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STOCKHOLDERS' EQUITY | 9 Months Ended
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May 31, 2019
STOCKHOLDERS' EQUITY [Abstract] |
STOCKHOLDERS' EQUITY | NOTE 5 – STOCKHOLDERS’ EQUITY ﻿ Dividends ﻿ The following table summarizes the dividends declared and paid during fiscal year 2019 and 2018 (amounts are per share). ﻿ ﻿
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﻿ |  |  |  |  | First Payment |  | Second Payment
﻿Declared |  | Amount |  | Record Date |  | Date Paid |  | Date Payable |  | Amount |  | Record Date |  | Date Paid |  | Date Payable |  | Amount
﻿1/30/2019 |  | $ | 0.70 |  | 2/15/2019 |  | 2/28/2019 |  | N/A |  | $ | 0.35 |  | 8/15/2019 |  | N/A |  | 8/30/2019 |  | $ | 0.35
﻿1/24/2018 |  | $ | 0.70 |  | 2/14/2018 |  | 2/28/2018 |  | N/A |  | $ | 0.35 |  | 8/15/2018 |  | 8/31/2018 |  | N/A |  | $ | 0.35
﻿ ﻿ ﻿ The Company anticipates the ongoing payment of semi-annual dividends in subsequent periods, although the actual declaration of future dividends, the amount of such dividends, and the establishment of record and payment dates is subject to final determination by the Board of Directors at its discretion after its review of the Company’s financial performance and anticipated capital requirements. ﻿ Comprehensive Income and Accumulated Other Comprehensive Loss ﻿ The following tables disclose the effects of each component of other comprehensive income (loss), net of tax (in thousands): ﻿ ﻿
﻿ |  |  |  |  |  |  |  |
﻿ |
﻿ | Attributable to |  | Noncontrolling |  |  |
﻿ | PriceSmart |  | Interests |  | Total
﻿Beginning balance, September 1, 2018 | $ | (121,216) |  | $ | (1) |  | $ | (121,217)
﻿Foreign currency translation adjustments |  | (17,972) |  |  | 80 |  |  | (17,892)
﻿Defined benefit pension plans |  | 73 |  |  | — |  |  | 73
﻿Derivative instruments (1) |  | (2,053) |  |  | — |  |  | (2,053)
﻿Ending balance, May 31, 2019 | $ | (141,168) |  | $ | 79 |  | $ | (141,089)
﻿
﻿ |  |  |  |  |  |  |  |
﻿ |
﻿ | Attributable to |  | Noncontrolling |  |  |
﻿ | PriceSmart |  | Interests |  | Total
﻿Beginning balance, September 1, 2017 | $ | (110,059) |  | $ | — |  | $ | (110,059)
﻿Foreign currency translation adjustments |  | (134) |  |  | 8 |  |  | (126)
﻿Defined benefit pension plans |  | 101 |  |  | — |  |  | 101
﻿Derivative Instruments (1) |  | 1,516 |  |  | — |  |  | 1,516
﻿Ending balance, May 31, 2018 | $ | (108,576) |  | $ | 8 |  | $ | (108,568)
﻿ ﻿
﻿ |  |  |  |  |  |  |  |
﻿ |
﻿ | Attributable to |  | Noncontrolling |  |  |
﻿ | PriceSmart |  | Interests |  | Total
﻿Beginning balance, September 1, 2017 | $ | (110,059) |  | $ | — |  | $ | (110,059)
﻿Foreign currency translation adjustments |  | (12,890) |  |  | (1) |  |  | (12,891)
﻿Defined benefit pension plans |  | (87) |  |  | — |  |  | (87)
﻿Derivative Instruments (1) |  | 1,779 |  |  | — |  |  | 1,779
﻿Amounts reclassified from accumulated other comprehensive income (loss) (2) |  | 41 |  |  | — |  |  | 41
﻿Ending balance, August 31, 2018 | $ | (121,216) |  | $ | (1) |  | $ | (121,217)
﻿
| (1) |  | See Note 8 - Derivative Instruments and Hedging Activities.
| (2) |  | Amounts reclassified from accumulated other comprehensive income (loss) related to the minimum pension liability are included in warehouse club and other operations in the Company's Consolidated Statements of Income.
﻿ Retained Earnings Not Available for Distribution ﻿ The following table summarizes retained earnings designated as legal reserves of various subsidiaries which cannot be distributed as dividends to PriceSmart, Inc. according to applicable statutory regulations (in thousands): ﻿ ﻿
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿ |  | May 31, |  | August 31,
﻿ |  | 2019 |  | 2018
﻿Retained earnings not available for distribution |  | $ | 7,378 |  | $ | 6,798

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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