ACQUISITION (Tables)

9 Months Ended

May 31, 2018

Summary of the Total Purchase Consideration


	May 31,
	2018
Estimated consideration on the acquisition date	$	30,046
Estimated assumed net debt at acquisition date		(1,093)
Total cash consideration		28,953
Post-combination compensation expense, net of claims		(3,850)
Business acquisition, net assets acquired	$	25,103
Cash acquired		1,208
Business acquisition, net of cash acquired	$	23,895

Components of the Preliminary Purchase Price Allocation


	May 31,
	2018
Current assets	$	4,196
Other non-current assets		746
Property, plant and equipment		2,059
Intangible assets		16,100
Goodwill		16,033
Total assets acquired	$	39,134
Current liabilities		(5,862)
Non-current liabilities		(7,607)	(1)
Noncontrolling interest		(562)
Net assets acquired	$	25,103

Schedule of Intangible Assets Acquired


	Amortization		Fair value of
	Period		Assets Acquired
Trade name	25 years	$	5,100
Developed technology	5 years		11,000
Total assets acquired		$	16,100

Pro Forma Financial Information


		Nine Months Ended
		2018		2017
Pro forma total revenues	$	2,410,581	$	2,296,135
Pro forma net income attributable to PriceSmart, Inc. (1)	$	46,202	$	64,163
Pro forma net income attributable to noncontrolling interest	$	415	$	187
Total revenue included in the Consolidated Statement of Income since acquisition	$	7,835		N/A
Net income/(loss) included in the Consolidated Statement of Income since acquisition	$	(2,290)		N/A

⁽¹⁾

Includes the pro forma recognition of $2.2 million of post-combination compensation expense, which represents completion of nine of the fifteen months of continued service required to satisfy the $3.8 million remaining purchase price contingency, and $1.3 million for the amortization of intangible assets for the nine months ended May 31, 2018.