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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
May 31, 2020
May 31, 2019
May 31, 2020
May 31, 2019
Revenues:        
Net merchandise sales $ 768,368 $ 755,009 $ 2,418,822 $ 2,322,742
Export sales 8,321 8,281 25,029 23,314
Membership income 13,525 13,132 41,364 38,717
Other revenue and income 9,717 12,134 33,392 37,845
Total revenues 799,931 788,556 2,518,607 2,422,618
Cost of goods sold:        
Net merchandise sales 661,258 649,894 2,067,416 1,996,595
Export sales 7,995 7,872 24,044 22,136
Non-merchandise 3,503 4,121 12,416 13,194
Selling, general and administrative:        
Warehouse club and other operations 78,431 78,231 241,826 228,161
General and administrative 24,408 24,532 77,910 76,835
Pre-opening expenses 257 1,647 1,254 1,759
Loss on disposal of assets 112 262 251 735
Total operating expenses 775,964 766,559 2,425,117 2,339,415
Operating income 23,967 21,997 93,490 83,203
Other income (expense):        
Interest income 554 310 1,433 1,124
Interest expense (2,564) (915) (5,116) (2,949)
Other income (expense), net (1,564) 159 (1,826) (2,032)
Total other expense (3,574) (446) (5,509) (3,857)
Income before provision for income taxes and loss of unconsolidated affiliates 20,393 21,551 87,981 79,346
Provision for income taxes (7,744) (7,478) (29,849) (26,721)
Loss of unconsolidated affiliates (16) (4) (79) (48)
Net income 12,633 14,069 58,053 52,577
Less: net (income) loss attributable to noncontrolling interest 72 27 (20) (59)
Net income attributable to PriceSmart, Inc. $ 12,705 $ 14,096 $ 58,033 $ 52,518
Net income attributable to PriceSmart Inc, per share available for distribution:        
Basic $ 0.41 $ 0.46 $ 1.90 $ 1.73
Diluted $ 0.41 $ 0.46 $ 1.90 $ 1.73
Shares used in per share computations:        
Basic 30,271 30,198 30,268 30,192
Diluted 30,275 30,205 30,273 30,202
Dividends per share $ 0.70 $ 0.70