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ACQUISITION (Tables)

9 Months Ended

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 years		$	5,100
Developed technology			5 years			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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