XML 34 R22.htm IDEA: XBRL DOCUMENT
v3.23.1

STOCKHOLDERS' EQUITY (Tables) | 6 Months Ended
--- | ---
Feb. 28, 2023
Equity [Abstract] |
Schedule of Dividends | The following table summarizes the dividends declared and paid during fiscal year 2023 and 2022 (amounts are per share):
|  |  |  | First Payment |  | Second Payment
Declared |  | Amount |  | Record Date |  | Date Paid |  | Date Payable |  | Amount |  | Record Date |  | Date Paid |  | Date Payable |  | Amount
2/3/2023 |  | $ | 0.92 |  |  | 2/16/2023 |  | 2/28/2023 |  | N/A |  | $ | 0.46 |  |  | 8/15/2023 |  | N/A |  | 8/31/2023 |  | $ | 0.46 |
2/3/2022 |  | $ | 0.86 |  |  | 2/15/2022 |  | 2/28/2022 |  | N/A |  | $ | 0.43 |  |  | 8/15/2022 |  | 8/31/2022 |  | N/A |  | $ | 0.43 |
Schedule of Components of Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss | The following tables disclose the effects on accumulated other comprehensive loss of each component of other comprehensive income (loss), net of tax (in thousands):
| Attributable to PriceSmart |  | Noncontrolling Interests |  | Total
Beginning balance, September 1, 2022 | $ | (195,586) |  |  | $ | — |  |  | $ | (195,586) |
Foreign currency translation adjustments | 11,314 |  |  | — |  |  | 11,314 |
Defined benefit pension plans (1) | 15 |  |  | — |  |  | 15 |
Derivative instruments (2) | 554 |  |  | — |  |  | 554 |
Ending balance, February 28, 2023 | $ | (183,703) |  |  | $ | — |  |  | $ | (183,703) |
| Attributable to PriceSmart |  | Noncontrolling Interests |  | Total
Beginning balance, September 1, 2021 | $ | (182,508) |  |  | $ | 251 |  |  | $ | (182,257) |
Foreign currency translation adjustments | (5,718) |  |  | 3 |  |  | (5,715) |
Defined benefit pension plans (1) | 101 |  |  | — |  |  | 101 |
Derivative instruments (2) | 3,712 |  |  | — |  |  | 3,712 |
Sale of Aeropost | — |  |  | (254) |  |  | (254) |
Ending balance, February 28, 2022 | $ | (184,413) |  |  | $ | — |  |  | $ | (184,413) |
| Attributable to PriceSmart |  | Noncontrolling Interests |  | Total
Beginning balance, September 1, 2021 | $ | (182,508) |  |  | $ | 251 |  |  | $ | (182,257) |
Foreign currency translation adjustments | (19,034) |  |  | 3 |  |  | (19,031) |
Defined benefit pension plans (1) | (341) |  |  | — |  |  | (341) |
Derivative instruments (2) | 6,170 |  |  | — |  |  | 6,170 |
Amounts reclassified from accumulated other comprehensive loss | 127 |  |  | — |  |  | 127 |
Sale of Aeropost | — |  |  | $ | (254) |  |  | (254) |
Ending balance, August 31, 2022 | $ | (195,586) |  |  | $ | — |  |  | $ | (195,586) |
(1)Amounts reclassified from accumulated other comprehensive income (loss) related to the minimum pension liability are included in warehouse club and other operations in the Company's consolidated statements of income. (2)Refer to Note 8 - Derivative Instruments and Hedging Activities.
Schedule of Retained Earnings Not Available for Distribution | The following table summarizes retained earnings designated as legal reserves of various subsidiaries which cannot be distributed as dividends to PriceSmart, Inc. according to applicable statutory regulations (in thousands):
| February 28, 2023 |  | August 31, 2022
Retained earnings not available for distribution | $ | 8,971 |  |  | $ | 8,648 |

X
- Definition Retained earnings not available for distribution [Table Text Block] + References No definition available. + Details
Name: | psmt_RetainedEarningsNotAvailableForDistributionTableTextBlock
Namespace Prefix: | psmt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669686-108580 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all or some of the information related to dividends declared, but not paid, as of the financial reporting date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=126999549&loc=d3e4304-108586 + Details
Name: | us-gaap_ScheduleOfDividendsPayableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration