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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Nov. 30, 2019
Aug. 31, 2019
Current Assets:    
Cash and cash equivalents $ 111,359 $ 102,653
Short-term restricted cash 65 54
Short-term investments 25,098 17,045
Receivables, net of allowance for doubtful accounts of $125 as of November 30, 2019 and $144 as of August 31, 2019, respectively 10,293 9,872
Merchandise inventories 388,072 331,273
Prepaid expenses and other current assets (includes $2,747 and $2,736 as of November 30, 2019 and August 31, 2019, respectively, for the fair value of derivative instruments) 36,990 30,999
Total current assets 571,877 491,896
Long-term restricted cash 3,689 3,529
Property and equipment, net 693,275 671,151
Operating lease right-of-use assets, net 118,203  
Goodwill 45,425 46,101
Other intangibles, net 11,977 12,576
Deferred tax assets 17,790 15,474
Other non-current assets (includes $436 and $0 as of November 30, 2019 and August 31, 2019, respectively, for the fair value of derivative instruments) 51,226 44,987
Investment in unconsolidated affiliates 10,649 10,697
Total Assets 1,524,111 1,296,411
Current Liabilities:    
Short-term borrowings 23,018 7,540
Accounts payable 328,585 286,219
Accrued salaries and benefits 24,131 25,401
Deferred income 25,147 25,340
Income taxes payable 6,640 4,637
Other accrued expenses and other current liabilities (includes $127 and $0 as of November 30, 2019 and August 31, 2019, respectively, for the fair value of foreign currency forward contracts) 40,519 32,442
Operating lease liabilities, current portion 8,310  
Long-term debt, current portion 13,726 25,875
Total current liabilities 470,076 407,454
Deferred tax liability 1,829 2,015
Long-term portion of deferred rent   11,198
Long-term income taxes payable, net of current portion 5,346 5,069
Long-term operating lease liabilities 121,698  
Long-term debt, net of current portion 98,084 63,711
Other long-term liabilities (includes $3,259 and $2,910 for the fair value of derivative instruments and $5,675 and $5,421 for post-employment plans as of November 30, 2019 and August 31, 2019, respectively) 9,306 8,685
Total Liabilities 706,339 498,132
Stockholders' Equity:    
Common stock, $0.0001 par value, 45,000,000 shares authorized; 31,474,818 and 31,461,359 shares issued and 30,612,511 and 30,538,788 shares outstanding (net of treasury shares) as of November 30, 2019 and August 31, 2019, respectively 3 3
Additional paid-in capital 440,756 443,084
Tax benefit from stock-based compensation 11,486 11,486
Accumulated other comprehensive loss (147,524) (144,339)
Retained earnings 545,532 525,804
Less: treasury stock at cost, 862,307 shares as of November 30, 2019 and 924,332 shares as of August 31, 2019 (33,424) (38,687)
Total stockholders' equity attributable to PriceSmart, Inc. stockholders 816,829 797,351
Noncontrolling interest in consolidated subsidiaries 943 928
Total stockholders' equity 817,772 798,279
Total Liabilities and Equity $ 1,524,111 $ 1,296,411