XML 42 R28.htm IDEA: XBRL DOCUMENT v3.20.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Aug. 31, 2020
Derivative Instruments, Gain (Loss) [Line Items]  
Summary of Restricted Cash

August 31,

August 31,

2020

2019

Short-term restricted cash

$

185

$

54

Long-term restricted cash (1)

4,105

3,529

Total restricted cash

$

4,290

$

3,583

(1)Long-term restricted cash consists mainly of cash deposits held within banking institutions in compliance with federal regulatory requirements in Costa Rica and Panama.

Schedule of Goodwill

Amount

Goodwill at August 31, 2019

$

46,101

Foreign currency exchange rate changes

(895)

Goodwill at August 31, 2020

$

45,206

Schedule of Goodwill and Intangibles

Amount

Other intangibles at August 31, 2019

$

12,576

Amortization

(2,410)

Net other intangibles at August 31, 2020

$

10,166

Total goodwill and other intangibles, net at August 31, 2020

$

55,372

Schedule of Amortization of Intangible Assets

Twelve Months Ended August 31,

Amount

2021

$

2,404

2022

2,404

2023

1,373

2024

205

2025

204

Thereafter

3,576

Total

$

10,166

Summary of Value Added Tax Receivables

August 31,

August 31,

2020

2019

Prepaid expenses and other current assets

$

1,749

$

1,639

Other non-current assets

25,851

22,691

Total amount of VAT receivables reported

$

27,600

$

24,330

Summary of Income Tax Receivables

August 31,

August 31,

2020

2019

Prepaid expenses and other current assets

$

10,944

$

9,009

Other non-current assets

20,116

16,381

Total amount of income tax receivables reported

$

31,060

$

25,390

Summary of Carrying Value and Fair Value of Debt

August 31, 2020

August 31, 2019

Carrying
Value

Fair
Value(1)

Carrying
Value

Fair

Value

Long-term debt, including current portion

$

132,047

$

124,085

$

89,586

$

84,833

(1)The Company has disclosed the fair value of long-term debt, including debt for which it has entered into cross-currency interest rate swaps, using the derivative obligation as of August 31, 2020 to estimate the fair value of long-term debt, which includes the effects that the cross-currency interest rate swaps have had on the fair value of long-term debt.

Net Effect of Foreign Currency Translation

Years Ended August 31,

2020

2019

2018

Effect on other comprehensive loss due to foreign currency restatement

$

(29,413)

$

(19,717)

$

(12,890)

Summary of Foreign Currency Gains (Losses)

Years Ended August 31,

2020

2019

2018

Currency gain (loss)

$

(1,370)

$

(1,476)

$

192

Real Estate Development [Member]  
Derivative Instruments, Gain (Loss) [Line Items]  
Schedule of Joint Ventures

Real Estate Development Joint Ventures

Countries

Ownership

Basis of
Presentation

GolfPark Plaza, S.A.

Panama

50.0

%

Equity(1)

Price Plaza Alajuela PPA, S.A.

Costa Rica

50.0

%

Equity(1)

(1)Joint venture interests are recorded as investment in unconsolidated affiliates on the consolidated balance sheets.

Marketplace And Casillero Store Front [Member]  
Derivative Instruments, Gain (Loss) [Line Items]  
Schedule of Joint Ventures

Marketplace and Casillero Store-front Joint Ventures

Countries

Ownership

Basis of
Presentation

Guatemala

Guatemala

60.0

%

Consolidated

Tortola

British Virgin Islands

50.0

%

Consolidated

Trinidad

Trinidad

50.0

%

Consolidated