SEGMENTS (Tables)

6 Months Ended

Feb. 28, 2019

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 February 28, 2019
Revenue from external customers	$	16,821	$	484,994	$	249,360	$	103,250	$	—	$	854,425
Intersegment revenues		289,699		3,783		1,249		397		(295,128)		—
Depreciation, Property and equipment		1,950		6,003		3,439		2,121		—		13,513
Amortization, Intangibles		593		—		—		—		—		593
Operating income (loss)		4,477		35,574		15,024		3,617		(22,156)		36,536
Net income (loss) attributable to PriceSmart, Inc. (3)		1,596		28,099		13,037		3,289		(22,211)		23,810
Capital expenditures, net		1,930		20,602		5,766		1,351		—		29,649

Six Months Ended February 28, 2019
Revenue from external customers	$	34,160	$	924,800	$	474,369	$	200,733	$	—	$	1,634,062
Intersegment revenues		640,418		4,220		2,342		675		(647,655)		—
Depreciation, Property and equipment		3,910		11,873		6,630		4,224		—		26,637
Amortization, Intangibles		1,192		—		—		—		—		1,192
Operating income		3,427		64,366		27,051		7,033		(40,671)		61,206
Net income (loss) attributable to PriceSmart, Inc. (3)		(2,229)		52,284		23,022		6,104		(40,759)		38,422
Long-lived assets (other than deferred tax assets)		89,594		331,289		151,729		114,258		—		686,870
Intangibles, net		13,788		—		—		—		—		13,788
Goodwill		11,315		24,670		10,278		—		—		46,263
Total assets		149,192		592,121		329,049		187,868				1,258,230
Capital expenditures, net		3,616		43,373		16,261		2,738		—		65,988

Three Months Ended February 28, 2018
Revenue from external customers	$	9,138	$	493,905	$	234,169	$	102,351	$	—	$	839,563
Intersegment revenues		274,061		—		971		119		(275,151)		—
Depreciation and amortization		1,691		5,886		2,732		2,266		—		12,575
Operating income/(loss)		1,146		36,673		13,601		3,161		(17,317)		37,264
Net income/(loss)		(13,825)		30,124		12,456		2,710		(17,317)		14,148
Capital expenditures, net		584		11,191		9,332		1,024		—		22,131

Six Months Ended February 28, 2018
Revenue from external customers	$	17,285	$	946,071	$	448,811	$	194,468	$	—	$	1,606,635
Intersegment revenues		614,189		—		2,178		317		(616,684)		—
Depreciation and amortization		3,435		11,409		5,409		4,559		—		24,812
Operating income		4,237		69,206		25,225		5,209		(33,447)		70,430
Net income		(14,390)		57,512		22,926		4,037		(33,447)		36,638
Capital expenditures, net		1,588		22,561		19,629		1,856		—		45,634
Long-lived assets (other than deferred tax assets)		68,597		308,085		136,589		126,914		—		640,185
Goodwill		—		30,926		4,547		—		—		35,473
Total assets		129,623		552,343		320,848		188,910		—		1,191,724

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 technology, talent and cross-border logistics infrastructure that operated a marketplace and casillero business. Investments in the technology, talent and infrastructure to expand our omni-channel capabilities, together with the operating results from the marketplace and casillero business, negatively impacted Net income attributable to PriceSmart, Inc. by $4.2 million for the quarter and $8.1 million for the six months ended February 28, 2019. Management considers this business to be part of its United States operations.