XML 18 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Aug. 31, 2020
Aug. 31, 2019
Aug. 31, 2018
Revenues:      
Net merchandise sales $ 3,191,762 $ 3,091,648 $ 3,053,754
Export sales 34,374 30,981 40,581
Membership income 54,501 52,149 50,821
Other revenue and income 48,551 49,140 21,546
Total revenues 3,329,188 3,223,918 3,166,702
Cost of goods sold:      
Net merchandise sales 2,723,942 2,648,665 2,610,111
Export sales 32,676 29,524 38,740
Non-merchandise 18,160 17,502 7,669
Selling, general and administrative:      
Warehouse club and other operations 323,178 307,823 291,488
General and administrative 106,776 101,432 88,461
Pre-opening expenses 1,545 2,726 913
Asset impairment     1,929
Loss on disposal of assets 443 1,079 1,339
Total operating expenses 3,206,720 3,108,751 3,040,650
Operating income 122,468 115,167 126,052
Other income (expense):      
Interest income 2,031 1,489 1,415
Interest expense (7,625) (3,939) (5,071)
Other income (expense), net (834) (1,607) 192
Total other expense (6,428) (4,057) (3,464)
Income before provision for income taxes and loss of unconsolidated affiliates 116,040 111,110 122,588
Provision for income taxes (37,764) (37,560) (48,177)
Loss of unconsolidated affiliates (95) (61) (8)
Net income 78,181 73,489 74,403
Less: net income attributable to noncontrolling interest (72) (298) (75)
Net income attributable to PriceSmart, Inc. $ 78,109 $ 73,191 $ 74,328
Net income attributable to PriceSmart Inc, per share available for distribution:      
Basic $ 2.55 $ 2.40 $ 2.44
Diluted $ 2.55 $ 2.40 $ 2.44
Shares used in per share computations:      
Basic 30,259 30,195 30,115
Diluted 30,259 30,195 30,115
Dividends per share $ 0.70 $ 0.70 $ 0.70