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EARNINGS PER SHARE (Schedule of the Computation of Net Income Per Share) (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ 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
EARNINGS PER SHARE [Abstract]                              
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
Less: Allocation of income to unvested stockholders                         (842) (721) (897)
Net income attributable to PriceSmart, Inc. per share available for distribution                         $ 77,267 $ 72,470 $ 73,431
Basic weighted average shares outstanding                         30,259 30,195 30,115
Diluted average shares outstanding                         30,259 30,195 30,115
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
[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.