SEGMENTS (Tables)

3 Months Ended

Nov. 30, 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 November 30, 2019
Revenue from external customers	$	17,339	$	466,802	$	235,017	$	92,783	$	—	$	811,941
Intersegment revenues		349,950		4,045		1,202		536		(355,733)		—
Depreciation, Property and equipment		1,348		6,882		3,966		2,018		—		14,214
Amortization, Intangibles		599		—		—				—		599
Operating income		2,587		31,700		11,810		4,524		(19,907)		30,714
Net income (loss) attributable to PriceSmart, Inc.		(724)		26,751		10,318		3,271		(19,888)		19,728
Long-lived assets (other than deferred tax assets) ⁽³⁾		84,117		471,366		177,742		143,818		—		877,043
Intangibles, net		11,977		—		—		—		—		11,977
Goodwill		10,695		24,532		10,198		—		—		45,425
Total assets		168,375		754,364		369,575		231,797		—		1,524,111
Capital expenditures, net		629		15,243		4,520		20,834		—		41,226

Three Months Ended November 30, 2018
Revenue from external customers	$	17,339	$	439,806	$	225,009	$	97,483	$	—	$	779,637
Intersegment revenues		350,719		437		1,093		278		(352,527)		—
Depreciation, Property and equipment		1,960		5,870		3,191		2,103		—		13,124
Amortiazation, Intangibles		599		—		—		—		—		599
Operating income (loss)		(1,050)		28,792		12,027		3,416		(18,515)		24,670
Net income (loss) attributable to PriceSmart, Inc.		(3,825)		24,185		9,985		2,815		(18,548)		14,612
Long-lived assets (other than deferred tax assets)⁽³⁾		90,061		320,136		149,823		110,969		—		670,989
Intangibles, net		14,381		—		—		—		—		14,381
Goodwill		11,230		24,726		10,292		—		—		46,248
Total assets		158,591		592,114		346,397		180,141		—		1,277,243
Capital expenditures, net		1,686		22,771		10,495		1,387		—		36,339

As of August 31, 2019
Long-lived assets (other than deferred tax assets)	$	65,278	$	383,665	$	165,584	$	115,838	$	—	$	730,365
Intangibles, net		12,576		—		—		—		—		12,576
Goodwill		11,315		24,593		10,193		—		—		46,101
Total assets		161,583		614,579		340,216		180,033		—		1,296,411

⁽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⁾Effective September 1, 2019, we adopted the requirements of Accounting Standards Update (ASU) 2016-02, "Leases (Topic 842)" (ASC 842) using the modified retrospective approach, under which financial results reported in prior periods were not restated. As a result, the Long-lived assets (other than deferred tax assets) as of November 30, 2019 is not comparable with that as of November 30, 2018 and August 31, 2019.