CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands		3 Months Ended
		Nov. 30, 2021	Nov. 30, 2020
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Net income		$ 30,530	$ 27,817
Less: net income attributable to noncontrolling interest		(19)	(80)
Net income attributable to PriceSmart, Inc.		30,511	27,737
Other Comprehensive Income, net of tax:
Foreign currency translation adjustments	[1]	(8,131)	2,761
Defined benefit pension plan:
Net gain arising during period		17	60
Amortization of prior service cost and actuarial gains included in net periodic pensions cost		34	33
Total defined benefit pension plan		51	93
Derivative instruments:
Unrealized gains/(losses) on change in derivative obligations	[2]	(1,301)	1,230
Unrealized gains/(losses) on change in fair value of interest rate swaps	[2]	3,250	(922)
Total derivative instruments	[2]	1,949	308
Other comprehensive income (loss)		(6,131)	3,162
Comprehensive income		24,380	30,899
Less: comprehensive income attributable to noncontrolling interest		3	31
Comprehensive income attributable to PriceSmart, Inc.		$ 24,377	$ 30,868

[1] Translation adjustments arising in translating the financial statements of a foreign entity have no effect on the income taxes of that foreign entity. They may, however, affect: (a) the amount, measured in the parent entity's reporting currency, of withholding taxes assessed on dividends paid to the parent entity and (b) the amount of taxes assessed on the parent entity by the government of its country. The Company has determined that the reinvestment of earnings of its foreign subsidiaries are indefinite because of the long-term nature of the Company's foreign investment plans. Therefore, deferred taxes are not provided for on translation adjustments related to non-remitted earnings of the Company's foreign subsidiaries.

[2] See Note 8 - Derivative Instruments and Hedging Activities.