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SEGMENTS
3 Months Ended
Nov. 30, 2024
Segment Reporting [Abstract]  
SEGMENTS SEGMENTS
The Company and its subsidiaries are principally engaged in the international operation of membership shopping in 54 warehouse clubs located in 12 countries and one U.S. territory that are located in Central America, the Caribbean and Colombia. In addition, the Company operates distribution centers and corporate offices in the United States. The Company has aggregated its warehouse clubs, distribution centers and corporate offices into reportable segments. The Company’s reportable segments are based on management’s organization of these locations into operating segments by general geographic location, which are used by management in setting up management lines of responsibility, providing support services, and making operational decisions and assessments of financial performance. Segment amounts are presented after converting to U.S. dollars and consolidating eliminations. Certain revenues, operating costs and inter-company charges included in the United States segment are not allocated to the segments within this presentation, as it is impractical to do so, and they appear as reconciling items to reflect the amount eliminated on consolidation of intersegment transactions. From time to time, the Company revises the measurement of each segment's operating income and net income, including certain corporate overhead allocations, and other measures as determined by the information regularly reviewed by management. When the Company does so, the previous period amounts and balances are reclassified to conform to the current period's presentation.
The following tables summarize by segment certain revenues, operating costs and balance sheet items (in thousands):
United
States
Operations
Central
American
Operations
Caribbean
Operations(1)
Colombia
Operations
Reconciling
Items(2)
Total
Three Months Ended November 30, 2024
Revenue from external customers$9,618 $760,296 $345,382 $142,648 $— $1,257,944 
Intersegment revenues515,594 9,333 1,825 1,026 (527,778)— 
Depreciation, property and equipment
1,768 10,944 5,005 3,145 — 20,862 
Operating income(1,540)59,715 26,090 4,425 (30,430)58,260 
Net income(6,245)50,921 21,677 1,505 (30,430)37,428 
Long-lived assets (other than deferred tax assets)71,614 627,942 230,920 186,666 — 1,117,142 
Goodwill8,981 24,204 10,030 — — 43,215 
Total assets210,842 1,103,690 496,459 276,691 — 2,087,682 
Capital expenditures, net572 15,445 9,890 2,465 — 28,372 
Three Months Ended November 30, 2023
Revenue from external customers$10,009 $700,567 $326,967 $128,932 $— $1,166,475 
Intersegment revenues446,337 6,092 1,400 1,025 (454,854)— 
Depreciation, property and equipment1,324 10,010 4,821 3,339 — 19,494 
Operating Income9,949 56,902 23,332 3,617 (35,587)58,213 
Net income3,325 48,533 19,081 2,695 (35,587)38,047 
Long-lived assets (other than deferred tax assets)72,359 578,707 214,936 208,054 — 1,074,056 
Goodwill8,981 24,110 10,044 — — 43,135 
Total assets217,158 1,067,842 447,639 296,640 — 2,029,279 
Capital expenditures, net2,939 21,340 8,989 3,814 — 37,082 
As of August 31, 2024
Long-lived assets (other than deferred tax assets)$72,727 $614,382 $224,019 $199,404 $— $1,110,532 
Goodwill8,981 24,193 10,023 — — 43,197 
Investment in unconsolidated affiliates— 6,882 — — — 6,882 
Total assets220,076 1,065,493 451,265 285,860 — 2,022,694 
(1)Management considers its club in the U.S. Virgin Islands to be part of its Caribbean operations.
(2)The reconciling items reflect the amount eliminated on consolidation of intersegment transactions.