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EARNINGS PER SHARE | 9 Months Ended
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May 31, 2018
EARNINGS PER SHARE [Abstract] |
EARNINGS PER SHARE | NOTE 3 – EARNINGS PER SHARE ﻿ The Company presents basic net income per share attributable to PriceSmart using the two-class method. The two-class method is an earnings allocation formula that treats a participating security as having rights to earnings that otherwise would have been available to common stockholders and that determines basic net income per share attributable to PriceSmart for each class of common stock and participating security according to dividends declared (or accumulated) and participation rights in undistributed earnings that would have been available to common stockholders. A participating security is defined as a security that may participate in undistributed earnings with common stock. The Company’s capital structure includes securities that participate with common stock on a one-for-one basis for distribution of dividends. These are the restricted stock awards and restricted stock units issued pursuant to the 2013 Equity Incentive Award Plan. The Company determines the diluted net income per share attributable to PriceSmart by using the more dilutive of the two class-method or the treasury stock method and by including the basic weighted average of outstanding stock options in the calculation of diluted net income per share attributable to PriceSmart under the two-class method and including all potential common shares assumed issued in the calculation of diluted net income per share attributable to PriceSmart under the treasury stock method. ﻿ The following table sets forth the computation of net income per share attributable to PriceSmart for the three and nine months ended May 31, 2018 and 2017 (in thousands, except per share amounts): ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Three Months Ended |  | Nine Months Ended
﻿ |  | May 31, |  | May 31, |  | May 31, |  | May 31,
﻿ |  | 2018 |  | 2017 |  | 2018 |  | 2017
﻿Net income attributable to PriceSmart, Inc. per share available for distribution: |  | $ | 18,694 |  | $ | 18,838 |  | $ | 55,332 |  | $ | 70,926
﻿Less: Allocation of income to unvested stockholders |  |  | (244) |  |  | (272) |  |  | (642) |  |  | (1,034)
﻿Net earnings available to common stockholders |  | $ | 18,450 |  | $ | 18,566 |  | $ | 54,690 |  | $ | 69,892
﻿Basic weighted average shares outstanding |  |  | 30,137 |  |  | 30,043 |  |  | 30,105 |  |  | 30,010
﻿Add dilutive effect of stock options (two-class method) |  |  | — |  |  | 2 |  |  | — |  |  | 4
﻿Diluted average shares outstanding |  |  | 30,137 |  |  | 30,045 |  |  | 30,105 |  |  | 30,014
﻿Basic |  | $ | 0.61 |  | $ | 0.62 |  | $ | 1.82 |  | $ | 2.34
﻿Diluted |  | $ | 0.61 |  | $ | 0.62 |  | $ | 1.82 |  | $ | 2.34
﻿

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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