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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Nov. 30, 2021
Aug. 31, 2021
Current Assets:    
Cash and cash equivalents $ 176,072 $ 202,060
Short-term restricted cash 4,165 3,647
Short-term investments 39,201 50,233
Receivables, net of allowance for doubtful accounts of $42 as of November 30, 2021 and $94 as of August 31, 2021, respectively 15,572 12,359
Merchandise inventories 500,767 389,711
Prepaid expenses and other current assets (included $1,717 and $0 as of November 30, 2021 and August 31, 2021, respectively, for the fair value of derivative instruments) 46,639 39,194
Total current assets 782,416 697,204
Long-term restricted cash 12,363 9,772
Property and equipment, net 733,219 730,204
Operating lease right-of-use assets, net 117,754 123,655
Goodwill 43,332 45,095
Other intangibles, net 1,922 7,762
Deferred tax assets 23,922 24,225
Other non-current assets (includes $4,412 and $2,464 as of November 30, 2021 and August 31, 2021, respectively, for the fair value of derivative instruments) 63,851 57,329
Investment in unconsolidated affiliates 10,534 10,544
Total Assets 1,789,313 1,705,790
Current Liabilities:    
Short-term borrowings 4,986  
Accounts payable 461,046 388,791
Accrued salaries and benefits 30,221 41,896
Deferred income 28,128 26,898
Income taxes payable 6,955 8,310
Other accrued expenses and other current liabilities 39,204 39,736
Operating lease liabilities, current portion 6,771 8,526
Long-term debt, current portion 16,843 19,395
Total current liabilities 594,154 533,552
Deferred tax liability 1,631 1,568
Long-term income taxes payable, net of current portion 6,039 4,160
Long-term operating lease liabilities 125,046 129,256
Long-term debt, net of current portion 110,601 110,110
Other long-term liabilities (includes $2,097 and $3,010 for the fair value of derivative instruments and $7,599 and $7,380 for post-employment plans as of November 30, 2021 and August 31, 2021, respectively) 9,696 10,930
Total Liabilities 847,167 789,576
Stockholders' Equity:    
Common stock $0.0001 par value, 45,000,000 shares authorized; 31,598,389 and 31,467,971 shares issued and 30,862,489 and 30,755,308 shares outstanding (net of treasury shares) as of November 30, 2021 and August 31, 2021, respectively 3 3
Additional paid-in capital 469,170 465,015
Accumulated other comprehensive loss (188,639) (182,508)
Retained earnings 689,430 658,919
Less: treasury stock at cost, 735,900 shares as of November 30, 2021 and 712,663 shares as of August 31, 2021 (27,818) (26,084)
Total stockholders' equity attributable to PriceSmart, Inc. stockholders 942,146 915,345
Noncontrolling interest in consolidated subsidiaries   869
Total Stockholders' Equity 942,146 916,214
Total Liabilities and Equity $ 1,789,313 $ 1,705,790