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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Aug. 31, 2023
Aug. 31, 2022
Aug. 31, 2021
Operating Activities:      
Net income $ 109,205 $ 104,553 $ 98,159
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 72,698 67,868 64,983
Allowance for doubtful accounts (36) 63 (53)
Reserve for AMT settlement 7,179 0 0
Asset impairment and closure costs 5,658 0 0
Loss on sale of property and equipment 744 1,265 1,027
Deferred income taxes (5,583) (3,300) (3,853)
Equity in losses of unconsolidated affiliates 55 10 58
Stock-based compensation 16,574 16,803 18,424
Change in operating assets and liabilities:      
Receivables, prepaid expenses and other current assets, non-current assets, accrued salaries and benefits, deferred membership income and other accruals 17,589 (13,785) 13,097
Merchandise inventories (10,173) (74,706) (80,202)
Accounts payable 43,421 23,058 15,526
Net cash provided by operating activities 257,331 121,829 127,166
Investing Activities:      
Additions to property and equipment (142,511) (120,660) (113,174)
Purchases of short-term investments (138,784) (22,469) (69,460)
Proceeds from settlements of short-term investments 58,852 61,733 65,528
Purchases of long-term investments 0 0 (1,478)
Proceeds from settlements of long-term investments 0 1,488 1,478
Proceeds from disposal of property and equipment 361 193 385
Proceeds from the disposal of Aeropost, net of divested cash 0 4,959 0
Net cash used in investing activities (222,082) (74,756) (116,721)
Financing Activities:      
Proceeds from long-term bank borrowings 38,713 30,633 17,565
Repayment of long-term bank borrowings (35,984) (22,697) (19,993)
Proceeds from short-term bank borrowings 848 23,829 0
Repayment of short-term bank borrowings (3,229) (11,156) (64,983)
Cash dividend payments (28,540) (26,559) (21,988)
Purchase of treasury stock (12,863) (6,259) (5,542)
Other financing activities 0 0 (196)
Net cash used in financing activities (41,055) (12,209) (95,137)
Effect of exchange rate changes on cash and cash equivalents and restricted cash 6,635 1,030 (3,600)
Net increase (decrease) in cash, cash equivalents 829 35,894 (88,292)
Cash, cash equivalents and restricted cash at beginning of period 251,373 215,479 303,771
Cash, cash equivalents and restricted cash at end of period 252,202 251,373 215,479
Supplemental disclosure of noncash investing activities:      
Capital expenditures accrued, but not yet paid 4,530 3,129 3,497
Cash paid during the period for:      
Interest 10,558 9,392 7,774
Income taxes 77,925 67,143 58,571
Reconciliation of cash, cash equivalents, and restricted cash:      
Cash and cash equivalents 239,984 237,710 202,060
Short-term restricted cash 2,865 3,013 3,647
Long-term restricted cash 9,353 10,650 9,772
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows $ 252,202 $ 251,373 $ 215,479