ACQUISITION (Tables)

3 Months Ended

Nov. 30, 2018

Acquisition [Abstract]

Summary of the Total Purchase Consideration

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

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

	Three Months Ended
	November 30,
	2017
Pro forma total revenues	$	776,375
Pro forma net income attributable to PriceSmart, Inc. (1)	$	18,652
Pro forma net income attributable to noncontrolling interest	$	61

⁽¹⁾ Includes the pro forma recognition of $750,000 post-combination compensation expense, which represents three months of continued service amortization required to satisfy the $3.9 million remaining purchase price contingency, and $599,000 for the amortization of intangible assets for three months.

Results of Operations

	Three Months Ended
	November 30,
	2018		2017
Total revenue	$	9,150	$	N/A
Net loss from Aeropost and the costs of the Company's omni-channel development initiatives	$	(3,895)	$	N/A