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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Nov. 30, 2018
Aug. 31, 2018
Current Assets:    
Cash and cash equivalents $ 81,047 $ 93,460
Short-term restricted cash 4,164 405
Short-term investments 25,986 32,304
Receivables, net of allowance for doubtful accounts of $104 as of November 30, 2018 and $97 as of August 31, 2018, respectively 9,830 8,859
Merchandise inventories 380,079 321,025
Prepaid expenses and other current assets 33,642 31,800
Total current assets 534,748 487,853
Long-term restricted cash 3,175 3,049
Property and equipment, net 605,612 594,403
Goodwill 46,248 46,329
Other intangibles, net 14,381 14,980
Deferred tax assets 10,877 10,166
Other non-current assets (includes $4,885 and $4,364 as of November 30, 2018 and August 31, 2018, respectively, for the fair value of derivative instruments) 51,468 48,854
Investment in unconsolidated affiliates 10,734 10,758
Total Assets 1,277,243 1,216,392
Current Liabilities:    
Accounts payable 312,390 255,739
Accrued salaries and benefits 21,733 22,836
Deferred income 22,584 23,018
Income taxes payable 2,211 4,636
Other accrued expenses 32,267 28,281
Long-term debt, current portion 19,376 14,855
Total current liabilities 410,561 349,365
Deferred tax liability 1,923 1,894
Long-term portion of deferred rent 8,817 8,885
Long-term income taxes payable, net of current portion 4,610 4,622
Long-term debt, net of current portion 79,877 87,720
Other long-term liabilities (includes $392 and $502 for the fair value of derivative instruments and $4,962 and $4,715 for post-employment plans as of November 30, 2018 and August 31, 2018, respectively) 5,371 5,268
Total Liabilities 511,159 457,754
Stockholders' Equity:    
Common stock, $0.0001 par value, 45,000,000 shares authorized; 31,405,023 and 31,372,752 shares issued and 30,492,624 and 30,460,353 shares outstanding (net of treasury shares) as of November 30, 2018 and August 31, 2018, respectively 3 3
Additional paid-in capital 438,928 432,882
Tax benefit from stock-based compensation 11,486 11,486
Accumulated other comprehensive loss (134,462) (121,216)
Retained earnings 488,566 473,954
Less: treasury stock at cost, 912,399 shares as of both November 30, 2018 and August 31, 2018 (39,107) (39,107)
Total stockholders' equity attributable to PriceSmart, Inc. stockholders 765,414 758,002
Noncontrolling interest in consolidated subsidiaries 670 636
Total stockholders' equity 766,084 758,638
Total Liabilities and Equity $ 1,277,243 $ 1,216,392