XML 31 R19.htm IDEA: XBRL DOCUMENT v3.22.1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Feb. 28, 2022

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

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.

Summary of Restricted Cash

		February 28,				August 31,
		2022				2021
Short-term restricted cash		$	4,172			$	3,647
Long-term restricted cash			12,036				9,772
Total restricted cash(1)		$	16,208			$	13,419

⁽¹⁾Restricted cash consists of cash deposits held within banking institutions in compliance with federal regulatory requirements in Costa Rica and Panama. In addition, the Company is required to maintain a certificate of deposit and/or security deposits of Trinidad dollars, as measured in U.S. dollars, of approximately $11.2 million with a few of its lenders as compensating balances for several U.S. dollar and euro denominated loans payable over several years. The certificates of deposit will be reduced annually commensurate with the loan balances.

Summary of Value Added Tax Receivables

		February 28,			August 31,
		2022			2021
Prepaid expenses and other current assets		$	3,478		$	3,173
Other non-current assets			36,045			28,437
Total amount of VAT receivables reported		$	39,523		$	31,610

Summary of Income Tax Receivables

		February 28,			August 31,
		2022			2021
Prepaid expenses and other current assets		$	11,140		$	11,491
Other non-current assets			21,072			18,872
Total amount of income tax receivables reported		$	32,212		$	30,363

Net Effect of Foreign Currency Translation

		Three Months Ended						Six Months Ended
		February 28,			February 28,			February 28,				February 28,
		2022			2021			2022				2021
Effect on other comprehensive income (loss) due to foreign currency translation		$	2,413		$	(2,331)		$	(5,718)		$	430

Summary of Foreign Currency Gains (Losses)

		Three Months Ended						Six Months Ended
		February 28,			February 28,			February 28,			February 28,
		2022			2021			2022			2021
Currency loss		$	(1,775)		$	(238)		$	(3,638)		$	(1,731)

X

- Definition

Income Tax Receivable [Table Text Block]

+ References

No definition available.

+ Details

Name:	psmt_IncomeTaxReceivableTableTextBlock
Namespace Prefix:	psmt_
Data Type:	dtr-types: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:	dtr-types: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:	dtr-types: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:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_AccountingPoliciesAbstract
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:	dtr-types: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=123431023&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:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration