STOCKHOLDERS' EQUITY

9 Months Ended

May 31, 2016

STOCKHOLDERS' EQUITY [Abstract]

STOCKHOLDERS' EQUITY

NOTE 5 – STOCKHOLDERS’ EQUITY

Dividends

The following table summarizes the dividends declared and paid during fiscal year 2016 and 2015:

First Payment

Second Payment

Declared

Amount

Record Date

Date Paid

Date Payable

Amount

Record Date

Date Paid

Date Payable

Amount

2/3/2016

$

0.70

2/15/2016

2/29/2016

N/A

$

0.35

8/15/2016

N/A

8/31/2016

$

0.35

2/4/2015

$

0.70

2/13/2015

2/27/2015

N/A

$

0.35

8/14/2015

8/31/2015

N/A

$

0.35

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 tables disclose the effects of each component of other comprehensive income (loss), net of tax (in thousands):

	Nine Months Ended May 31, 2016
	Foreign currency translation adjustments		Defined benefit pension plans			Derivative Instruments		Total
Beginning balance, September 1, 2015	$	(100,540)	$	(113)		$	(859)	$	(101,512)
Other comprehensive income (loss)		(4,383)		—			(522)		(4,905)
Amounts reclassified from accumulated other comprehensive income (loss)		—		(14)	(2)		—		(14)
Ending balance, May 31, 2016	$	(104,923)	$	(127)		$	(1,381)	$	(106,431)

	Nine Months Ended May 31, 2015
	Foreign currency translation adjustments		Defined benefit pension plans			Derivative Instruments		Total
Beginning balance, September 1, 2014	$	(50,410)	$	113		$	1,011	$	(49,286)
Other comprehensive income (loss)		(24,241)		—			3,506		(20,735)
Amounts reclassified from accumulated other comprehensive income (loss)		—		(35)	(2)		—		(35)
Ending balance, May 31, 2015	$	(74,651)	$	78		$	4,517	$	(70,056)

	Twelve Months Ended August 31, 2015
	Foreign currency translation adjustments		Defined benefit pension plans			Derivative Instruments			Total
Beginning balance, September 1, 2014	$	(50,410)	$	113		$	1,011		$	(49,286)
Other comprehensive income (loss)		(50,130)		65			(1,770)			(51,835)
Amounts reclassified from accumulated other comprehensive income (loss)		—		(291)	(2)		(100)	(1)(3)		(391)
Ending balance, August 31, 2015	$	(100,540)	$	(113)		$	(859)		$	(101,512)

⁽¹⁾ See Note 9 - 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):

	May 31,		August 31,
	2016		2015
Retained earnings not available for distribution	$	5,816	$	5,479