ACQUISITION (Tables)

12 Months Ended

Aug. 31, 2018

Summary of the Total Purchase Consideration


	August 31,
	2018
Estimated consideration on the acquisition date	$	30,046
Estimated assumed net liabilities 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


	August 31,
	2018
Current assets	$	4,196
Other non-current assets		746
Property, plant and equipment		2,059
Intangible assets		16,100
Goodwill		11,230
Deferred tax assets, long-term		4,163
Total assets acquired	$	38,494
Current liabilities		(5,862)
Non-current liabilities		(6,967)
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


		Twelve Months Ended
		2018		2017		2016
Pro forma total revenues	$	3,197,307	$	3,040,168	$	2,946,083
Pro forma net income attributable to PriceSmart, Inc. (1)	$	67,734	$	82,587	$	80,852
Pro forma net income attributable to noncontrolling interest	$	444	$	248	$	(20)

⁽¹⁾

Includes the pro forma recognition of $3.0 million of post-combination compensation expense, which represents completion of twelve of the fifteen months of continued service required to satisfy the $3.9 million remaining purchase price contingency, and $2.1 million for the amortization of intangible assets for the twelve months ended August 31, 2018.

Results of Operations


		Twelve Months Ended
		2018	2017	2016
Total revenue included in the Consolidated Statement of Income since acquisition	$	16,863	N/A	N/A
Net (Loss) from Aeropost Operations, net of tax benefit (1)	$	(6,901)	N/A	N/A

⁽¹⁾

Does not include approximately $3.4 million of Aeropost-related costs for asset impairment and pre-acquisition costs.