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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Feb. 28, 2021
Feb. 29, 2020
Feb. 28, 2021
Feb. 29, 2020
Revenues:        
Net merchandise sales $ 898,404 $ 871,726 $ 1,736,773 $ 1,650,454
Export sales 9,706 8,434 20,587 16,708
Membership income 13,799 14,093 27,098 27,839
Other revenue and income 15,660 12,482 30,543 23,675
Total revenues 937,569 906,735 1,815,001 1,718,676
Cost of goods sold:        
Net merchandise sales 755,108 743,434 1,458,727 1,406,158
Export sales 9,315 8,078 19,748 16,049
Non-merchandise 6,268 4,662 12,092 8,913
Selling, general and administrative:        
Warehouse club and other operations 90,449 84,022 175,281 163,395
General and administrative 31,270 27,618 58,791 53,502
Pre-opening expenses 48 44 650 997
Loss on disposal of assets 132 68 202 139
Total operating expenses 892,590 867,926 1,725,491 1,649,153
Operating income 44,979 38,809 89,510 69,523
Other income (expense):        
Interest income 445 586 936 879
Interest expense (2,228) (1,690) (4,261) (2,552)
Other income (expense), net (292) 723 (1,837) (262)
Total other expense (2,075) (381) (5,162) (1,935)
Income before provision for income taxes and loss of unconsolidated affiliates 42,904 38,428 84,348 67,588
Provision for income taxes (14,565) (12,702) (28,183) (22,105)
Loss of unconsolidated affiliates (12) (15) (21) (63)
Net income 28,327 25,711 56,144 45,420
Less: net income attributable to noncontrolling interest (91) (111) (171) (92)
Net income attributable to PriceSmart, Inc. $ 28,236 $ 25,600 $ 55,973 $ 45,328
Net income attributable to PriceSmart Inc, per share available for distribution:        
Basic $ 0.92 $ 0.85 $ 1.82 $ 1.49
Diluted $ 0.92 $ 0.85 $ 1.82 $ 1.49
Shares used in per share computations:        
Basic 30,376 30,255 30,387 30,266
Diluted 30,404 30,258 30,412 30,271