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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
May 31, 2022
May 31, 2021
May 31, 2022
May 31, 2021
Revenues:        
Net merchandise sales $ 999,011 $ 857,478 $ 2,954,950 $ 2,594,251
Export sales 13,396 10,213 32,604 30,800
Membership income 15,440 14,329 45,302 41,427
Other revenue and income 2,963 13,244 11,867 43,787
Total revenues 1,030,810 895,264 3,044,723 2,710,265
Cost of goods sold:        
Net merchandise sales 856,812 720,726 2,503,638 2,179,453
Export sales 12,805 9,820 31,087 29,568
Non-merchandise   5,755 1,809 17,847
Selling, general and administrative:        
Warehouse club and other operations 96,081 89,322 281,270 264,603
General and administrative 30,887 33,225 96,531 92,016
Pre-opening expenses 306 1 1,406 651
Loss on disposal of assets 157 366 881 568
Total operating expenses 997,048 859,215 2,916,622 2,584,706
Operating income 33,762 36,049 128,101 125,559
Other income (expense):        
Interest income 473 518 1,540 1,454
Interest expense (2,796) (1,596) (6,824) (5,857)
Other expense, net (2,423) (2,295) (1,833) (4,132)
Total other expense (4,746) (3,373) (7,117) (8,535)
Income before provision for income taxes and loss of unconsolidated affiliates 29,016 32,676 120,984 117,024
Provision for income taxes (9,776) (10,082) (39,729) (38,265)
Gain (loss) of unconsolidated affiliates 18 (13) (6) (34)
Net income 19,258 22,581 81,249 78,725
Less: net income attributable to noncontrolling interest (52) (19) (223)
Net income attributable to PriceSmart, Inc. $ 19,258 $ 22,529 $ 81,230 $ 78,502
Net income attributable to PriceSmart, Inc. per share available for distribution:        
Basic $ 0.62 $ 0.73 $ 2.63 $ 2.55
Diluted $ 0.62 $ 0.73 $ 2.63 $ 2.55
Shares used in per share computations:        
Basic 30,615 30,414 30,582 30,396
Diluted 30,629 30,446 30,588 30,423