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STOCKHOLDERS' EQUITY (Tables) | 3 Months Ended
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Nov. 30, 2023
Equity [Abstract] |
Schedule of Dividends | The following table summarizes the dividends declared and paid during fiscal year 2023 (amounts are per share):
|  |  |  | First Payment |  | Second Payment
Declared |  | Amount |  | Record Date |  | Date Paid |  |  |  | Amount |  | Record Date |  | Date Paid |  |  |  | Amount
2/3/2023 |  | $ | 0.92 |  |  | 2/16/2023 |  | 2/28/2023 |  |  |  | $ | 0.46 |  |  | 8/15/2023 |  | 8/31/2023 |  |  |  | $ | 0.46 |
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):
|  |  |  |  | Amount
Beginning balance, September 1, 2023 |  |  |  |  | $ | (163,992) |
Foreign currency translation adjustments |  |  |  |  | 3,537 |
Defined benefit pension plans (1) |  |  |  |  | 121 |
Derivative instruments (2) |  |  |  |  | (78) |
Ending balance, November 30, 2023 |  |  |  |  | $ | (160,412) |
|  |  |  |  | Amount
Beginning balance, September 1, 2022 |  |  |  |  | $ | (195,586) |
Foreign currency translation adjustments |  |  |  |  | (885) |
Defined benefit pension plans (1) |  |  |  |  | 9 |
Derivative instruments (2) |  |  |  |  | 325 |
Ending balance, November 30, 2022 |  |  |  |  | $ | (196,137) |
|  |  |  |  | Amount
Beginning balance, September 1, 2022 |  |  |  |  | $ | (195,586) |
Foreign currency translation adjustments |  |  |  |  | 33,708 |
Defined benefit pension plans (1) |  |  |  |  | (1,819) |
Derivative instruments (2) |  |  |  |  | (443) |
Amounts reclassified from accumulated other comprehensive loss |  |  |  |  | 148 |
Ending balance, August 31, 2023 |  |  |  |  | $ | (163,992) |
(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):
| November 30, 2023 |  | August 31, 2023
Retained earnings not available for distribution | $ | 9,266 |  |  | $ | 9,110 |
Schedule of Class of Treasury Stock | Share repurchase activity under the Company’s repurchase programs for the periods indicated was as follows (total cost in thousands):
| Three Months Ended
| November 30, 2023 |  | November 30, 2022
Number of common shares acquired | 935,663 |  |  | — |
Average price per common share acquired | $ | 74.13 |  |  | $ | — |
Total cost of common shares acquired | $ | 69,362 |  |  | $ | — |

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