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STOCKHOLDERS EQUITY
 12 Months Ended
Aug. 31, 2015
Equity [Abstract]  
STOCKHOLDERS EQUITY
STOCKHOLDERS’ EQUITY
 
Dividends

The following table summarizes the dividends declared and paid during fiscal years 2015, 2014 and 2013.

 
 
 
 
First Payment
 
Second Payment
Declared
 
Amount
 
Record Date
 
Date Paid
 
Amount
 
Record Date
 
Date Paid
 
Amount
2/4/15
 
$
0.70

 
2/13/15
 
2/27/15
 
$
0.35

 
8/14/15
 
8/31/15
 
$
0.35

1/23/14
 
$
0.70

 
2/14/14
 
2/28/14
 
$
0.35

 
8/15/14
 
8/29/14
 
$
0.35

11/27/12
 
$
0.60

 
12/10/12
 
12/21/12
 
$
0.30

 
8/15/13
 
8/30/13
 
$
0.30



The Company anticipates the ongoing payment of semi-annual dividends in subsequent periods, although the actual declaration of future dividends, the amount of such dividends, and the establishment of record and payment dates is subject to final determination by the Board of Directors at its discretion after its review of the Company’s financial performance and anticipated capital requirements.

Comprehensive Income and Accumulated Other Comprehensive Loss

The following table discloses the changes in each component of other comprehensive income (loss), net of tax (in thousands):
 
 
Foreign currency translation adjustments
 
Defined benefit pension plan
 
Derivative Instruments
 
Total
(Amounts in thousands and net of income taxes)
 
 
 
 
 
 
 
 
Balances as of August 31, 2012
 
$
(31,962
)
 
$
(74
)
 
$
(1,146
)
 
$
(33,182
)
Other comprehensive income (loss)
 
(10,359
)
 
(68
)
 
2,144

(1) 
(8,283
)
Amounts reclassified from accumulated other comprehensive income (loss)
 
—

 
(10
)
(2) 
—

 
(10
)
Balances as of August 31, 2013
 
(42,321
)
 
(152
)
 
998

 
(41,475
)
Other comprehensive income (loss)
 
(8,089
)
 
260

 
101

(1) 
(7,728
)
Amounts reclassified from accumulated other comprehensive income (loss)
 
—

 
5

(2) 
(88
)
(1)(3) 
(83
)
Balances as of August 31, 2014
 
$
(50,410
)
 
$
113

 
$
1,011

 
$
(49,286
)
Other comprehensive income (loss)
 
(48,863
)
 
65

 
(3,037
)
(1) 
(51,835
)
Amounts reclassified from accumulated other comprehensive income (loss)
 
—

 
(291
)
(2) 
(100
)
(1)(3) 
(391
)
Balances as of August 31, 2015
 
$
(99,273
)
 
$
(113
)
 
$
(2,126
)
 
$
(101,512
)


(1)
See Note 12 - Derivative Instruments and Hedging Activities.
(2) 
Amounts reclassified from accumulated other comprehensive income (loss) related to the minimum pension liability are included in warehouse club operations in the Company's Consolidated Statements of Income.
(3) 
Amounts reclassified from accumulated other comprehensive income (loss) for settlement of derivative instruments are included in other income (expense), net in the Company's Consolidated Statements of Income.
        
Retained Earnings Not Available for Distribution

The following table summarizes retained earnings designated as legal reserves of various subsidiaries which cannot be distributed as dividends to PriceSmart, Inc. according to applicable statutory regulations (in thousands):
 
August 31, 2015
 
August 31, 2014
Retained earnings not available for distribution
$
5,015

 
$
4,556