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SEGMENTS (Tables) | 6 Months Ended
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Feb. 29, 2024
Segment Reporting [Abstract] |
Schedule 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
Three Months Ended February 29, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 8,511 |  |  | $ | 780,314 |  |  | $ | 356,422 |  |  | $ | 146,703 |  |  | $ | — |  |  | $ | 1,291,950 |
Intersegment revenues |  | 435,307 |  |  | 8,462 |  |  | 1,308 |  |  | 1,264 |  |  | (446,341) |  |  | — |
Depreciation, property and equipment |  | 1,383 |  |  | 10,688 |  |  | 4,876 |  |  | 3,544 |  |  | — |  |  | 20,491 |
Operating income |  | 7,896 |  |  | 61,310 |  |  | 26,718 |  |  | 4,592 |  |  | (36,898) |  |  | 63,618 |
Net income |  | 3,092 |  |  | 50,573 |  |  | 21,019 |  |  | 1,485 |  |  | (36,898) |  |  | 39,271 |
Capital expenditures, net |  | 708 |  |  | 51,932 |  |  | 10,338 |  |  | 4,409 |  |  | — |  |  | 67,387 |
Six Months Ended February 29, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 18,520 |  |  | $ | 1,480,881 |  |  | $ | 683,389 |  |  | $ | 275,635 |  |  | $ | — |  |  | $ | 2,458,425 |
Intersegment revenues |  | 881,644 |  |  | 14,554 |  |  | 2,708 |  |  | 2,289 |  |  | (901,195) |  |  | — |
Depreciation, property and equipment |  | 2,707 |  |  | 20,698 |  |  | 9,697 |  |  | 6,883 |  |  | — |  |  | 39,985 |
Operating income |  | 17,845 |  |  | 118,212 |  |  | 50,050 |  |  | 8,209 |  |  | (72,485) |  |  | 121,831 |
Net income |  | 6,417 |  |  | 99,106 |  |  | 40,100 |  |  | 4,180 |  |  | (72,485) |  |  | 77,318 |
Long-lived assets (other than deferred tax assets) |  | 78,907 |  |  | 609,451 |  |  | 214,237 |  |  | 211,251 |  |  | — |  |  | 1,113,846 |
Goodwill |  | 8,981 |  |  | 24,116 |  |  | 10,034 |  |  | — |  |  | — |  |  | 43,131 |
Total assets |  | 223,669 |  |  | 1,088,645 |  |  | 434,125 |  |  | 290,337 |  |  | — |  |  | 2,036,776 |
Capital expenditures, net |  | 3,647 |  |  | 73,272 |  |  | 19,327 |  |  | 8,223 |  |  | — |  |  | 104,469 |
Three Months Ended February 28, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 6,882 |  |  | $ | 694,210 |  |  | $ | 332,306 |  |  | $ | 108,791 |  |  | $ | — |  |  | $ | 1,142,189 |
Intersegment revenues |  | 365,177 |  |  | 6,801 |  |  | 1,137 |  |  | 1,175 |  |  | (374,290) |  |  | — |
Depreciation, property and equipment |  | 1,478 |  |  | 8,925 |  |  | 4,792 |  |  | 2,299 |  |  | — |  |  | 17,494 |
Amortization, Intangibles |  | 381 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 381 |
Operating income (loss) |  | 6,964 |  |  | 56,633 |  |  | 25,474 |  |  | 4,662 |  |  | (39,933) |  |  | 53,800 |
Net income (loss) attributable to PriceSmart, Inc. |  | 1,279 |  |  | 46,442 |  |  | 20,424 |  |  | 3,135 |  |  | (39,933) |  |  | 31,347 |
Capital expenditures, net |  | 3,338 |  |  | 16,067 |  |  | 3,968 |  |  | 5,031 |  |  | — |  |  | 28,404 |
Six Months Ended February 28, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 17,340 |  |  | $ | 1,323,289 |  |  | $ | 639,831 |  |  | $ | 216,535 |  |  | $ | — |  |  | $ | 2,196,995 |
Intersegment revenues |  | 772,817 |  |  | 13,383 |  |  | 2,651 |  |  | 1,880 |  |  | (790,731) |  |  | — |
Depreciation, property and equipment |  | 2,856 |  |  | 17,724 |  |  | 9,423 |  |  | 4,675 |  |  | — |  |  | 34,678 |
Amortization, Intangibles |  | 765 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 765 |
Operating income (loss) |  | 20,556 |  |  | 106,763 |  |  | 49,977 |  |  | 9,530 |  |  | (77,499) |  |  | 109,327 |
Net income (loss) attributable to PriceSmart, Inc. |  | 7,104 |  |  | 88,448 |  |  | 39,708 |  |  | 6,491 |  |  | (77,499) |  |  | 64,252 |
Long-lived assets (other than deferred tax assets) |  | 74,226 |  |  | 524,474 |  |  | 209,684 |  |  | 169,934 |  |  | — |  |  | 978,318 |
Goodwill |  | 8,981 |  |  | 24,149 |  |  | 10,055 |  |  | — |  |  | — |  |  | 43,185 |
Total assets |  | 221,076 |  |  | 959,064 |  |  | 474,637 |  |  | 231,395 |  |  | — |  |  | 1,886,172 |
Capital expenditures, net |  | 8,829 |  |  | 28,311 |  |  | 7,369 |  |  | 9,314 |  |  | — |  |  | 53,823 |
As of August 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
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 |
(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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