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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Feb. 28, 2019
Aug. 31, 2018
Current Assets:    
Cash and cash equivalents $ 90,261 $ 93,460
Short-term restricted cash 4,464 405
Short-term investments 23,501 32,304
Receivables, net of allowance for doubtful accounts of $120 as of February 28, 2019 and $97 as of August 31, 2018, respectively 10,500 8,859
Merchandise inventories 334,899 321,025
Prepaid expenses and other current assets 35,898 31,800
Total current assets 499,523 487,853
Long-term restricted cash 3,352 3,049
Property and equipment, net 626,279 594,403
Goodwill 46,263 46,329
Other intangibles, net 13,788 14,980
Deferred tax assets 11,786 10,166
Other non-current assets (includes $3,611 and $4,364 as of February 28, 2019 and August 31, 2018, respectively, for the fair value of derivative instruments) 46,525 48,854
Investment in unconsolidated affiliates 10,714 10,758
Total Assets 1,258,230 1,216,392
Current Liabilities:    
Accounts payable 274,311 255,739
Accrued salaries and benefits 20,219 22,836
Deferred income 24,725 23,018
Income taxes payable 3,793 4,636
Other accrued expenses 32,652 28,281
Dividends payable 10,672  
Long-term debt, current portion 26,193 14,855
Total current liabilities 392,565 349,365
Deferred tax liability 2,078 1,894
Long-term portion of deferred rent 9,061 8,885
Long-term income taxes payable, net of current portion 5,081 4,622
Long-term debt, net of current portion 69,793 87,720
Other long-term liabilities (includes $610 and $502 for the fair value of derivative instruments and $5,151 and $4,715 for post-employment plans as of February 28, 2019 and August 31, 2018, respectively) 6,062 5,268
Total Liabilities 484,640 457,754
Stockholders' Equity:    
Common stock, $0.0001 par value, 45,000,000 shares authorized; 31,447,055 and 31,372,752 shares issued and 30,495,712 and 30,460,353 shares outstanding (net of treasury shares) as of February 28, 2019 and August 31, 2018, respectively 3 3
Additional paid-in capital 442,273 432,882
Tax benefit from stock-based compensation 11,486 11,486
Accumulated other comprehensive loss (130,110) (121,216)
Retained earnings 491,032 473,954
Less: treasury stock at cost, 951,343 shares as of February 28, 2019 and 912,399 shares as of August 31, 2018 (41,524) (39,107)
Total stockholders' equity attributable to PriceSmart, Inc. stockholders 773,160 758,002
Noncontrolling interest in consolidated subsidiaries 430 636
Total stockholders' equity 773,590 758,638
Total Liabilities and Equity $ 1,258,230 $ 1,216,392