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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Feb. 29, 2020
Feb. 28, 2019
Feb. 29, 2020
Feb. 28, 2019
Revenues:        
Net merchandise sales $ 871,726 $ 820,290 $ 1,650,454 $ 1,567,733
Export sales 8,434 6,844 16,708 15,033
Membership income 14,093 12,845 27,839 25,585
Other revenue and income 12,482 14,446 23,675 25,711
Total revenues 906,735 854,425 1,718,676 1,634,062
Cost of goods sold:        
Net merchandise sales 743,434 705,546 1,406,158 1,346,701
Export sales 8,078 6,486 16,049 14,264
Non-merchandise 4,662 4,826 8,913 9,073
Selling, general and administrative:        
Warehouse club and other operations 84,022 75,708 163,395 149,930
General and administrative 27,618 24,968 53,502 52,303
Pre-opening expenses 44 97 997 112
Loss on disposal of assets 68 258 139 473
Total operating expenses 867,926 817,889 1,649,153 1,572,856
Operating income 38,809 36,536 69,523 61,206
Other income (expense):        
Interest income 586 423 879 814
Interest expense (1,690) (1,001) (2,552) (2,034)
Other income (expense), net 723 (372) (262) (2,191)
Total other expense 381 950 1,935 3,411
Income before provision for income taxes and loss of unconsolidated affiliates 38,428 35,586 67,588 57,795
Provision for income taxes (12,702) (11,703) (22,105) (19,243)
Loss of unconsolidated affiliates (15) (20) (63) (44)
Net income 25,711 23,863 45,420 38,508
Less: net income attributable to noncontrolling interest (111) (53) (92) (86)
Net income attributable to PriceSmart, Inc. $ 25,600 $ 23,810 $ 45,328 $ 38,422
Net income attributable to PriceSmart Inc, per share available for distribution:        
Basic $ 0.85 $ 0.79 $ 1.49 $ 1.27
Diluted $ 0.85 $ 0.79 $ 1.49 $ 1.27
Shares used in per share computations:        
Basic 30,255 30,206 30,266 30,189
Diluted 30,258 30,211 30,271 30,200
Dividends per share $ 0.70 $ 0.70 $ 0.70 $ 0.70