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ACQUISITION (Tables) | 9 Months Ended
--- | ---
May 31, 2018
Acquisition [Abstract] |
Summary of the Total Purchase Consideration |
﻿ |  |  |
﻿ |  | May 31,
﻿ |  | 2018
﻿Estimated consideration on the acquisition date |  | $ | 30,046
﻿Estimated assumed net debt 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 |
﻿ |  |  |  |
﻿ |  | May 31, |
﻿ |  | 2018 |
﻿Current assets |  | $ | 4,196 |
﻿Other non-current assets |  |  | 746 |
﻿Property, plant and equipment |  |  | 2,059 |
﻿Intangible assets |  |  | 16,100 |
﻿Goodwill |  |  | 16,033 |
﻿Total assets acquired |  | $ | 39,134 |
﻿Current liabilities |  |  | (5,862) |
﻿Non-current liabilities |  |  | (7,607) | (1)
﻿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 |
﻿ |  |  |  |  |  |
﻿ |  |  | Nine Months Ended
﻿ |  |  | 2018 |  |  | 2017
﻿Pro forma total revenues |  | $ | 2,410,581 |  | $ | 2,296,135
﻿Pro forma net income attributable to PriceSmart, Inc. (1) |  | $ | 46,202 |  | $ | 64,163
﻿Pro forma net income attributable to noncontrolling interest |  | $ | 415 |  | $ | 187
﻿Total revenue included in the Consolidated Statement of Income since acquisition |  | $ | 7,835 |  |  | N/A
﻿Net income/(loss) included in the Consolidated Statement of Income since acquisition |  | $ | (2,290) |  |  | N/A
﻿
| (1) |  | Includes the pro forma recognition of $2.2 million of post-combination compensation expense, which represents completion of nine of the fifteen months of continued service required to satisfy the $3.8 million remaining purchase price contingency, and $1.3 million for the amortization of intangible assets for the nine months ended May 31, 2018.

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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