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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables) - Cash Flow Hedging [Member] | 6 Months Ended
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Feb. 28, 2019
Derivative [Line Items] |
Schedule of Interest Rate Derivatives |
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﻿Subsidiary |  | Date Entered into |  | Derivative Financial Counter- party |  | Derivative Financial Instruments |  | Initial US$ Notional Amount |  | Bank US$ loan Held with |  | Floating Leg (swap counter-party) |  | Fixed Rate for PSMT Subsidiary |  | Settlement Dates |  | Effective Period of swap
﻿PriceSmart, Inc |  | 7-Nov-16 |  | MUFG Union Bank, N.A. ("Union Bank") |  | Interest rate swap |  | $ | 35,700,000 |  | Union Bank |  | Variable rate 1-month Libor plus 1.7% |  | 3.65 | % |  | 1st day of each month beginning on April 1, 2017 |  | March 1, 2017 - March 1, 2027
﻿Costa Rica |  | 28-Aug-15 |  | Citibank, N.A. ("Citi") |  | Cross currency interest rate swap |  | $ | 7,500,000 |  | Citibank, N.A. |  | Variable rate 3-month Libor plus 2.50% |  | 7.65 | % |  | 28th day of August, November, February, and May beginning on November 30, 2015 |  | August 28, 2015 - August 28, 2020
﻿Honduras |  | 26-Feb-18 |  | Citibank, N.A. ("Citi") |  | Cross currency interest rate swap |  | $ | 13,500,000 |  | Citibank, N.A. |  | Variable rate 3-month Libor plus 3.00% |  | 9.75 | % |  | 29th day of May, August, November and February beginning May 29, 2018 |  | February 26, 2018 - February 24, 2024
﻿El Salvador |  | 16-Dec-14 |  | Bank of Nova Scotia ("Scotiabank") |  | Interest rate swap |  | $ | 4,000,000 |  | Bank of Nova Scotia |  | Variable rate 30-day Libor plus 3.5% |  | 4.78 | % |  | 29th day of each month beginning on December 29, 2014 |  | December 1, 2014 - August 29, 2019
﻿Colombia |  | 10-Dec-14 |  | Citibank, N.A. ("Citi") |  | Cross currency interest rate swap |  | $ | 15,000,000 |  | Citibank, N.A. |  | Variable rate 3-month Libor plus 2.8% |  | 8.25 | % |  | 4th day of March, June, Sept, Dec. beginning on March 4, 2015 |  | December 4, 2014 - December 3, 2019
﻿Panama |  | 9-Dec-14 |  | Bank of Nova Scotia ("Scotiabank") |  | Interest rate swap |  | $ | 10,000,000 |  | Bank of Nova Scotia |  | Variable rate 30-day Libor plus 3.5% |  | 5.2 | % |  | 28th day of each month beginning December 29, 2014 |  | November 28, 2014 - November 29, 2019
﻿Panama |  | 1-Aug-14 |  | Bank of Nova Scotia ("Scotiabank") |  | Interest rate swap |  | $ | 5,000,000 |  | Bank of Nova Scotia |  | Variable rate 30-day Libor plus 3.5% |  | 4.89 | % |  | 21st day of each month beginning on September 22, 2014 |  | August 21, 2014 - August 21, 2019
﻿Panama |  | 22-May-14 |  | Bank of Nova Scotia ("Scotiabank") |  | Interest rate swap |  | $ | 3,970,000 |  | Bank of Nova Scotia |  | Variable rate 30-day Libor plus 3.5% |  | 4.98 | % |  | 4th day of each month beginning on June 4, 2014 |  | May 5, 2014 - April 4, 2019
﻿Panama |  | 25-Jun-18 |  | Bank of Nova Scotia ("Scotiabank") |  | Interest rate swap |  | $ | 14,625,000 |  | Bank of Nova Scotia |  | Variable rate 3-month Libor plus 3.0% |  | 5.99 | % |  | 23rd day of each month beginning on July 23, 2018 |  | June 25, 2018 - March 23, 2023
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Interest Rate Swaps [Member] |
Derivative [Line Items] |
Schedule of Notional Amounts of Outstanding Derivative Positions |
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﻿ |  | Notional Amount as of
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﻿ Floating Rate Payer (Swap Counterparty) |  | 2019 |  | 2018
﻿Union Bank |  | $ | 35,700 |  | $ | 35,700
﻿Citibank N.A. |  |  | 26,025 |  |  | 27,825
﻿Scotiabank |  |  | 22,799 |  |  | 25,149
﻿Total |  | $ | 84,524 |  | $ | 88,674
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Derivative Swaps [Member] |
Derivative [Line Items] |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value |
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﻿Derivatives designated as cash flow hedging instruments |  | Balance Sheet Location |  | Fair Value |  | Net Tax Effect |  | Net OCI |  | Fair Value |  | Net Tax Effect |  | Net OCI
﻿Cross-currency interest rate swaps |  | Other non-current assets |  | $ | 2,344 |  | $ | (737) |  | $ | 1,607 |  | $ | 2,405 |  | $ | (819) |  | $ | 1,586
﻿Interest rate swaps |  | Other non-current assets |  |  | 1,266 |  |  | (282) |  |  | 984 |  |  | 1,959 |  |  | (434) |  |  | 1,525
﻿Interest rate swaps |  | Other long-term liabilities |  |  | (155) |  |  | 43 |  |  | (112) |  |  | (8) |  |  | 2 |  |  | (6)
﻿Cross-currency interest rate swaps |  | Other long-term liabilities |  |  | (455) |  |  | 137 |  |  | (318) |  |  | (494) |  |  | 148 |  |  | (346)
﻿Net fair value of derivatives designated as hedging instruments |  |  |  | $ | 3,000 |  | $ | (839) |  | $ | 2,161 |  | $ | 3,862 |  | $ | (1,103) |  | $ | 2,759
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Derivative Swaps [Member] | Interest Expense [Member] |
Derivative [Line Items] |
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location |
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﻿Income Statement Classification |  | Interest expense on borrowings(1) |  | Cost of swaps (2) |  | Total
﻿Interest expense for the three months ended February 28, 2019 |  | $ | 1,210 |  | $ | 102 |  | $ | 1,312
﻿Interest expense for the three months ended February 28, 2018 |  | $ | 873 |  | $ | 176 |  | $ | 1,049
﻿Interest expense for the six months ended February 28, 2019 |  | $ | 2,403 |  | $ | 269 |  | $ | 2,672
﻿Interest expense for the six months ended February 28, 2018 |  | $ | 1,723 |  | $ | 497 |  | $ | 2,220
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| (1) |  | This amount is representative of the interest expense recognized on the underlying hedged transactions.
| (2) |  | This amount is representative of the interest expense recognized on the cross-currency interest rate swaps designated as cash flow hedging instruments.

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