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SEGMENTS (Tables) | 12 Months Ended
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Aug. 31, 2023
Segment Reporting [Abstract] |
Summary of Segment Revenues, Operating Costs and Balance Sheet Items | The following tables summarize by segment certain revenues, operating costs and balance sheet items (in thousands):
|  | United States Operations |  | Central American Operations |  | Caribbean Operations(1) |  | Colombia Operations |  | Reconciling Items(2) |  | Total
Year Ended August 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 31,741 |  |  | $ | 2,671,083 |  |  | $ | 1,269,307 |  |  | $ | 439,711 |  |  | $ | — |  |  | $ | 4,411,842 |
Intersegment revenues |  | 1,538,588 |  |  | 27,709 |  |  | 5,621 |  |  | 4,466 |  |  | (1,576,384) |  |  | — |
Depreciation, Property and equipment |  | 5,482 |  |  | 37,053 |  |  | 19,188 |  |  | 10,210 |  |  | — |  |  | 71,933 |
Amortization, Intangibles |  | 765 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 765 |
Operating income (loss) |  | 29,844 |  |  | 191,721 |  |  | 87,223 |  |  | 15,467 |  |  | (139,739) |  |  | 184,516 |
Interest income from external sources |  | 3,604 |  |  | 3,977 |  |  | 2,135 |  |  | 155 |  |  | — |  |  | 9,871 |
Interest income from intersegment sources |  | 2,454 |  |  | 1,603 |  |  | 253 |  |  | — |  |  | (4,310) |  |  | — |
Interest expense from external sources |  | 1,165 |  |  | 2,664 |  |  | 3,251 |  |  | 3,940 |  |  | — |  |  | 11,020 |
Interest expense from intersegment sources |  | 75 |  |  | 1,258 |  |  | 1,041 |  |  | 1,939 |  |  | (4,313) |  |  | — |
Provision (benefit) for income taxes |  | 23,283 |  |  | 28,045 |  |  | 9,873 |  |  | (1,250) |  |  | — |  |  | 59,951 |
Net income attributable to PriceSmart, Inc. |  | 9,540 |  |  | 159,014 |  |  | 68,635 |  |  | 11,755 |  |  | (139,739) |  |  | 109,205 |
Long-lived assets (other than deferred tax assets) |  | 71,919 |  |  | 566,139 |  |  | 210,000 |  |  | 205,295 |  |  | — |  |  | 1,053,353 |
Goodwill |  | 8,981 |  |  | 24,083 |  |  | 10,046 |  |  | — |  |  | — |  |  | 43,110 |
Investment in unconsolidated affiliates |  | — |  |  | 10,479 |  |  | — |  |  | — |  |  | — |  |  | 10,479 |
Total assets |  | 302,115 |  |  | 995,881 |  |  | 425,145 |  |  | 282,467 |  |  | — |  |  | 2,005,608 |
Capital expenditures, net |  | 10,204 |  |  | 79,526 |  |  | 24,234 |  |  | 29,948 |  |  | — |  |  | 143,912 |
Year Ended August 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 48,716 |  |  | $ | 2,382,163 |  |  | $ | 1,156,607 |  |  | $ | 478,607 |  |  | $ | — |  |  | $ | 4,066,093 |
Intersegment revenues |  | 1,492,648 |  |  | 22,119 |  |  | 5,857 |  |  | 3,600 |  |  | (1,524,224) |  |  | — |
Depreciation, Property and equipment |  | 4,719 |  |  | 34,155 |  |  | 17,061 |  |  | 10,320 |  |  | — |  |  | 66,255 |
Amortization, Intangibles |  | 1,613 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,613 |
Operating income (loss) |  | 23,364 |  |  | 171,119 |  |  | 79,022 |  |  | 22,526 |  |  | (128,965) |  |  | 167,066 |
Interest income from external sources |  | 147 |  |  | 1,115 |  |  | 863 |  |  | 76 |  |  | — |  |  | 2,201 |
Interest income from intersegment sources |  | 1,789 |  |  | 1,954 |  |  | 255 |  |  | — |  |  | (3,998) |  |  | — |
