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QUARTERLY FINANCIAL INFORMATION (Schedule of Quarterly Financial Information) (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
Aug. 31, 2019 | May 31, 2019 | Feb. 28, 2019 | Nov. 30, 2018 | 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, 2019 | Aug. 31, 2018 | Aug. 31, 2017
QUARTERLY FINANCIAL INFORMATION [Abstract] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenues | $ 801,300 | $ 788,556 | $ 854,425 |  | $ 779,637 | $ 777,866 | $ 782,201 | $ 839,563 | $ 767,072 | $ 733,502 | $ 730,258 | $ 793,296 | $ 739,572 | $ 3,223,918 |  | $ 3,166,702 |  | $ 2,996,628
Total cost of goods sold | 663,766 | 661,887 | 716,858 |  | 653,180 | 650,801 | 652,694 | 708,040 | 644,985 | 615,920 | 617,598 | 667,563 | 618,671 | 2,695,691 |  | 2,656,520 |  | 2,519,752
Net income attributable to PriceSmart, Inc. | $ 20,673 | $ 14,096 | $ 23,810 | [1] | $ 14,612 | $ 18,996 | $ 18,694 | $ 14,148 | $ 22,490 | $ 19,798 | $ 18,838 | $ 27,219 | $ 24,869 | $ 73,191 | [2] | $ 74,328 | [2] | $ 90,724
Basic net income per share | $ 0.67 | $ 0.46 | $ 0.79 |  | $ 0.48 | $ 0.62 | $ 0.61 | $ 0.47 | $ 0.74 | $ 0.64 | $ 0.62 | $ 0.90 | $ 0.82 | $ 2.40 |  | $ 2.44 |  | $ 2.98
Diluted net income per share | $ 0.67 | $ 0.46 | $ 0.79 |  | $ 0.48 | $ 0.62 | $ 0.61 | $ 0.47 | $ 0.74 | $ 0.64 | $ 0.62 | $ 0.90 | $ 0.82 | $ 2.40 |  | $ 2.44 |  | $ 2.98
[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.
[2] | In March 2018, the Company acquired technology, talent and cross-border logistics infrastructure that operated a marketplace and casillero business. Investments in the technology, talent and infrastructure to expand our omni-channel capabilities, together with the operating results from the marketplace and casillero business, negatively impacted Net income attributable to PriceSmart, Inc. $14.5 million for the twelve months ended August 31, 2019. Management considers this business to be part of its United States operations.

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