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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Feb. 28, 2021
Aug. 31, 2020
Current Assets:    
Cash and cash equivalents $ 180,179 $ 299,481
Short-term restricted cash 736 185
Short-term investments 81,430 46,509
Receivables, net of allowance for doubtful accounts of $178 as of February 28, 2021 and $147 as of August 31, 2020, respectively 11,874 13,153
Merchandise inventories 339,237 309,509
Prepaid expenses and other current assets 32,283 30,165
Total current assets 645,739 699,002
Long-term restricted cash 6,864 4,105
Property and equipment, net 712,758 692,279
Operating lease right-of-use assets, net 123,968 119,533
Goodwill 45,157 45,206
Other intangibles, net 8,974 10,166
Deferred tax assets 22,332 21,672
Other non-current assets (includes $228 and $872 as of February 28, 2021 and August 31, 2020, respectively, for the fair value of derivative instruments) 54,462 54,260
Investment in unconsolidated affiliates 10,582 10,602
Total Assets 1,630,836 1,656,825
Current Liabilities:    
Short-term borrowings 23,067 65,143
Accounts payable 335,821 373,172
Accrued salaries and benefits 29,278 32,946
Deferred income 28,283 23,525
Income taxes payable 10,181 7,727
Other accrued expenses and other current liabilities 35,835 37,731
Operating lease liabilities, current portion 7,975 8,594
Dividends payable 10,755  
Long-term debt, current portion 20,406 19,437
Total current liabilities 501,601 568,275
Deferred tax liability 1,557 1,713
Long-term income taxes payable, net of current portion 5,439 5,132
Long-term operating lease liabilities 129,789 124,181
Long-term debt, net of current portion 106,160 112,610
Other long-term liabilities (includes $3,712 and $4,685 for the fair value of derivative instruments and $6,522 and $6,155 for post-employment plans as of February 28, 2021 and August 31, 2020, respectively) 11,039 12,182
Total Liabilities 755,585 824,093
Stockholders' Equity:    
Common stock $0.0001 par value, 45,000,000 shares authorized; 31,451,915 and 31,417,576 shares issued and 30,777,030 and 30,670,712 shares outstanding (net of treasury shares) as of February 28, 2021 and August 31, 2020, respectively 3 3
Additional paid-in capital 454,881 454,455
Accumulated other comprehensive loss (174,778) (176,820)
Retained earnings 616,943 582,487
Less: treasury stock at cost, 674,885 shares as of February 28, 2021 and 746,864 shares as of August 31, 2020 (22,781) (28,406)
Total stockholders' equity attributable to PriceSmart, Inc. stockholders 874,268 831,719
Noncontrolling interest in consolidated subsidiaries 983 1,013
Total Stockholders' Equity 875,251 832,732
Total Liabilities and Equity $ 1,630,836 $ 1,656,825