The Company and its subsidiaries are principally engaged in the international operation of membership shopping in 50 warehouse clubs located in 12 countries and one U.S. territory that are located in Central America, the Caribbean and Colombia. In addition, the Company operates distribution centers and corporate offices in the United States. The Company has aggregated its warehouse clubs, distribution centers and corporate offices into reportable segments. The Company’s reportable segments are based on management’s organization of these locations into operating segments by general geographic location, which are used by management and the Company's chief operating decision maker in setting up management lines of responsibility, providing support services, and making operational decisions and assessments of financial performance. Segment amounts are presented after converting to U.S. dollars and consolidating eliminations. Certain revenues, operating costs and inter-company charges included in the United States segment are not allocated to the segments within this presentation, as it is impractical to do so, and they appear as reconciling items to reflect the amount eliminated on consolidation of intersegment transactions. From time to time, the Company revises the measurement of each segment's operating income and net income, including certain corporate overhead allocations, and other measures as determined by the information regularly reviewed by the Company's chief operating decision maker. When the Company does so, the previous period amounts and balances are reclassified to conform to the current period's presentation.

The following tables summarize by segment certain revenues, operating costs and balance sheet items (in thousands):



	United ‎States ‎Operations		Central ‎American ‎Operations		Caribbean ‎Operations⁽¹⁾		Colombia Operations		Reconciling ‎Items⁽²⁾		Total
Three Months Ended May 31, 2022
Revenue from external customers	$	13,396	$	599,132	$	294,785	$	123,497	$	—	$	1,030,810
Intersegment revenues		351,404		6,223		1,706		1,388		(360,721)		—
Depreciation, Property and equipment		1,355		8,688		4,408		2,718		—		17,169
Amortization, Intangibles		388		—		—		—		—		388
Operating income (loss)		2,821		39,458		19,163		4,652		(32,332)		33,762
Net income (loss) attributable to PriceSmart, Inc.		(442)		34,011		14,903		3,118		(32,332)		19,258
Capital expenditures, net		197		11,851		10,695		8,439		—		31,182

Nine Months Ended May 31, 2022
Revenue from external customers	$	36,102	$	1,785,017	$	860,953	$	362,651	$	—	$	3,044,723
Intersegment revenues		1,138,283		16,251		4,483		2,989		(1,162,006)		—
Depreciation, Property and equipment		3,361		25,586		12,449		7,638		—		49,034
Amortization, Intangibles		1,224		—		—		—		—		1,224
Operating income (loss)		17,377		128,889		60,796		17,154		(96,115)		128,101
Net income (loss) attributable to PriceSmart, Inc.		6,106		108,661		48,977		13,620		(96,134)		81,230
Long-lived assets (other than deferred tax assets)		70,322		494,086		218,365		186,630		—		969,403
Intangibles, net		1,153		—		—		—		—		1,153
Goodwill		8,982		24,316		10,049		—		—		43,347
Total assets		201,571		844,844		478,008		267,340		—		1,791,763
Capital expenditures, net		3,404		37,902		32,742		24,524		—		98,572

Three Months Ended May 31, 2021
Revenue from external customers	$	21,237	$	531,595	$	243,468	$	98,964	$	—	$	895,264
Intersegment revenues		309,261		4,305		1,228		434		(315,228)		—
Depreciation, Property and equipment		1,666		7,990		3,920		2,403		—		15,979
Amortization, Intangibles		606		—		—		—		—		606
Operating income (loss)		545		38,313		17,240		5,135		(25,184)		36,049
Net income (loss) attributable to PriceSmart, Inc.		(2,388)		32,700		13,524		3,929		(25,236)		22,529
Capital expenditures, net		3,334		8,724		6,486		4,870		—		23,414

Nine Months Ended May 31, 2021
Revenue from external customers	$	67,622	$	1,567,287	$	762,153	$	313,203	$	—	$	2,710,265
Intersegment revenues		955,619		12,842		3,498		2,413		(974,372)		—
Depreciation, Property and equipment		5,115		23,367		11,570		6,500		—		46,552
Amortization, Intangibles		1,798		—		—		—		—		1,798
Operating income (loss)		8,315		113,120		59,600		17,139		(72,615)		125,559
Net income (loss) attributable to PriceSmart, Inc.		(4,306)		94,247		48,175		13,224		(72,838)		78,502
Long-lived assets (other than deferred tax assets)		79,178		484,039		189,873		163,266		—		916,356
Intangibles, net		8,368		—		—		—		—		8,368
Goodwill		10,695		24,359		10,088		—		—		45,142
Total assets		202,770		777,703		427,078		224,404		—		1,631,955
Capital expenditures, net		6,052		30,334		14,748		20,416		—		71,550

As of August 31, 2021
Long-lived assets (other than deferred tax assets)	$	79,404	$	490,099	$	197,030	$	164,970	$	—	$	931,503
Intangibles, net		7,762		—		—		—		—		7,762
Goodwill		10,695		24,332		10,068		—		—		45,095
Total assets		246,896		795,940		434,428		228,526		—		1,705,790

⁽¹⁾Management considers its club in the U.S. Virgin Islands to be part of its Caribbean operations.

⁽²⁾The reconciling items reflect the amount eliminated on consolidation of intersegment transactions.