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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Aug. 31, 2023
Accounting Policies [Abstract]  
Schedule of Joint Ventures The Company's ownership interest in real estate development joint ventures the Company has recorded under the equity method as of August 31, 2023 are listed below:
Real Estate Development Joint VenturesCountriesOwnershipBasis of
Presentation
GolfPark Plaza, S.A.Panama50.0%
Equity(1)
Price Plaza Alajuela PPA, S.A.Costa Rica50.0%
Equity(1)
(1)Joint venture interests are recorded as investment in unconsolidated affiliates on the consolidated balance sheets.
Summary of Restricted Cash The following table summarizes the restricted cash reported by the Company (in thousands):
August 31,
2023		August 31,
2022
Short-term restricted cash$2,865$3,013
Long-term restricted cash9,35310,650
Total restricted cash(1)
$12,218$13,663
(1)Restricted cash consists of cash deposits held within banking institutions in compliance with federal regulatory requirements in Costa Rica and Panama. In addition, the Company is required to maintain a certificate of deposit and/or security deposits of Trinidad dollars, as measured in U.S dollars, of approximately $6.4 million with a few of its lenders as compensating balances for several U.S. dollar and euro denominated loans payable over several years. The certificates of deposit will be reduced annually commensurate with the loan balances.
Schedule of Goodwill
The changes in the carrying amount of goodwill for the year ended August 31, 2023 are as follows (in thousands):
Amount
Goodwill at August 31, 2022$43,303
Foreign currency exchange rate changes(193)
Goodwill at August 31, 2023$43,110
Schedule of Goodwill and Intangibles
Amount
Other intangibles at August 31, 2022$765
Amortization(765)
Net other intangibles at August 31, 2023$—
Total goodwill and other intangibles, net August 31, 2023$43,110
Summary of Value Added Tax Receivables
The following table summarizes the VAT receivables reported by the Company (in thousands):
August 31,
2023		August 31,
2022
Prepaid expenses and other current assets$2,774$3,890
Other non-current assets36,06032,460
Total amount of VAT receivables reported$38,834$36,350
Summary of Income Tax Receivables
The following table summarizes the Income tax receivables reported by the Company (in thousands):
August 31,
2023		August 31,
2022
Prepaid expenses and other current assets$17,749$12,077
Other non-current assets19,17619,985
Total amount of income tax receivables reported$36,925$32,062
Summary of Carrying Value and Fair Value of Debt The carrying value and fair value of the Company’s debt as of August 31, 2023 and August 31, 2022 is as follows (in thousands):
August 31, 2023August 31, 2022
Carrying
Value
Fair
Value(1)
Carrying
Value
Fair
Value(1)
Long-term debt, including current portion$139,680 $133,150 $137,271 $136,479 
(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, 2023 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
The following table discloses the net effect of translation into the reporting currency on other comprehensive loss for these local currency denominated accounts for the years ended August 31, 2023, 2022 and 2021:
Years Ended August 31,
202320222021
Effects on other comprehensive income (loss) due to foreign currency restatement$33,708$(19,034)$(7,837)
Summary of Foreign Currency Gains (Losses) These foreign exchange transaction gains (losses), including transactions recorded involving these monetary assets and liabilities, are recorded as Other income (expense) in the consolidated statements of income.
Years Ended August 31,
202320222021
Currency loss$(15,396)$(7,414)$(5,395)