XML 30 R19.htm IDEA: XBRL DOCUMENT
v3.21.2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 9 Months Ended
--- | ---
May 31, 2021
Derivative Instruments, Gain (Loss) [Line Items] |
Summary of Restricted Cash |
|  | May 31, |  |  | August 31,
|  | 2021 |  |  | 2020
Short-term restricted cash |  | $ | 781 |  |  | $ | 185
Long-term restricted cash |  |  | 6,972 |  |  |  | 4,105
Total restricted cash(1) |  | $ | 7,753 |  |  | $ | 4,290
(1)Restricted cash consists of cash deposits held within banking institutions to comply with federal regulatory requirements in Costa Rica and Panama. In addition, the Company is required to maintain a certificate of deposit of Trinidad dollars, as measured in U.S. dollars, of approximately $3.0 million with one of its lenders as a compensating balance for a $3.0 million U.S. dollar denominated loan payable over several years. The certificate of deposit will be reduced annually commensurate with the loan balance.
Summary of Value Added Tax Receivables |
|  | May 31, |  | August 31,
|  | 2021 |  | 2020
Prepaid expenses and other current assets |  | $ | 1,390 |  | $ | 1,749
Other non-current assets |  |  | 28,004 |  |  | 25,851
Total amount of VAT receivables reported |  | $ | 29,394 |  | $ | 27,600
Summary of Income Tax Receivables |
|  | May 31, |  | August 31,
|  | 2021 |  | 2020
Prepaid expenses and other current assets |  | $ | 9,775 |  | $ | 10,944
Other non-current assets |  |  | 19,872 |  |  | 20,116
Total amount of income tax receivables reported |  | $ | 29,647 |  | $ | 31,060
Net Effect of Foreign Currency Translation |
|  | Three Months Ended |  | Nine Months Ended
|  | May 31, |  | May 31, |  | May 31, |  |  | May 31,
|  | 2021 |  | 2020 |  | 2021 |  |  | 2020
Effect on other comprehensive loss due to foreign currency translation |  | $ | (3,007) |  | $ | (12,874) |  | $ | (2,577) |  | $ | (19,981)
Summary of Foreign Currency Gains (Losses) |
|  | Three Months Ended |  | Nine Months Ended
|  | May 31, |  | May 31, |  | May 31, |  | May 31,
|  | 2021 |  | 2020 |  | 2021 |  | 2020
Currency loss |  | $ | (2,240) |  | $ | (1,529) |  | $ | (3,970) |  | $ | (2,431)
Real Estate Development [Member] |
Derivative Instruments, Gain (Loss) [Line Items] |
Schedule of Joint Ventures |
Real Estate Development Joint Ventures |  | Countries |  | Ownership |  | Basis of ‎Presentation
GolfPark Plaza, S.A. |  | Panama |  | 50.0 | % |  | Equity(1)
Price Plaza Alajuela PPA, S.A. |  | Costa Rica |  | 50.0 | % |  | Equity(1)
(1)Joint venture interests are recorded as investment in unconsolidated affiliates on the consolidated balance sheets.
Marketplace And Casillero Store Front [Member] |
Derivative Instruments, Gain (Loss) [Line Items] |
Schedule of Joint Ventures |
Marketplace and Casillero Store-front Joint Ventures |  | Countries |  | Ownership |  | Basis of ‎Presentation
Guatemala |  | Guatemala |  | 60.0 | % |  | Consolidated
Tortola |  | British Virgin Islands |  | 50.0 | % |  | Consolidated
Trinidad |  | Trinidad |  | 50.0 | % |  | Consolidated

X
- Definition Income Tax Receivable [Table Text Block] + References No definition available. + Details
Name: | psmt_IncomeTaxReceivableTableTextBlock
Namespace Prefix: | psmt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Net Effect On Other Comprehensive Income (Loss), Foreign Currency Translation [Table Text Block] + References No definition available. + Details
Name: | psmt_NetEffectOnOtherComprehensiveIncomeLossForeignCurrencyTranslationTableTextBlock
Namespace Prefix: | psmt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Translation of foreign currencies gains or losses [Table Text Block] + References No definition available. + Details
Name: | psmt_TranslationOfForeignCurrenciesGainsOrLossesTableTextBlock
Namespace Prefix: | psmt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Value Added Tax Receivables [Table Text Block] + References No definition available. + Details
Name: | psmt_ValueAddedTaxReceivablesTableTextBlock
Namespace Prefix: | psmt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsGainLossLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
Name: | us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cash and cash equivalents restricted as to withdrawal or usage. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(1)(a)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=121583591&loc=SL98516268-108586 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(2)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfRestrictedCashAndCashEquivalentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | srt_OwnershipAxis=psmt_RealEstateDevelopmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_OwnershipAxis=psmt_MarketplaceAndCasilleroStoreFrontMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |