ACQUISITION (Tables)

6 Months Ended

Feb. 28, 2019

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		(3,754)
Business acquisition, net assets acquired	$	25,199
Cash acquired		1,208
Business acquisition, net of cash acquired	$	23,991

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		11,411
Deferred tax assets, long-term		4,078
Total assets acquired	$	38,590
Current liabilities		(5,862)
Non-current liabilities		(6,967)
Noncontrolling interest		(562)
Net assets acquired	$	25,199

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		Six Months Ended
	February 28,		February 28,
	2018		2018
Pro forma total revenues	$	850,629	$	1,627,004
Pro forma net income attributable to PriceSmart, Inc. (1)	$	10,900	$	30,018
Pro forma net income attributable to noncontrolling interest	$	231	$	292

⁽¹⁾ Includes the pro forma recognition of $720,000 and $1.5 million post-combination compensation expense, which represents three and six months of continued service amortization required to satisfy the $3.8 million remaining purchase price contingency.

Results of Operations

	Three Months Ended				Six Months Ended
	February 28,		February 28,		February 28,		February 28,
	2019		2018		2019		2018
Total revenue	$	9,977	$	N/A	$	19,127	$	N/A
Net loss (net of tax benefits)	$	(4,201)	$	N/A	$	(8,096)	$	N/A