SEGMENTS (Tables)

3 Months Ended

Nov. 30, 2018

Summary of Segment Revenues, Operating Costs and Balance Sheet Items



	United States Operations		Central American Operations		Caribbean Operations (1)		Colombia Operations		Reconciling Items(2)		Total
Three Months Ended November 30, 2018
Revenue from external customers	$	17,339	$	439,806	$	225,009	$	97,483	$	—	$	779,637
Intersegment revenues		350,719		437		1,093		278		(352,527)		—
Depreciation, Property and equipment		1,960		5,870		3,191		2,103		—		13,124
Amortization, Intangibles		599		—		—		—		—		599
Operating income (loss)		(1,050)		28,792		12,027		3,416		(18,515)		24,670
Net income (loss) attributable to PriceSmart, Inc. (3)		(3,825)		24,185		9,985		2,815		(18,548)		14,612
Long-lived assets (other than deferred tax assets)		90,061		320,136		149,823		110,969		—		670,989
Intangibles, net		14,381		—		—		—		—		14,381
Goodwill		11,230		24,726		10,292		—		—		46,248
Total assets		158,591		592,114		346,397		180,141		—		1,277,243
Capital expenditures, net		1,686		22,771		10,495		1,387		—		36,339

Three Months Ended November 30, 2017
Revenue from external customers	$	8,147	$	452,166	$	214,642	$	92,117	$	—	$	767,072
Intersegment revenues		340,128		—		1,207		198		(341,533)		—
Depreciation and amortization		1,744		5,523		2,677		2,293		—		12,237
Operating income		3,739		31,942		11,470		2,145		(16,130)		33,166
Net income		82		26,796		10,317		1,425		(16,130)		22,490
Capital expenditures, net		1,004		11,370		10,297		832		—		23,503
Long-lived assets (other than deferred tax assets)		70,352		304,434		130,896		121,629		—		627,311
Goodwill		—		31,014		4,564		—		—		35,578
Total assets		121,674		580,523		334,279		186,352		—		1,222,828

As of August 31, 2018
Long-lived assets (other than deferred tax assets)		67,650		320,612		150,516		118,284		—		657,062
Intangibles, net		14,980		—		—		—		—		14,980
Goodwill		11,230		30,646		4,453		—		—		46,329
Total assets		186,174		536,756		310,411		183,051		—		1,216,392

⁽¹⁾

Management considers its club in the U.S. Virgin Islands to be part of its Caribbean operations.

⁽²⁾

The reconciling items reflect the amount eliminated on consolidation of intersegment transactions.

⁽³⁾

In March 2018, the Company acquired Aeropost, Inc. During the three months ended November 30, 2018, the consolidated net income attributable to PriceSmart Inc. contained approximately $3.9 million costs associated with Aeropost and omni-channel development initiatives.