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STOCKHOLDERS' EQUITY | 3 Months Ended
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Nov. 30, 2016
STOCKHOLDERS' EQUITY [Abstract] |
STOCKHOLDERS' EQUITY | NOTE 5 – STOCKHOLDERS’ EQUITY ﻿ Dividends ﻿ No dividends were declared by the Company’s Board of Directors during the first three months of fiscal year 2017. The following table summarizes the dividends declared and paid during fiscal year 2016. ﻿ ﻿
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﻿ |  |  |  |  | First Payment |  | Second Payment
﻿Declared |  | Amount |  | Record Date |  | Date Paid |  | Amount |  | Record Date |  | Date Paid |  | Amount
﻿2/3/2016 |  | $ | 0.70 |  | 2/15/2016 |  | 2/29/2016 |  | $ | 0.35 |  | 8/15/2016 |  | 8/31/2016 |  | $ | 0.35
﻿ The Company anticipates the ongoing payment of semi-annual dividends in subsequent periods, although the actual declaration of future dividends, the amount of such dividends, and the establishment of record and payment dates is subject to final determination by the Board of Directors at its discretion after its review of the Company’s financial performance and anticipated capital requirements. ﻿ Com prehensive Income and Accumulated Other Comprehensive Loss ﻿ The following tables disclose the effects of each component of other comprehensive income (loss), net of tax (in thousands): ﻿ ﻿
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﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Three Months Ended November 30, 2016
﻿ |  | Foreign currency translation adjustments |  | Defined benefit pension plans |  | Derivative Instruments |  | Total
﻿Beginning balance, September 1, 2016 |  | $ | (102,242) |  | $ | (315) |  | $ | (1,394) | (1) | $ | (103,951)
﻿Other comprehensive income (loss) |  |  | (10,866) |  |  | (7) |  |  | 492 |  |  | (10,381)
﻿Ending balance, November 30, 2016 |  | $ | (113,108) |  | $ | (322) |  | $ | (902) |  | $ | (114,332)
﻿
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﻿ |  | Three Months Ended November 30, 2015
﻿ |  | Foreign currency translation adjustments |  | Defined benefit pension plans |  | Derivative Instruments |  | Total
﻿Beginning balance, September 1, 2015 |  | $ | (100,540) |  | $ | (113) |  | $ | (859) |  | $ | (101,512)
﻿Other comprehensive income (loss) |  |  | (472) |  |  | (4) |  |  | (120) | (1) |  | (596)
﻿Ending balance, November 30, 2015 |  | $ | (101,012) |  | $ | (117) |  | $ | (979) |  | $ | (102,108)
﻿
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﻿ |  | Twelve Months Ended August 31, 2016
﻿ |  | Foreign currency translation adjustments |  | Defined benefit pension plans |  | Derivative Instruments |  | Total
﻿Beginning balance, September 1, 2015 |  | $ | (100,540) |  | $ | (113) |  | $ | (859) |  | $ | (101,512)
﻿Other comprehensive income (loss) |  |  | (1,702) |  |  | (182) |  |  | (535) | (1) |  | (2,419)
﻿Amounts reclassified from accumulated other comprehensive income (loss) |  |  | — |  |  | (20) | (2) |  | — |  |  | (20)
﻿Ending balance, August 31, 2016 |  | $ | (102,242) |  | $ | (315) |  | $ | (1,394) |  | $ | (103,951)
﻿
| (1) |  | See Note 9 - Derivative Instruments and Hedging Activities.
| (2) |  | Amounts reclassified from accumulated other comprehensive income (loss) related to the minimum pension liability are included in warehouse club operations in the Company's Consolidated Statements of Income.
Retained Earnings Not Available for Distribution ﻿ The following table summarizes retained earnings designated as legal reserves of various subsidiaries which cannot be distributed as dividends to PriceSmart, Inc. according to applicable statutory regulations (in thousands): ﻿ ﻿
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﻿ |  | November 30, |  | August 31,
﻿ |  | 2016 |  | 2016
﻿Retained earnings not available for distribution |  | $ | 6,036 |  | $ | 5,926

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