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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Nov. 30, 2018
Nov. 30, 2017
Revenues:    
Net merchandise sales $ 747,443 $ 745,401
Export sales 8,189 8,147
Membership income 12,740 12,375
Other revenue and income 11,265 1,149
Total revenues 779,637 767,072
Cost of goods sold:    
Net merchandise sales 641,155 637,236
Export sales 7,778 7,749
Non-merchandise 4,247  
Selling, general and administrative:    
Warehouse club and other operations 74,222 69,502
General and administrative 27,335 18,830
Pre-opening expenses 15 430
Loss/(gain) on disposal of assets 215 159
Total operating expenses 754,967 733,906
Operating income 24,670 33,166
Other income (expense):    
Interest income 391 400
Interest expense (1,033) (1,255)
Other income (expense), net (1,819) 278
Total other income (expense) (2,461) (577)
Income before provision for income taxes and income (loss) of unconsolidated affiliates 22,209 32,589
Provision for income taxes (7,540) (10,115)
Income (loss) of unconsolidated affiliates (24) 16
Net income 14,645 22,490
Less: (net income) loss attributable to noncontrolling interest (33)  
Net income attributable to PriceSmart, Inc. $ 14,612 [1] $ 22,490
Net income attributable to PriceSmart Inc. per share available for distribution:    
Basic $ 0.48 $ 0.74
Diluted $ 0.48 $ 0.74
Shares used in per share computations:    
Basic 30,172 30,078
Diluted 30,189 30,079
[1] 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.