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ACQUISITION (Tables) | 12 Months Ended
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Aug. 31, 2019
ACQUISITION [Abstract] |
Summary of the Total Purchase Consideration |
﻿ |  |  |
﻿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 |  |  | (3,754)
﻿Business acquisition, net assets acquired |  | $ | 25,199
﻿Cash acquired |  |  | 1,208
﻿Business acquisition, net of cash acquired |  | $ | 23,991
﻿
Summary of the Fair Value of the Assets Acquired and Liabilities Assumed |
﻿ |  |  |
﻿Current assets |  | $ | 4,196
﻿Other non-current assets |  |  | 746
﻿Property, plant and equipment |  |  | 2,059
﻿Intangible assets |  |  | 16,100
﻿Goodwill |  |  | 11,411
﻿Deferred tax assets, long-term |  |  | 4,078
﻿Total assets acquired |  | $ | 38,590
﻿Current liabilities |  |  | (5,862)
﻿Non-current liabilities |  |  | (6,967)
﻿Noncontrolling interest |  |  | (562)
﻿Net assets acquired |  | $ | 25,199
﻿
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
﻿Pro forma total revenues |  | $ | 3,197,307 |  | $ | 3,040,168
﻿Pro forma net income attributable to PriceSmart, Inc. (1) |  | $ | 67,734 |  | $ | 82,587
﻿Pro forma net income attributable to noncontrolling interest |  | $ | 444 |  | $ | 248
﻿
| (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 $3.8 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
﻿ |  |  | 2019 |  |  | 2018 |  |  | 2017
﻿Total revenue |  | $ | 37,162 |  |  | 16,863 |  |  | N/A
﻿Net Loss (net of tax benefits) |  | $ | (14,462) |  |  | (6,901) |  |  | N/A
﻿

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