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QUARTERLY FINANCIAL INFORMATION (Schedule of Quarterly Financial Information) (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Aug. 31, 2020
May 31, 2020
Feb. 29, 2020
Nov. 30, 2019
Aug. 31, 2019
May 31, 2019
Feb. 28, 2019
Nov. 30, 2018
Aug. 31, 2018
May 31, 2018
Feb. 28, 2018
Nov. 30, 2017
Aug. 31, 2020
Aug. 31, 2019
Aug. 31, 2018
QUARTERLY FINANCIAL INFORMATION (UNAUDITED) [Abstract]                              
Total revenues $ 810,581 $ 799,931 $ 906,735 $ 811,941 $ 801,300 $ 788,556 $ 854,425 $ 779,637 $ 777,866 $ 782,201 $ 839,563 $ 767,072 $ 3,329,188 $ 3,223,918 $ 3,166,702
Total cost of goods sold 670,902 672,756 756,174 674,946 663,766 661,887 716,858 653,180 650,801 652,694 708,040 644,985 2,774,778 2,695,691 2,656,520
Net income attributable to PriceSmart, Inc. $ 20,076 $ 12,705 $ 25,600 [1] $ 19,728 $ 20,673 $ 14,096 $ 23,810 $ 14,612 $ 18,996 $ 18,694 $ 14,148 [1] $ 22,490 $ 78,109 $ 73,191 $ 74,328
Basic net income per share $ 0.65 $ 0.41 $ 0.85 $ 0.64 $ 0.67 $ 0.46 $ 0.79 $ 0.48 $ 0.62 $ 0.61 $ 0.47 $ 0.74 $ 2.55 $ 2.40 $ 2.44
Diluted net income per share $ 0.65 $ 0.41 $ 0.85 $ 0.64 $ 0.67 $ 0.46 $ 0.79 $ 0.48 $ 0.62 $ 0.61 $ 0.47 $ 0.74 $ 2.55 $ 2.40 $ 2.44
Provisional tax estimate                 $ 12,500   $ 13,400        
[1] In the second quarter of fiscal 2018, the Company recorded its provisional tax estimate of $13.4 million as a result of the U.S. Tax Reform Transition Tax. The Company finalized its calculation of this Transition Tax in the fourth quarter of fiscal 2018, reducing it to approximately $12.5 million.