Interest expense from external sources |  | 1,225 |  |  | 3,107 |  |  | 2,163 |  |  | 3,116 |  |  | — |  |  | 9,611 |
Interest expense from intersegment sources |  | 27 |  |  | 1,187 |  |  | 1,821 |  |  | 899 |  |  | (3,934) |  |  | — |
Provision for income taxes |  | 19,629 |  |  | 23,396 |  |  | 8,106 |  |  | 727 |  |  | — |  |  | 51,858 |
Net income attributable to PriceSmart, Inc. |  | 8,292 |  |  | 144,159 |  |  | 62,799 |  |  | 18,268 |  |  | (128,984) |  |  | 104,534 |
Long-lived assets (other than deferred tax assets) |  | 70,978 |  |  | 498,204 |  |  | 218,021 |  |  | 175,194 |  |  | — |  |  | 962,397 |
Intangibles, net |  | 765 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 765 |
Goodwill |  | 8,981 |  |  | 24,250 |  |  | 10,072 |  |  | — |  |  | — |  |  | 43,303 |
Investment in unconsolidated affiliates |  | — |  |  | 10,534 |  |  | — |  |  | — |  |  | — |  |  | 10,534 |
Total assets |  | 230,411 |  |  | 867,898 |  |  | 474,411 |  |  | 235,680 |  |  | — |  |  | 1,808,400 |
Capital expenditures, net |  | 5,119 |  |  | 46,959 |  |  | 36,610 |  |  | 33,654 |  |  | — |  |  | 122,342 |
Year Ended August 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 88,397 |  |  | $ | 2,105,856 |  |  | $ | 1,004,793 |  |  | $ | 420,825 |  |  | $ | — |  |  | $ | 3,619,871 |
Intersegment revenues |  | 1,280,236 |  |  | 17,861 |  |  | 5,087 |  |  | 3,869 |  |  | (1,307,053) |  |  | — |
Depreciation, Property and equipment |  | 6,970 |  |  | 31,319 |  |  | 15,432 |  |  | 8,858 |  |  | — |  |  | 62,579 |
Amortization, Intangibles |  | 2,404 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,404 |
Operating income (loss) |  | 12,687 |  |  | 151,933 |  |  | 74,769 |  |  | 21,932 |  |  | (103,301) |  |  | 158,020 |
Interest income from external sources |  | 13 |  |  | 878 |  |  | 985 |  |  | 103 |  |  | — |  |  | 1,979 |
Interest income from intersegment sources |  | 2,130 |  |  | 2,393 |  |  | 483 |  |  | — |  |  | (5,006) |  |  | — |
Interest expense from external sources |  | 1,606 |  |  | 2,831 |  |  | 427 |  |  | 2,346 |  |  | — |  |  | 7,210 |
Interest expense from intersegment sources |  | 34 |  |  | 1,286 |  |  | 2,647 |  |  | 298 |  |  | (4,265) |  |  | — |
Provision for income taxes |  | 15,919 |  |  | 22,661 |  |  | 8,006 |  |  | 2,383 |  |  | — |  |  | 48,969 |
Net income (loss) attributable to PriceSmart, Inc. |  | (4,777) |  |  | 127,879 |  |  | 61,025 |  |  | 17,333 |  |  | (103,497) |  |  | 97,963 |
Long-lived assets (other than deferred tax assets) |  | 79,404 |  |  | 490,099 |  |  | 197,030 |  |  | 164,970 |  |  | — |  |  | 931,503 |
Intangibles, net |  | 7,762 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 7,762 |
Goodwill |  | 10,695 |  |  | 24,332 |  |  | 10,068 |  |  | — |  |  | — |  |  | 45,095 |
Investment in unconsolidated affiliates |  | — |  |  | 10,544 |  |  | — |  |  | — |  |  | — |  |  | 10,544 |
Total assets |  | 246,896 |  |  | 795,940 |  |  | 434,428 |  |  | 228,526 |  |  | — |  |  | 1,705,790 |
Capital expenditures, net |  | 9,061 |  |  | 45,524 |  |  | 23,342 |  |  | 28,181 |  |  | — |  |  | 106,108 |
(1)Management considers its club in the U.S. Virgin Islands to be part of its Caribbean operations. (2)The reconciling items reflect the amount eliminated on consolidation of intersegment transactions.

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