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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables) | 3 Months Ended
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Nov. 30, 2016
Cash Flow Hedging [Member] |
Derivative [Line Items] |
Schedule of Interest Rate Derivatives |
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﻿Subsidiary |  | Date Entered into |  | Derivative Financial Counter- party |  | Derivative Financial Instruments |  | Initial US$ Notional Amount |  | Bank US$ loan Held with |  | Floating Leg (swap counter-party) |  | Fixed Rate for PSMT Subsidiary |  | Settlement Dates |  | Effective Period of swap
﻿Costa Rica |  | 28-Aug-15 |  | Citibank, N.A. ("Citi") |  | Cross currency interest rate swap |  | $ | 7,500,000 |  | Citibank, N.A. |  | Variable rate 3-month Libor plus 2.50% |  | 7.65 | % |  | 28th day of August, November, February, and May beginning on November 30, 2015 |  | August 28, 2015 - August 28, 2020
﻿Honduras |  | 24-Mar-15 |  | Citibank, N.A. ("Citi") |  | Cross currency interest rate swap |  | $ | 8,500,000 |  | Citibank, N.A. |  | Variable rate 3-month Libor plus 3.25% |  | 10.75 | % |  | 24th day of March, June, September, and December beginning on June 24, 2015 |  | March 24,2015 - March 20, 2020
﻿El Salvador |  | 16-Dec-14 |  | Bank of Nova Scotia ("Scotiabank") |  | Interest rate swap |  | $ | 4,000,000 |  | Bank of Nova Scotia |  | Variable rate 30-day Libor plus 3.5% |  | 4.78 | % |  | 29th day of each month beginning on December 29, 2014 |  | December 1, 2014 - August 29, 2019
﻿Colombia |  | 10-Dec-14 |  | Citibank, N.A. ("Citi") |  | Cross currency interest rate swap |  | $ | 15,000,000 |  | Citibank, N.A. |  | Variable rate 3-month Libor plus 2.8% |  | 8.25 | % |  | 4th day of March, June, Sept, Dec. beginning on March 4, 2015 |  | December 4, 2014 - December 3, 2019
﻿Panama |  | 9-Dec-14 |  | Bank of Nova Scotia ("Scotiabank") |  | Interest rate swap |  | $ | 10,000,000 |  | Bank of Nova Scotia |  | Variable rate 30-day Libor plus 3.5% |  | 5.16 | % |  | 28th day of each month beginning December 29, 2014 |  | November 28, 2014 - November 29, 2019
﻿Honduras |  | 23-Oct-14 |  | Citibank, N.A. ("Citi") |  | Cross currency interest rate swap |  | $ | 5,000,000 |  | Citibank, N.A. |  | Variable rate 3-month Libor plus 3.5% |  | 11.6 | % |  | 22nd day of January, April, July, and October beginning on January 22, 2015 |  | October 22, 2014 - October 22, 2017
﻿Panama |  | 1-Aug-14 |  | Bank of Nova Scotia ("Scotiabank") |  | Interest rate swap |  | $ | 5,000,000 |  | Bank of Nova Scotia |  | Variable rate 30-day Libor plus 3.5% |  | 4.89 | % |  | 21st day of each month beginning on September 22, 2014 |  | August 21, 2014 - August 21, 2019
﻿Panama |  | 22-May-14 |  | Bank of Nova Scotia ("Scotiabank") |  | Interest rate swap |  | $ | 19,800,000 |  | Bank of Nova Scotia |  | Variable rate 30-day Libor plus 3.5% |  | 4.98 | % |  | 4th day of each month beginning on June 4, 2014 |  | May 5, 2014 - April 4, 2019
﻿Panama |  | 22-May-14 |  | Bank of Nova Scotia ("Scotiabank") |  | Interest rate swap |  | $ | 3,970,000 |  | Bank of Nova Scotia |  | Variable rate 30-day Libor plus 3.5% |  | 4.98 | % |  | 4th day of each month beginning on June 4, 2014 |  | May 5, 2014 - April 4, 2019
﻿PriceSmart, Inc |  | 7-Nov-16 |  | MUFG Union Bank, N.A. ("Union Bank") |  | Interest rate swap |  | $ | 33,000,000 |  | Union Bank |  | Variable rate 1-month Libor plus 1.7% |  | 3.60 | % |  | 1st day of each month beginning on April 1, 2017 |  | March 1, 2017 - March 1, 2027
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Fair Value Hedging [Member] |
Derivative [Line Items] |
Summary of Fair Value of Foreign Currency Forward Contracts |
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﻿Non-deliverable forward foreign exchange contracts |  | Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value
﻿Foreign currency forward contracts |  | Other accrued expenses |  | $ | (153) |  | Other accrued expenses |  | $ | (110)
