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EARNINGS PER SHARE
 12 Months Ended
Aug. 31, 2011
EARNINGS PER SHARE [Abstract]  
EARNINGS PER SHARE
NOTE 5 - EARNINGS PER SHARE
 
The Company presents basic and diluted Income Per Share ("EPS") using the two class method.   The two-class method is an earnings allocation formula that treats a participating security as having rights to earnings that otherwise would have been available to common stockholders and that determines basic income per share  for each class of common stock and participating security according to dividends declared (or accumulated) and participation rights in undistributed earnings that would have been available to common stockholders.   A participating security is defined as a security that may participate in undistributed earnings with common stock.  The Company's capital structure includes securities that participate with common stock on a one for one basis for distribution of dividends.  These are the restricted stock awards and restricted stock units authorized within the 1998, 2001 and 2002 Equity Participation Plans of the Company.  In addition, the Company determines the diluted income per share by excluding the basic weighted average of stock options outstanding from the calculation of diluted net income per share.
 
The following table sets forth the computation of net income per share for the twelve months ended August 31, 2011, 2010 and 2009 (in thousands, except per share amounts):

   
Years Ended August 31,
 
   
2011
   
2010
   
2009
 
Net income from continuing operations attributable to PriceSmart
 $
 61,836
   
$
  49,299
   
$
42,347
 
Less: Earnings and dividends allocated to unvested stockholders
 
  952
     
  870
     
  914
 
Less: Dividend distribution to common stockholders
 
  17,697
     
  14,664
     
14,512
 
Basic undistributed net earnings available to common stockholders from continuing operations attributable to PriceSmart
 $
43,187
   
 $
  33,765
   
 $
26,921
 
Add: Net undistributed earnings allocated and reallocated to unvested stockholders (two-class method) and dividend distribution
 
  17,697
     
  14,664
     
14,514
 
Net earnings available to common stockholders from continuing operations attributable to PriceSmart
 $
 60,884
   
 $
  48,429
   
 $
41,435
 
Net earnings (loss) available to common stockholders from discontinued operations
 $
 (86
)
 
$
  16
   
$
(28
)
 Basic weighted average shares outstanding
 
  29,441
     
  29,254
     
28,959
 
Add dilutive effect of stock options (two-class method)
 
  9
     
  25
     
98
 
Diluted average shares outstanding
 
  29,450
     
  29,279
     
29,057
 
Basic income per share from continuing operations attributable to PriceSmart
 $
 2.07
   
$
  1.66
   
$
1.43
 
Diluted income per share from continuing operations attributable to PriceSmart
 $
 2.07
   
$
  1.65
   
$
1.43
 
Basic income (loss) per share from discontinued operations
 $
 0.00
   
$
  0.00
   
$
0.00
 
Diluted income (loss) per share from discontinued operations
 $
 0.00
   
$
  0.00
   
$
  0.00
 


 
Years Ended August 31,
 
   
2011
     
2010
     
2009
 
Net income attributable to PriceSmart:
                     
Income from continuing operations
$
  61,836
   
$
49,299
   
$
42,347
 
Income (loss) from discontinued operations, net of tax
 
  (86
) 
   
16
     
(28
)
 
$
  61,750
   
$
49,315
   
$
42,319