The Company and its subsidiaries are principally engaged in the international operation of membership shopping in 45 warehouse clubs located in 12 countries and one U.S. territory that are located in Central America, the Caribbean and Colombia. In addition, the Company operates distribution centers and corporate offices in the United States. The Company has aggregated its warehouse clubs, distribution centers and corporate offices into reportable segments. The Company’s reportable segments are based on management’s organization of these locations into operating segments by general geographic location, used by management and the Company's chief operating decision maker in setting up management lines of responsibility, providing support services, and making operational decisions and assessments of financial performance. Segment amounts are presented after converting to U.S. dollars and consolidating eliminations. Certain revenues, operating costs and inter-company charges included in the United States segment are not allocated to the segments within this presentation, as it is impractical to do so, and they appear as reconciling items to reflect the amount eliminated on consolidation of intersegment transactions. From time to time, the Company revises the measurement of each segment's operating income and net income, including certain corporate overhead allocations, and other measures as determined by the information regularly reviewed by the Company's chief operating decision maker. When the Company does so, the previous period amounts and balances are reclassified to conform to the current period's presentation.

The following tables summarize by segment certain revenues, operating costs and balance sheet items (in thousands):



	United ‎States ‎Operations		Central ‎American ‎Operations		Caribbean ‎Operations⁽¹⁾		Colombia Operations		Reconciling ‎Items⁽²⁾		Total
Three Months Ended February 29, 2020
Revenue from external customers	$	18,848	$	522,607	$	261,683	$	103,597		—	$	906,735
Intersegment revenues		287,362		3,909		860		547		(292,678)		—
Depreciation, Property and equipment		1,338		7,568		3,826		1,844		—		14,576
Amortization, Intangibles		599		—		—		—		—		599
Operating income (loss)		1,928		37,667		15,079		5,400		(21,265)		38,809
Net income (loss) attributable to PriceSmart, Inc.		(841)		30,339		13,810		3,666		(21,374)		25,600
Capital expenditures, net		3,489		18,128		7,230		4,465		—		33,312

Six Months Ended February 29, 2020
Revenue from external customers	$	36,187	$	989,409	$	496,700	$	196,380	$	—	$	1,718,676
Intersegment revenues		637,312		7,954		2,079		1,083		(648,428)		—
Depreciation, Property and equipment		2,687		14,450		7,792		3,861		—		28,790
Amortization, Intangibles		1,198		—		—		—		—		1,198
Operating income		4,516		69,367		26,889		9,924		(41,173)		69,523
Net income (loss) attributable to PriceSmart, Inc.		(1,564)		57,091		24,129		6,937		(41,265)		45,328
Long-lived assets (other than deferred tax assets) ⁽³⁾		86,306		477,195		187,641		145,981		—		897,123
Intangibles, net		11,378		—		—		—		—		11,378
Goodwill		10,695		24,522		10,196		—		—		45,413
Total assets		157,116		723,673		390,000		227,503		—		1,498,292
Capital expenditures, net		4,118		33,371		11,750		25,299		—		74,538

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
Amortiazation, 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.		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.		(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

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 February 29, 2020 is not comparable with that as of February 28, 2019 and August 31, 2019.