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v3.20.1

SEGMENTS (Summary of Segment Revenues, Operating Costs and Balance Sheet Items) (Details) $ in Thousands | 1 Months Ended | 3 Months Ended | 6 Months Ended |
--- | --- | --- | --- | ---
Mar. 31, 2019 USD ($) | Feb. 29, 2020 USD ($) warehouse country | Feb. 28, 2019 USD ($) | Feb. 29, 2020 USD ($) warehouse country | Feb. 28, 2019 USD ($) | Aug. 31, 2019 USD ($)
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |
Number of stores | warehouse |  |  | 45 |  |  | 45 |  |  |
Segment Reporting Information |  |  |  |  |  |  |  |  |
Revenue |  | $ 261,500 | $ 906,735 |  | $ 854,425 | $ 1,718,676 |  | $ 1,634,062 |
Depreciation, Property and equipment |  |  | 14,576 |  | 13,513 | 28,790 |  | 26,637 |
Amortization, Intangibles |  |  | 599 |  | 593 | 1,198 |  | 1,192 |
Operating income (loss) |  |  | 38,809 |  | 36,536 | 69,523 |  | 61,206 |
Net income (loss) attributable to PriceSmart Inc. |  |  | 25,600 |  | 23,810 | 45,328 |  | 38,422 |
Long-lived assets (other than deferred tax assets) |  |  | 897,123 | [1] | 686,870 | 897,123 | [1] | 686,870 | $ 730,365
Intangibles, net |  |  | 11,378 |  | 13,788 | 11,378 |  | 13,788 | 12,576
Goodwill |  |  | 45,413 |  | 46,263 | 45,413 |  | 46,263 | 46,101
Total assets |  |  | 1,498,292 |  | 1,258,230 | 1,498,292 |  | 1,258,230 | 1,296,411
Capital expenditures, net |  |  | 33,312 |  | 29,649 | 74,538 |  | 65,988 |
United States Operations Segment [Member] |  |  |  |  |  |  |  |  |
Segment Reporting Information |  |  |  |  |  |  |  |  |
Revenue |  |  | 18,848 |  | 16,821 | 36,187 |  | 34,160 |
Depreciation, Property and equipment |  |  | 1,338 |  | 1,950 | 2,687 |  | 3,910 |
Amortization, Intangibles |  |  | 599 |  | 593 | 1,198 |  | 1,192 |
Operating income (loss) |  |  | 1,928 |  | 4,477 | 4,516 |  | 3,427 |
Net income (loss) attributable to PriceSmart Inc. |  |  | (841) |  | 1,596 | (1,564) |  | (2,229) |
Long-lived assets (other than deferred tax assets) |  |  | 86,306 | [1] | 89,594 | 86,306 | [1] | 89,594 | 65,278
Intangibles, net |  |  | 11,378 |  | 13,788 | 11,378 |  | 13,788 | 12,576
Goodwill |  |  | 10,695 |  | 11,315 | 10,695 |  | 11,315 | 11,315
Total assets |  |  | 157,116 |  | 149,192 | 157,116 |  | 149,192 | 161,583
Capital expenditures, net |  |  | 3,489 |  | 1,930 | 4,118 |  | 3,616 |
Central American Operations Segment [Member] |  |  |  |  |  |  |  |  |
Segment Reporting Information |  |  |  |  |  |  |  |  |
Revenue |  |  | 522,607 |  | 484,994 | 989,409 |  | 924,800 |
Depreciation, Property and equipment |  |  | 7,568 |  | 6,003 | 14,450 |  | 11,873 |
Operating income (loss) |  |  | 37,667 |  | 35,574 | 69,367 |  | 64,366 |
Net income (loss) attributable to PriceSmart Inc. |  |  | 30,339 |  | 28,099 | 57,091 |  | 52,284 |
Long-lived assets (other than deferred tax assets) |  |  | 477,195 | [1] | 331,289 | 477,195 | [1] | 331,289 | 383,665
Goodwill |  |  | 24,522 |  | 24,670 | 24,522 |  | 24,670 | 24,593
Total assets |  |  | 723,673 |  | 592,121 | 723,673 |  | 592,121 | 614,579
Capital expenditures, net |  |  | 18,128 |  | 20,602 | 33,371 |  | 43,373 |
Caribbean Operations Segment [Member] |  |  |  |  |  |  |  |  |
Segment Reporting Information |  |  |  |  |  |  |  |  |
Revenue | [2] |  | 261,683 |  | 249,360 | 496,700 |  | 474,369 |
Depreciation, Property and equipment | [2] |  | 3,826 |  | 3,439 | 7,792 |  | 6,630 |
Operating income (loss) | [2] |  | 15,079 |  | 15,024 | 26,889 |  | 27,051 |