﻿Net fair value of non-deliverable forward foreign exchange contracts designated as hedging instruments that do not qualify for hedge accounting |  |  |  | $ | (153) |  |  |  | $ | (110)
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Derivative Swap [Member] | Cash Flow Hedging [Member] |
Derivative [Line Items] |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value |
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﻿Derivatives designated as cash flow hedging instruments |  | Balance Sheet Location |  | Fair Value |  | Net Tax Effect |  | Net OCI |  | Fair Value |  | Net Tax Effect |  | Net OCI
﻿Cross-currency interest rate swaps |  | Other non-current assets |  | $ | 3,724 |  |  | (1,438) |  |  | 2,286 |  | $ | 3,224 |  | $ | (1,248) |  | $ | 1,976
﻿Interest rate swaps |  | Other non-current assets |  |  | 439 |  |  | (157) |  |  | 282 |  |  | — |  |  | — |  |  | —
﻿Interest rate swaps |  | Other long-term liabilities |  |  | (222) |  |  | 63 |  |  | (159) |  |  | (448) |  |  | 115 |  |  | (333)
﻿Cross-currency interest rate swaps |  | Other long-term liabilities |  |  | (808) |  |  | 242 |  |  | (566) |  |  | (1,066) |  |  | 320 |  |  | (746)
﻿Net fair value of derivatives designated as hedging instruments |  |  |  | $ | 3,133 |  | $ | (1,290) |  | $ | 1,843 |  | $ | 1,710 |  | $ | (813) |  | $ | 897
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Derivative Swap [Member] | Cash Flow Hedging [Member] | Interest Expense [Member] |
Derivative [Line Items] |
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location |
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﻿Income Statement Classification |  | Interest expense on borrowings(1) |  | Cost of swaps (2) |  | Total
﻿Interest expense for the three months ended November 30, 2016 |  | $ | 750 |  | $ | 423 |  | $ | 1,173
﻿Interest expense for the three months ended November 30, 2015 |  | $ | 622 |  | $ | 621 |  | $ | 1,243
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| (1) |  | This amount is representative of the interest expense recognized on the underlying hedged transactions.
| (2) |  | This amount is representative of the interest expense recognized on the cross-currency interest rate swaps designated as cash flow hedging instruments.
Interest Rate Swaps [Member] | Cash Flow Hedging [Member] |
Derivative [Line Items] |
Schedule of Notional Amounts of Outstanding Derivative Positions |
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﻿ |  | Notional Amount as of
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﻿ Floating Rate Payer (Swap Counterparty) |  | 2016 |  | 2016
﻿Scotiabank |  | $ | 29,162 |  | $ | 30,188
﻿Citibank N.A. |  |  | 30,958 |  |  | 32,258
﻿Total |  | $ | 60,120 |  | $ | 62,446
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Forward Foreign Exchange Contracts [Member] | Fair Value Hedging [Member] |
Derivative [Line Items] |
Schedule of Notional Amounts of Outstanding Derivative Positions |
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﻿Subsidiary |  | Dates entered into |  | Derivative Financial Counter-party |  | Derivative Financial Instrument |  | Notional Amount (in thousands) |  | Settlement Date |  | Effective Period of Forward
﻿Costa Rica |  | 31-Aug-16 |  | Citibank, N.A. |  | Forward foreign exchange contracts |  | $ | 3,750 |  | August 30, 2017 |  | August 31, 2016- August 30, 2017
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Forward Foreign Exchange Contracts [Member] | Fair Value Hedging [Member] | Other Income (Expense) [Member] |
Derivative [Line Items] |
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location |
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﻿ |  | Three Months Ended
﻿ |  | November 30, |  | November 30,
﻿Income Statement Classification |  | 2016 |  | 2015
﻿Other income (expense), net |  | $ | 219 |  | $ | (63)
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