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SUBSEQUENT EVENTS
3 Months Ended
Nov. 30, 2013
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS

The Company has evaluated all events subsequent to the balance sheet date of November 30, 2013 through the date of issuance of these consolidated financial statements and have determined that, except as set forth below, there are no subsequent events that require disclosure.
     
Forward foreign exchange contracts entered into after November 30, 2013
 
The Company's Colombia subsidiary has entered into forward exchange contracts for approximately $8.0 million with settlement dates from December 2013 through January 2014.

Property Acquisition for New Warehouse Club in Colombia

On January 8, 2014, PriceSmart Inc. acquired approximately 128,600 usable square feet of land in the southern area of Pereira, Colombia, upon which the Company plans to construct a new warehouse club that is currently planned to open in November 2014. This additional club will be the fourth PriceSmart warehouse club operating in Colombia.