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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Feb. 29, 2020
Aug. 31, 2019
Current Assets:    
Cash and cash equivalents $ 132,845 $ 102,653
Short-term restricted cash 93 54
Short-term investments 30,448 17,045
Receivables, net of allowance for doubtful accounts of $125 as of February 29, 2020 and $144 as of August 31, 2019, respectively 10,905 9,872
Merchandise inventories 323,022 331,273
Prepaid expenses and other current assets (includes $0 and $2,736 as of February 29, 2020 and August 31, 2019, respectively, for the fair value of derivative instruments) 28,242 30,999
Total current assets 525,555 491,896
Long-term restricted cash 3,831 3,529
Property and equipment, net 706,848 671,151
Operating lease right-of-use assets, net 123,231  
Goodwill 45,413 46,101
Other intangibles, net 11,378 12,576
Deferred tax assets 18,823 15,474
Other non-current assets (includes $241 and $0 as of February 29, 2020 and August 31, 2019, respectively, for the fair value of derivative instruments) 52,578 44,987
Investment in unconsolidated affiliates 10,635 10,697
Total Assets 1,498,292 1,296,411
Current Liabilities:    
Short-term borrowings 3,579 7,540
Accounts payable 281,098 286,219
Accrued salaries and benefits 25,118 25,401
Deferred income 27,084 25,340
Income taxes payable 7,773 4,637
Other accrued expenses and other current liabilities (includes $45 and $0 as of February 29, 2020 and August 31, 2019, respectively, for the fair value of derivative instruments) 41,824 32,442
Operating lease liabilities, current portion 8,402  
Dividends payable 10,719  
Long-term debt, current portion 16,247 25,875
Total current liabilities 421,844 407,454
Deferred tax liability 1,718 2,015
Long-term portion of deferred rent   11,198
Long-term income taxes payable, net of current portion 4,784 5,069
Long-term operating lease liabilities 127,042  
Long-term debt, net of current portion 113,879 63,711
Other long-term liabilities (includes $3,920 and $2,910 for the fair value of derivative instruments and $5,828 and $5,421 for post-employment plans as of February 29, 2020 and August 31, 2019, respectively) 10,158 8,685
Total Liabilities 679,425 498,132
Stockholders' Equity:    
Common stock $0.0001 par value, 45,000,000 shares authorized; 31,450,817 and 31,461,359 shares issued and 30,599,058 and 30,538,788 shares outstanding (net of treasury shares) as of February 29, 2020 and August 31, 2019, respectively 3 3
Additional paid-in capital 441,372 443,084
Tax benefit from stock-based compensation 11,486 11,486
Accumulated other comprehensive loss (152,573) (144,339)
Retained earnings 549,703 525,804
Less: treasury stock at cost, 851,759 shares as of February 29, 2020 and 924,332 shares as of August 31, 2019 (32,098) (38,687)
Total stockholders' equity attributable to PriceSmart, Inc. stockholders 817,893 797,351
Noncontrolling interest in consolidated subsidiaries 974 928
Total stockholders' equity 818,867 798,279
Total Liabilities and Equity $ 1,498,292 $ 1,296,411