Net income (loss) attributable to PriceSmart Inc. | [2] |  | 13,810 |  | 13,037 | 24,129 |  | 23,022 |
Long-lived assets (other than deferred tax assets) | [2] |  | 187,641 | [1] | 151,729 | 187,641 | [1] | 151,729 | 165,584
Goodwill | [2] |  | 10,196 |  | 10,278 | 10,196 |  | 10,278 | 10,193
Total assets | [2] |  | 390,000 |  | 329,049 | 390,000 |  | 329,049 | 340,216
Capital expenditures, net | [2] |  | 7,230 |  | 5,766 | 11,750 |  | 16,261 |
Colombia Operations Segment [Member] |  |  |  |  |  |  |  |  |
Segment Reporting Information |  |  |  |  |  |  |  |  |
Revenue |  |  | 103,597 |  | 103,250 | 196,380 |  | 200,733 |
Depreciation, Property and equipment |  |  | 1,844 |  | 2,121 | 3,861 |  | 4,224 |
Operating income (loss) |  |  | 5,400 |  | 3,617 | 9,924 |  | 7,033 |
Net income (loss) attributable to PriceSmart Inc. |  |  | 3,666 |  | 3,289 | 6,937 |  | 6,104 |
Long-lived assets (other than deferred tax assets) |  |  | 145,981 | [1] | 114,258 | 145,981 | [1] | 114,258 | 115,838
Total assets |  |  | 227,503 |  | 187,868 | 227,503 |  | 187,868 | $ 180,033
Capital expenditures, net |  |  | 4,465 |  | 1,351 | 25,299 |  | 2,738 |
Intersegment [Member] |  |  |  |  |  |  |  |  |
Segment Reporting Information |  |  |  |  |  |  |  |  |
Revenue | [3] |  | (292,678) |  | (295,128) | (648,428) |  | (647,655) |
Intersegment [Member] | United States Operations Segment [Member] |  |  |  |  |  |  |  |  |
Segment Reporting Information |  |  |  |  |  |  |  |  |
Revenue |  |  | (287,362) |  | (289,699) | (637,312) |  | (640,418) |
Intersegment [Member] | Central American Operations Segment [Member] |  |  |  |  |  |  |  |  |
Segment Reporting Information |  |  |  |  |  |  |  |  |
Revenue |  |  | (3,909) |  | (3,783) | (7,954) |  | (4,220) |
Intersegment [Member] | Caribbean Operations Segment [Member] |  |  |  |  |  |  |  |  |
Segment Reporting Information |  |  |  |  |  |  |  |  |
Revenue | [2] |  | (860) |  | (1,249) | (2,079) |  | (2,342) |
Intersegment [Member] | Colombia Operations Segment [Member] |  |  |  |  |  |  |  |  |
Segment Reporting Information |  |  |  |  |  |  |  |  |
Revenue |  |  | (547) |  | (397) | (1,083) |  | (675) |
Reconciling Items [Member] |  |  |  |  |  |  |  |  |
Segment Reporting Information |  |  |  |  |  |  |  |  |
Operating income (loss) | [3] |  | (21,265) |  | (22,156) | (41,173) |  | (40,671) |
Net income (loss) attributable to PriceSmart Inc. | [3] |  | $ (21,374) |  | $ (22,211) | $ (41,265) |  | $ (40,759) |
Foreign Countries [Member] |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |
Number of countries | country |  |  | 12 |  |  | 12 |  |  |
Domestic Territories [Member] | United States Operations [Member] |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |
Number of countries | country |  |  | 1 |  |  | 1 |  |  |
[1] | Effective September 1, 2019, we adopted the requirements of Accounting Standards Update (ASU) 2016-02, "Leases (Topic 842)" (ASC 842) using the modified retrospective approach, under which financial results reported in prior periods were not restated. As a result, the Long-lived assets (other than deferred tax assets) as of February 29, 2020 is not comparable with that as of February 28, 2019 and August 31, 2019.
[2] | Management considers its club in the U.S. Virgin Islands to be part of its Caribbean operations.
[3] | The reconciling items reflect the amount eliminated on consolidation of intersegment transactions.

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