STOCKHOLDERS' EQUITY

6 Months Ended

Feb. 28, 2017

STOCKHOLDERS' EQUITY [Abstract]

STOCKHOLDERS' EQUITY

NOTE 4 – STOCKHOLDERS’ EQUITY

Dividends

The following table summarizes the dividends declared and paid during fiscal years 2017 and 2016 (amounts are per share).

First Payment

Second Payment

Declared

Amount

Record Date

Date Paid

Date Payable

Amount

Record Date

Date Paid

Date Payable

Amount

2/1/2017

$

0.70

2/15/2017

2/28/2017

N/A

$

0.35

8/15/2017

N/A

8/31/2017

$

0.35

2/3/2016

$

0.70

2/15/2016

2/29/2016

N/A

$

0.35

8/15/2016

8/31/2016

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):

	Six Months Ended February 28, 2017
	Foreign currency translation adjustments		Defined benefit pension plans			Derivative Instruments			Total
Beginning balance, September 1, 2016	$	(102,242)	$	(315)		$	(1,394)	(1)	$	(103,951)
Other comprehensive income (loss)		(1,629)		—			783			(846)
Amounts reclassified from accumulated other comprehensive income (loss)		—		(14)	(2)		—			(14)
Ending balance, February 28, 2017	$	(103,871)	$	(329)		$	(611)		$	(104,811)

	Six Months Ended February 29, 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)		(10,892)		—			(331)	(1)		(11,223)
Amounts reclassified from accumulated other comprehensive income (loss)		—		(8)	(2)		—			(8)
Ending balance, February 29, 2016	$	(111,432)	$	(121)		$	(1,190)		$	(112,743)

	Twelve Months Ended August 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)		(1,702)		(182)			(535)	(1)		(2,419)
Amounts reclassified from accumulated other comprehensive income (loss)		—		(20)	(2)		—			(20)
Ending balance, August 31, 2016	$	(102,242)	$	(315)		$	(1,394)		$	(103,951)

⁽¹⁾ See Note 7 - 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.

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):

	February 28,		August 31,
	2017		2016
Retained earnings not available for distribution	$	6,213	$	5,926