XML 66 R27.htm IDEA: XBRL DOCUMENT
v3.20.1

SEGMENTS (Tables) | 6 Months Ended
--- | ---
Feb. 29, 2020
SEGMENTS [Abstract] |
Summary of Segment Revenues, Operating Costs and Balance Sheet Items |
|  | United ‎States ‎Operations |  | Central ‎American ‎Operations |  | Caribbean ‎Operations(1) |  | Colombia Operations |  | Reconciling ‎Items(2) |  | Total
Three Months Ended February 29, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 18,848 |  | $ | 522,607 |  | $ | 261,683 |  | $ | 103,597 |  |  | — |  | $ | 906,735
Intersegment revenues |  |  | 287,362 |  |  | 3,909 |  |  | 860 |  |  | 547 |  |  | (292,678) |  |  | —
Depreciation, Property and equipment |  |  | 1,338 |  |  | 7,568 |  |  | 3,826 |  |  | 1,844 |  |  | — |  |  | 14,576
Amortization, Intangibles |  |  | 599 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 599
Operating income (loss) |  |  | 1,928 |  |  | 37,667 |  |  | 15,079 |  |  | 5,400 |  |  | (21,265) |  |  | 38,809
Net income (loss) attributable to PriceSmart, Inc. |  |  | (841) |  |  | 30,339 |  |  | 13,810 |  |  | 3,666 |  |  | (21,374) |  |  | 25,600
Capital expenditures, net |  |  | 3,489 |  |  | 18,128 |  |  | 7,230 |  |  | 4,465 |  |  | — |  |  | 33,312
Six Months Ended February 29, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 36,187 |  | $ | 989,409 |  | $ | 496,700 |  | $ | 196,380 |  | $ | — |  | $ | 1,718,676
Intersegment revenues |  |  | 637,312 |  |  | 7,954 |  |  | 2,079 |  |  | 1,083 |  |  | (648,428) |  |  | —
Depreciation, Property and equipment |  |  | 2,687 |  |  | 14,450 |  |  | 7,792 |  |  | 3,861 |  |  | — |  |  | 28,790
Amortization, Intangibles |  |  | 1,198 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,198
Operating income |  |  | 4,516 |  |  | 69,367 |  |  | 26,889 |  |  | 9,924 |  |  | (41,173) |  |  | 69,523
Net income (loss) attributable to PriceSmart, Inc. |  |  | (1,564) |  |  | 57,091 |  |  | 24,129 |  |  | 6,937 |  |  | (41,265) |  |  | 45,328
Long-lived assets (other than deferred tax assets) (3) |  |  | 86,306 |  |  | 477,195 |  |  | 187,641 |  |  | 145,981 |  |  | — |  |  | 897,123
Intangibles, net |  |  | 11,378 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 11,378
Goodwill |  |  | 10,695 |  |  | 24,522 |  |  | 10,196 |  |  | — |  |  | — |  |  | 45,413
Total assets |  |  | 157,116 |  |  | 723,673 |  |  | 390,000 |  |  | 227,503 |  |  | — |  |  | 1,498,292
Capital expenditures, net |  |  | 4,118 |  |  | 33,371 |  |  | 11,750 |  |  | 25,299 |  |  | — |  |  | 74,538
Three Months Ended February 28, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 16,821 |  | $ | 484,994 |  | $ | 249,360 |  | $ | 103,250 |  | $ | — |  | $ | 854,425
Intersegment revenues |  |  | 289,699 |  |  | 3,783 |  |  | 1,249 |  |  | 397 |  |  | (295,128) |  |  | —
Depreciation, Property and equipment |  |  | 1,950 |  |  | 6,003 |  |  | 3,439 |  |  | 2,121 |  |  | — |  |  | 13,513
Amortiazation, Intangibles |  |  | 593 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 593
Operating income (loss) |  |  | 4,477 |  |  | 35,574 |  |  | 15,024 |  |  | 3,617 |  |  | (22,156) |  |  | 36,536
Net income (loss) attributable to PriceSmart, Inc. |  |  | 1,596 |  |  | 28,099 |  |  | 13,037 |  |  | 3,289 |  |  | (22,211) |  |  | 23,810
Capital expenditures, net |  |  | 1,930 |  |  | 20,602 |  |  | 5,766 |  |  | 1,351 |  |  | — |  |  | 29,649
Six Months Ended February 28, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 34,160 |  | $ | 924,800 |  | $ | 474,369 |  | $ | 200,733 |  | $ | — |  | $ | 1,634,062
Intersegment revenues |  |  | 640,418 |  |  | 4,220 |  |  | 2,342 |  |  | 675 |  |  | (647,655) |  |  | —
Depreciation, Property and equipment |  |  | 3,910 |  |  | 11,873 |  |  | 6,630 |  |  | 4,224 |  |  | — |  |  | 26,637
Amortization, Intangibles |  |  | 1,192 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,192
Operating income |  |  | 3,427 |  |  | 64,366 |  |  | 27,051 |  |  | 7,033 |  |  | (40,671) |  |  | 61,206
Net income (loss) attributable to PriceSmart, Inc. |  |  | (2,229) |  |  | 52,284 |  |  | 23,022 |  |  | 6,104 |  |  | (40,759) |  |  | 38,422
Long-lived assets (other than deferred tax assets) |  |  | 89,594 |  |  | 331,289 |  |  | 151,729 |  |  | 114,258 |  |  | — |  |  | 686,870
Intangibles, net |  |  | 13,788 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 13,788
Goodwill |  |  | 11,315 |  |  | 24,670 |  |  | 10,278 |  |  | — |  |  | — |  |  | 46,263
Total assets |  |  | 149,192 |  |  | 592,121 |  |  | 329,049 |  |  | 187,868 |  |  | — |  |  | 1,258,230
Capital expenditures, net |  |  | 3,616 |  |  | 43,373 |  |  | 16,261 |  |  | 2,738 |  |  | — |  |  | 65,988
As of August 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-lived assets (other than deferred tax assets) |  | $ | 65,278 |  | $ | 383,665 |  | $ | 165,584 |  | $ | 115,838 |  | $ | — |  | $ | 730,365
Intangibles, net |  |  | 12,576 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 12,576
Goodwill |  |  | 11,315 |  |  | 24,593 |  |  | 10,193 |  |  | — |  |  | — |  |  | 46,101
Total assets |  |  | 161,583 |  |  | 614,579 |  |  | 340,216 |  |  | 180,033 |  |  | — |  |  | 1,296,411
(1)Management considers its club in the U.S. Virgin Islands to be part of its Caribbean operations. (2)The reconciling items reflect the amount eliminated on consolidation of intersegment transactions. (3)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.

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration