XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
May 31, 2018
May 31, 2017
May 31, 2018
May 31, 2017
Revenues:        
Net merchandise sales $ 750,473 $ 710,699 $ 2,312,447 $ 2,199,051
Export sales 9,967 6,475 27,252 25,381
Membership income 12,852 12,038 37,930 35,581
Other revenue and income 8,909 1,046 11,207 3,113
Total revenues 782,201 730,258 2,388,836 2,263,126
Cost of goods sold:        
Net merchandise sales 641,249 611,455 1,977,840 1,879,747
Export sales 9,466 6,143 25,900 24,085
Non-merchandise 1,979   1,979  
Selling, general and administrative:        
Warehouse club and other operations 76,259 67,754 217,712 200,964
General and administrative 24,079 16,907 63,167 51,921
Pre-opening expenses 352 9 863 (104)
Asset impairment     1,929  
Loss/(gain) on disposal of assets 388 364 587 1,106
Total operating expenses 753,772 702,632 2,289,977 2,157,719
Operating income 28,429 27,626 98,859 105,407
Other income (expense):        
Interest income 370 392 1,138 1,443
Interest expense (1,362) (1,828) (3,609) (5,126)
Other income (expense), net (575) 1,101 (87) 1,088
Total other income (expense) (1,567) (335) (2,558) (2,595)
Income before provision for income taxes and income (loss) of unconsolidated affiliates 26,862 27,291 96,301 102,812
Provision for income taxes (8,128) (8,459) (40,950) (31,885)
Income (loss) of unconsolidated affiliates (18) 6 3 (1)
Net income 18,716 18,838 55,354 70,926
Less: net income (loss) attributable to noncontrolling interest 22   22  
Net income attributable to PriceSmart, Inc. $ 18,694 $ 18,838 $ 55,332 $ 70,926
Net income attributable to PriceSmart Inc. per share available for distribution:        
Basic $ 0.61 $ 0.62 $ 1.82 $ 2.34
Diluted $ 0.61 $ 0.62 $ 1.82 $ 2.34
Shares used in per share computations:        
Basic 30,137 30,043 30,105 30,010
Diluted 30,137 30,045 30,105 30,014
Dividends per share $ 0.70 $ 0.70