XML 16 R4.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Feb. 28, 2022
Feb. 28, 2021
Feb. 28, 2022
Feb. 28, 2021
Revenues:        
Net merchandise sales $ 1,011,896 $ 898,404 $ 1,955,939 $ 1,736,773
Export sales 8,674 9,706 19,208 20,587
Membership income 15,071 13,799 29,862 27,098
Other revenue and income 2,916 15,660 8,904 30,543
Total revenues 1,038,557 937,569 2,013,913 1,815,001
Cost of goods sold:        
Net merchandise sales 853,633 755,108 1,646,826 1,458,727
Export sales 8,215 9,315 18,282 19,748
Non-merchandise   6,268 1,809 12,092
Selling, general and administrative:        
Warehouse club and other operations 93,993 90,449 185,189 175,281
General and administrative 33,951 31,270 65,644 58,791
Pre-opening expenses 130 48 1,100 650
Loss on disposal of assets 313 132 724 202
Total operating expenses 990,235 892,590 1,919,574 1,725,491
Operating income 48,322 44,979 94,339 89,510
Other income (expense):        
Interest income 549 445 1,067 936
Interest expense (2,438) (2,228) (4,028) (4,261)
Other income (expense), net (819) (292) 590 (1,837)
Total other expense (2,708) (2,075) (2,371) (5,162)
Income before provision for income taxes and loss of unconsolidated affiliates 45,614 42,904 91,968 84,348
Provision for income taxes (14,139) (14,565) (29,953) (28,183)
Loss of unconsolidated affiliates (14) (12) (24) (21)
Net income 31,461 28,327 61,991 56,144
Less: net income attributable to noncontrolling interest   (91) (19) (171)
Net income attributable to PriceSmart, Inc. $ 31,461 $ 28,236 $ 61,972 $ 55,973
Net income attributable to PriceSmart, Inc. per share available for distribution:        
Basic $ 1.03 $ 0.92 $ 2.01 $ 1.82
Diluted $ 1.03 $ 0.92 $ 2.01 $ 1.82
Shares used in per share computations:        
Basic 30,578 30,376 30,565 30,387
Diluted 30,582 30,404 30,593 30,412