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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Feb. 28, 2022
Aug. 31, 2021
Current Assets:    
Cash and cash equivalents $ 178,705 $ 202,060
Short-term restricted cash 4,172 3,647
Short-term investments 26,933 50,233
Receivables, net of allowance for doubtful accounts of $52 as of February 28, 2022 and $94 as of August 31, 2021, respectively 15,001 12,359
Merchandise inventories 470,313 389,711
Prepaid expenses and other current assets (included $1,566 and $0 as of February 28, 2022 and August 31, 2021, respectively, for the fair value of derivative instruments) 46,156 39,194
Total current assets 741,280 697,204
Long-term restricted cash 12,036 9,772
Property and equipment, net 753,671 730,204
Operating lease right-of-use assets, net 115,290 123,655
Goodwill 43,334 45,095
Other intangibles, net 1,542 7,762
Deferred tax assets 26,258 24,225
Other non-current assets (includes $4,583 and $2,464 as of February 28, 2022 and August 31, 2021, respectively, for the fair value of derivative instruments) 69,399 57,329
Investment in unconsolidated affiliates 10,520 10,544
Total Assets 1,773,330 1,705,790
Current Liabilities:    
Short-term borrowings 15,342  
Accounts payable 380,778 388,791
Accrued salaries and benefits 32,239 41,896
Deferred income 30,793 26,898
Income taxes payable 10,164 8,310
Other accrued expenses and other current liabilities 42,240 39,736
Operating lease liabilities, current portion 6,808 8,526
Dividends payable 13,430  
Long-term debt, current portion 28,761 19,395
Total current liabilities 560,555 533,552
Deferred tax liability 1,946 1,568
Long-term income taxes payable, net of current portion 5,602 4,160
Long-term operating lease liabilities 122,602 129,256
Long-term debt, net of current portion 120,057 110,110
Other long-term liabilities (includes $958 and $3,010 for the fair value of derivative instruments and $7,726 and $7,380 for post-employment plans as of February 28, 2022 and August 31, 2021, respectively) 8,684 10,930
Total Liabilities 819,446 789,576
Stockholders' Equity:    
Common stock $0.0001 par value, 45,000,000 shares authorized; 31,626,219 and 31,467,971 shares issued and 30,871,179 and 30,755,308 shares outstanding (net of treasury shares) as of February 28, 2022 and August 31, 2021, respectively 3 3
Additional paid-in capital 473,277 465,015
Accumulated other comprehensive loss (184,413) (182,508)
Retained earnings 694,186 658,919
Less: treasury stock at cost, 755,040 shares as of February 28, 2022 and 712,663 shares as of August 31, 2021 (29,169) (26,084)
Total stockholders' equity attributable to PriceSmart, Inc. stockholders 953,884 915,345
Noncontrolling interest in consolidated subsidiaries   869
Total Stockholders' Equity 953,884 916,214
Total Liabilities and Equity $ 1,773,330 $ 1,705,790