XML 25 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Feb. 29, 2012
Feb. 28, 2011
Feb. 29, 2012
Feb. 28, 2011
Revenues:        
Net warehouse club sales $ 537,816 $ 440,263 $ 1,006,145 $ 817,595
Export sales 3,459 1,872 5,708 3,280
Membership income 6,393 5,576 12,724 11,001
Other income 2,165 1,906 3,941 3,813
Total revenues 549,833 449,617 1,028,518 835,689
Cost of goods sold:        
Net warehouse club 459,313 375,027 859,794 693,215
Export 3,292 1,758 5,453 3,102
Selling, general and administrative:        
Warehouse club operations 46,384 37,239 88,893 72,373
General and administrative 10,508 8,874 19,619 17,684
Pre-opening expenses (1) (15) 161 388
Total operating expenses 519,496 422,883 973,920 786,762
Operating income 30,337 26,734 54,598 48,927
Other income (expense):        
Interest income 205 239 389 367
Interest expense (1,317) (1,071) (2,571) (2,028)
Other income (expense), net 832 194 (437) 526
Total other expense (280) (638) (2,619) (1,135)
Income from continuing operations before provision for income taxes and loss of unconsolidated affiliates 30,057 26,096 51,979 47,792
Provision for income taxes (9,843) (8,049) (17,776) (14,894)
Income (loss) of unconsolidated affiliates 3 (37) 10 (42)
Income from continuing operations 20,217 18,010 34,213 32,856
Income (loss) from discontinued operations, net of tax 3 (93) (4) (86)
Net income $ 20,220 $ 17,917 $ 34,209 $ 32,770
Net income per share attributable to PriceSmart and available for distribution:        
Basic net income per share from continuing operations (in dollars per share) $ 0.67 $ 0.60 $ 1.14 $ 1.11
Basic net income (loss) per share from discontinued operations, net of tax (in dollars per share) $ 0.00 $ 0.00 $ 0.00 $ 0.00
Basic net income per share (in dollars per share) $ 0.67 $ 0.60 $ 1.14 $ 1.11
Diluted net income per share from continuing operations (in dollars per share) $ 0.67 $ 0.60 $ 1.14 $ 1.11
Diluted net income (loss) per share from discontinued operations, net of tax (in dollars per share) $ 0.00 $ 0.00 $ 0.00 $ 0.00
Diluted net income per share (in dollars per share) $ 0.67 $ 0.60 $ 1.14 $ 1.11
Shares used in per share computations:        
Basic (in shares) 29,541 29,414 29,522 29,385
Diluted (in shares) 29,553 29,423 29,535 29,392
Dividends per share (in dollars per share) $ 0.60 $ 0.60 $ 0.60 $ 0.60