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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Nov. 30, 2020
Aug. 31, 2020
Current Assets:    
Cash and cash equivalents $ 207,955 $ 299,481
Short-term restricted cash 185 185
Short-term investments 73,980 46,509
Receivables, net of allowance for doubtful accounts of $157 as of November 30, 2020 and $147 as of August 31, 2020, respectively 15,150 13,153
Merchandise inventories 373,178 309,509
Prepaid expenses and other current assets 40,103 30,165
Total current assets 710,551 699,002
Long-term restricted cash 4,255 4,105
Property and equipment, net 700,837 692,279
Operating lease right-of-use assets, net 119,316 119,533
Goodwill 45,123 45,206
Other intangibles, net 9,566 10,166
Deferred tax assets 20,246 21,672
Other non-current assets (includes $144 and $872 as of November 30, 2020 and August 31, 2020, respectively, for the fair value of derivative instruments) 57,508 54,260
Investment in unconsolidated affiliates 10,593 10,602
Total Assets 1,677,995 1,656,825
Current Liabilities:    
Short-term borrowings 47,349 65,143
Accounts payable 384,086 373,172
Accrued salaries and benefits 28,630 32,946
Deferred income 25,125 23,525
Income taxes payable 9,559 7,727
Other accrued expenses and other current liabilities 35,228 37,731
Operating lease liabilities, current portion 8,649 8,594
Long-term debt, current portion 19,771 19,437
Total current liabilities 558,397 568,275
Deferred tax liability 1,401 1,713
Long-term income taxes payable, net of current portion 5,243 5,132
Long-term operating lease liabilities 124,383 124,181
Long-term debt, net of current portion 108,104 112,610
Other long-term liabilities (includes $5,321 and $4,685 for the fair value of derivative instruments and $6,313 and $6,155 for post-employment plans as of November 30, 2020 and August 31, 2020, respectively) 13,176 12,182
Total Liabilities 810,704 824,093
Stockholders' Equity:    
Common stock $0.0001 par value, 45,000,000 shares authorized; 31,395,847 and 31,417,576 shares issued and 30,738,334 and 30,670,712 shares outstanding (net of treasury shares) as of November 30, 2020 and August 31, 2020, respectively 3 3
Additional paid-in capital 450,666 454,455
Accumulated other comprehensive loss (173,658) (176,820)
Retained earnings 610,224 582,487
Less: treasury stock at cost, 657,513 shares as of November 30, 2020 and 746,864 shares as of August 31, 2020 (21,068) (28,406)
Total stockholders' equity attributable to PriceSmart, Inc. stockholders 866,167 831,719
Noncontrolling interest in consolidated subsidiaries 1,124 1,013
Total stockholders' equity 867,291 832,732
Total Liabilities and Equity $ 1,677,995 $ 1,656,825