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, 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 November 30, 2022
Revenue from external customers	$	10,458	$	629,079	$	307,525	$	107,744	$	—	$	1,054,806
Intersegment revenues		407,640		6,582		1,514		705		(416,441)		—
Depreciation, Property and equipment		1,378		8,799		4,631		2,376		—		17,184
Amortization, Intangibles		384		—		—		—		—		384
Operating income (loss)		13,592		50,130		24,503		4,868		(37,566)		55,527
Net income (loss) attributable to PriceSmart, Inc.		5,825		42,006		19,284		3,356		(37,566)		32,905
Long-lived assets (other than deferred tax assets)		73,083		509,961		213,963		167,027		—		964,034
Goodwill		8,981		24,142		10,050		—		—		43,173
Total assets		238,551		924,049		492,744		232,576		—		1,887,920
Capital expenditures, net		5,491		12,244		3,401		4,283		—		25,419

Three Months Ended November 30, 2021
Revenue from external customers	$	13,423	$	572,065	$	272,487	$	117,381	$	—	$	975,356
Intersegment revenues		414,342		4,998		1,443		822		(421,605)		—
Depreciation, Property and equipment		465		8,300		4,018		2,364		—		15,147
Amortization, Intangibles		456		—		—		—		—		456
Operating income (loss)		6,257		43,379		19,878		6,378		(29,875)		46,017
Net income (loss) attributable to PriceSmart, Inc.		3,373		35,900		16,450		4,682		(29,894)		30,511
Long-lived assets (other than deferred tax assets)		73,321		495,517		203,042		167,762		—		939,642
Goodwill		8,981		24,313		10,038		—		—		43,332
Total assets		212,371		867,868		460,381		248,693		—		1,789,313
Capital expenditures, net		1,909		12,690		7,073		12,383		—		34,055

As of August 31, 2022
Long-lived assets (other than deferred tax assets)	$	71,743	$	498,204	$	218,021	$	175,194	$	—	$	963,162
Goodwill		8,981		24,250		10,072		—		—		43,303
Investment in unconsolidated affiliates		—		10,534		—		—		—		10,534
Total assets		230,411		867,898		474,411		235,680		—		1,808,400

⁽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.