Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v2.4.0.8
Fair Value Measurements (Tables)
 9 Months Ended
May 31, 2013
Fair Value Measurements Tables  
Fair Value, Assets Measured on Recurring Basis
The following table provides information on the assets and liabilities measured at fair value on a recurring basis as of May 31, 2013:

 
                Fair Value Measurement Using        
         
Cost / Other
    
Quoted Prices in Active Markets for Identical Assets
    
Significant Other Observable Inputs
    
Significant Unobservable Inputs
    
Total Unrealized
  
   
Fair Value
    
Value
    
(Level 1)
    
(Level 2)
    
(Level 3)
    
Gain
  
Tap Participation Fee liability
   $ 70,685,800     $ 70,685,800     $ —     $ —     $ 70,685,800     $ —  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Although not required, the Company deems the following table, which presents the changes in the Tap Participation Fee for the nine months ended May 31, 2013, to be helpful to the users of its consolidated financial statements:
 
   
Fair Value Measurement using Significant Unobservable Inputs (Level 3)
  
   
Gross Estimated Tap Participation Fee Liability
    
Tap Participation Fee Reported Liability
    
Discount - to be imputed as interest expense in future periods
  
Balance at August 31, 2012
   $ 112,958,000     $ 68,269,200     $ 44,688,800  
Total gains and losses (realized and unrealized):
     —       —       —  
Imputed interest recorded as “Other Expense”
     —       2,416,600       (2,416,600 )
Transfers in and/or out of Level 3
     —       —       —  
Balance at May 31, 2013
   $ 112,958,000     $ 70,685,800     $ 42,272,200