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ACQUISITION (Tables) | 9 Months Ended
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May 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 year s |  | $ | 5,100
﻿Developed technology |  |  | 5 year s |  |  | 11,000
﻿Total assets acquired |  |  |  |  | $ | 16,100
﻿
Pro Forma Financial Information |
﻿ |  |  |  |  |  |
﻿ |  | Three Months Ended |  | Nine Months Ended
﻿ |  | May 31, |  | May 31,
﻿ |  | 2018 |  | 2018
﻿Pro forma total revenues |  | $ | 791,413 |  | $ | 2,410,581
﻿Pro forma net income attributable to PriceSmart, Inc. (1) |  | $ | 15,778 |  | $ | 46,202
﻿Pro forma net income attributable to noncontrolling interest |  | $ | 124 |  | $ | 415
﻿
| (1) |  | Includes the pro forma recognition of $723,000 and $2.2 million post-combination compensation expense, which represents three and nine months of continued service amortization required to satisfy the $3.8 million remaining purchase price contingency.
Results of Operations |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Three Months Ended |  | Nine Months Ended
﻿ |  | May 31, |  | May 31, |  | May 31, |  | May 31,
﻿ |  | 2019 |  | 2018 |  | 2019 |  | 2018
﻿Total revenue |  | $ | 8,973 |  | $ | 7,835 |  | $ | 28,100 |  | $ | 7,835
﻿Net loss (net of tax benefits) |  | $ | (2,879) |  | $ | (2,290) |  | $ | (10,980) |  | $ | (2,290)
﻿

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