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ACQUISITION (Tables) | 12 Months Ended
--- | ---
Aug. 31, 2018
Acquisition [Abstract] |
Summary of the Total Purchase Consideration |
﻿ |  |  |
﻿ |  | August 31,
﻿ |  | 2018
﻿Estimated consideration on the acquisition date |  | $ | 30,046
﻿Estimated assumed net liabilities at acquisition date |  |  | (1,093)
﻿Total cash consideration |  |  | 28,953
﻿Post-combination compensation expense, net of claims |  |  | (3,850)
﻿Business acquisition, net assets acquired |  | $ | 25,103
﻿Cash acquired |  |  | 1,208
﻿Business acquisition, net of cash acquired |  | $ | 23,895
﻿
Components of the Preliminary Purchase Price Allocation |
﻿ |  |  |
﻿ |  | August 31,
﻿ |  | 2018
﻿Current assets |  | $ | 4,196
﻿Other non-current assets |  |  | 746
﻿Property, plant and equipment |  |  | 2,059
﻿Intangible assets |  |  | 16,100
﻿Goodwill |  |  | 11,230
﻿Deferred tax assets, long-term |  |  | 4,163
﻿Total assets acquired |  | $ | 38,494
﻿Current liabilities |  |  | (5,862)
﻿Non-current liabilities |  |  | (6,967)
﻿Noncontrolling interest |  |  | (562)
﻿Net assets acquired |  | $ | 25,103
﻿
Schedule of Intangible Assets Acquired |
﻿ |  |  |  |  |  |
﻿ |  |  | Amortization |  |  | Fair value of
﻿ |  |  | Period |  |  | Assets Acquired
﻿Trade name |  |  | 25 years |  | $ | 5,100
﻿Developed technology |  |  | 5 years |  |  | 11,000
﻿Total assets acquired |  |  |  |  | $ | 16,100
﻿
Pro Forma Financial Information | ﻿
﻿ |  |  |  |  |  |  |  |  |
﻿ |  |  | Twelve Months Ended
﻿ |  |  | 2018 |  |  | 2017 |  |  | 2016
﻿Pro forma total revenues |  | $ | 3,197,307 |  | $ | 3,040,168 |  | $ | 2,946,083
﻿Pro forma net income attributable to PriceSmart, Inc. (1) |  | $ | 67,734 |  | $ | 82,587 |  | $ | 80,852
﻿Pro forma net income attributable to noncontrolling interest |  | $ | 444 |  | $ | 248 |  | $ | (20)
﻿
| (1) |  | Includes the pro forma recognition of $3.0 million of post-combination compensation expense, which represents completion of twelve of the fifteen months of continued service required to satisfy the $3.9 million remaining purchase price contingency, and $2.1 million for the amortization of intangible assets for the twelve months ended August 31, 2018.
﻿
Results of Operations | ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |
﻿ |  |  | Twelve Months Ended
﻿ |  |  | 2018 |  |  | 2017 |  |  | 2016
﻿Total revenue included in the Consolidated Statement of Income since acquisition |  | $ | 16,863 |  |  | N/A |  |  | N/A
﻿Net (Loss) from Aeropost Operations, net of tax benefit (1) |  | $ | (6,901) |  |  | N/A |  |  | N/A
﻿
| (1) |  | Does not include approximately $3.4 million of Aeropost-related costs for asset impairment and pre-acquisition costs.

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