XML 39 R28.htm IDEA: XBRL DOCUMENT
v3.24.2

SEGMENTS (Tables) | 9 Months Ended
--- | ---
May 31, 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 May 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 11,587 |  |  | $ | 744,626 |  |  | $ | 333,219 |  |  | $ | 139,996 |  |  | $ | — |  |  | $ | 1,229,428 |
Intersegment revenues |  | 430,236 |  |  | 8,777 |  |  | 1,597 |  |  | 1,415 |  |  | (442,025) |  |  | — |
Depreciation, property and equipment |  | 1,470 |  |  | 11,036 |  |  | 4,967 |  |  | 3,656 |  |  | — |  |  | 21,129 |
Operating income |  | 1,636 |  |  | 54,874 |  |  | 22,915 |  |  | 3,289 |  |  | (32,805) |  |  | 49,909 |
Net income (loss) |  | (2,097) |  |  | 47,588 |  |  | 18,707 |  |  | 1,096 |  |  | (32,805) |  |  | 32,489 |
Capital expenditures, net |  | 5,515 |  |  | 17,216 |  |  | 10,270 |  |  | 2,511 |  |  | — |  |  | 35,512 |
Nine Months Ended May 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 30,107 |  |  | $ | 2,225,507 |  |  | $ | 1,016,608 |  |  | $ | 415,631 |  |  | $ | — |  |  | $ | 3,687,853 |
Intersegment revenues |  | 1,311,880 |  |  | 23,331 |  |  | 4,305 |  |  | 3,704 |  |  | (1,343,220) |  |  | — |
Depreciation, property and equipment |  | 4,177 |  |  | 31,734 |  |  | 14,664 |  |  | 10,539 |  |  | — |  |  | 61,114 |
Operating income |  | 19,481 |  |  | 173,086 |  |  | 72,965 |  |  | 11,498 |  |  | (105,290) |  |  | 171,740 |
Net income |  | 4,320 |  |  | 146,694 |  |  | 58,807 |  |  | 5,276 |  |  | (105,290) |  |  | 109,807 |
Long-lived assets (other than deferred tax assets) |  | 82,727 |  |  | 605,453 |  |  | 220,308 |  |  | 214,959 |  |  | — |  |  | 1,123,447 |
Goodwill |  | 8,982 |  |  | 24,159 |  |  | 10,041 |  |  | — |  |  | — |  |  | 43,182 |
Total assets |  | 222,690 |  |  | 1,060,211 |  |  | 438,578 |  |  | 299,219 |  |  | — |  |  | 2,020,698 |
Capital expenditures, net |  | 9,162 |  |  | 90,488 |  |  | 29,597 |  |  | 10,734 |  |  | — |  |  | 139,981 |
Three Months Ended May 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 6,347 |  |  | $ | 669,691 |  |  | $ | 316,201 |  |  | $ | 104,415 |  |  | $ | — |  |  | $ | 1,096,654 |
Intersegment revenues |  | 368,675 |  |  | 7,343 |  |  | 1,527 |  |  | 1,318 |  |  | (378,863) |  |  | — |
Depreciation, property and equipment |  | 1,302 |  |  | 9,349 |  |  | 4,793 |  |  | 2,377 |  |  | — |  |  | 17,821 |
Operating income (loss) |  | 4,066 |  |  | 46,023 |  |  | 21,184 |  |  | 2,961 |  |  | (31,182) |  |  | 43,052 |
Net income (loss) attributable to PriceSmart, Inc. |  | 2,336 |  |  | 38,715 |  |  | 17,091 |  |  | 2,612 |  |  | (31,182) |  |  | 29,572 |
Capital expenditures, net |  | — |  |  | 24,384 |  |  | 6,850 |  |  | 12,423 |  |  | — |  |  | 43,657 |
Nine Months Ended May 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 23,687 |  |  | $ | 1,992,980 |  |  | $ | 956,032 |  |  | $ | 320,950 |  |  | $ | — |  |  | $ | 3,293,649 |
Intersegment revenues |  | 1,141,492 |  |  | 20,726 |  |  | 4,178 |  |  | 3,198 |  |  | (1,169,594) |  |  | — |
Depreciation, property and equipment |  | 4,158 |  |  | 27,073 |  |  | 14,216 |  |  | 7,052 |  |  | — |  |  | 52,499 |
Amortization, Intangibles |  | 765 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 765 |
Operating income (loss) |  | 24,622 |  |  | 152,786 |  |  | 71,161 |  |  | 12,491 |  |  | (108,681) |  |  | 152,379 |
Net income (loss) attributable to PriceSmart, Inc. |  | 9,440 |  |  | 127,163 |  |  | 56,799 |  |  | 9,103 |  |  | (108,681) |  |  | 93,824 |
Long-lived assets (other than deferred tax assets) |  | 70,733 |  |  | 543,410 |  |  | 212,112 |  |  | 188,471 |  |  | — |  |  | 1,014,726 |
Goodwill |  | 8,981 |  |  | 24,127 |  |  | 10,044 |  |  | — |  |  | — |  |  | 43,152 |
Total assets |  | 242,003 |  |  | 963,929 |  |  | 471,817 |  |  | 255,597 |  |  | — |  |  | 1,933,346 |
Capital expenditures, net |  | 8,829 |  |  | 52,695 |  |  | 14,219 |  |  | 21,737 |  |  | — |  |  | 97,480 |
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.

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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