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QUARTERLY FINANCIAL INFORMATION (Schedule of Quarterly Financial Data) (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
Aug. 31, 2018 | May 31, 2018 | Feb. 28, 2018 | Nov. 30, 2017 | Aug. 31, 2017 | May 31, 2017 | Feb. 28, 2017 | Nov. 30, 2016 | Aug. 31, 2016 | May 31, 2016 | Feb. 29, 2016 | Nov. 30, 2015 | Aug. 31, 2018 | Aug. 31, 2017 | Aug. 31, 2016
Quarterly Financial Information Disclosure [Abstract] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenues | $ 777,866 | $ 782,201 | $ 839,563 |  | $ 767,072 | $ 733,502 | $ 730,258 | $ 793,296 | $ 739,572 | $ 711,052 | $ 704,262 | $ 777,931 | $ 711,931 | $ 3,166,702 | $ 2,996,628 | $ 2,905,176
Total cost of goods sold | 650,801 | 652,694 | 708,040 |  | 644,985 | 615,920 | 617,598 | 667,563 | 618,671 | 596,644 | 597,242 | 657,725 | 598,015 | 2,656,520 | 2,519,752 | 2,449,626
Net income from continuing operations | $ 18,996 | $ 18,694 | $ 14,148 | [1] | $ 22,490 | $ 19,798 | $ 18,838 | $ 27,219 | $ 24,869 | $ 22,272 | $ 16,837 | $ 25,942 | $ 23,672 | 74,328 | 90,724 | 88,723
Net income attributable to PriceSmart, Inc. |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 74,403 | $ 90,724 | $ 88,723
Basic | $ 0.62 | $ 0.61 | $ 0.47 |  | $ 0.74 | $ 0.64 | $ 0.62 | $ 0.90 | $ 0.82 | $ 0.74 | $ 0.55 | $ 0.85 | $ 0.78 | $ 2.44 | $ 2.98 | $ 2.92
Diluted | $ 0.62 | $ 0.61 | $ 0.47 |  | $ 0.74 | $ 0.64 | $ 0.62 | $ 0.90 | $ 0.82 | $ 0.74 | $ 0.55 | $ 0.85 | $ 0.78 | $ 2.44 | $ 2.98 | $ 2.92
[1] | In the second quarter of fiscal year 2018, the Company recorded its provisional tax estimate of $13.4 million as a result of the U.S. Tax Reform Transition Tax. The Company finalized its calculation of this Transition Tax in the fourth quarter of fiscal year 2018, reducing it to approximately $12.5 million.

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