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EARNINGS PER SHARE (Tables)
 12 Months Ended
Aug. 31, 2012
Earnings Per Share [Abstract]  
Schedule of the Computation of Net Income Per Share
The following table sets forth the computation of net income per share for the twelve months ended August 31, 2012, 2011 and 2010 (in thousands, except per share amounts):

 
Years Ended August 31,
 
2012
 
2011
 
2010
Net income from continuing operations
$
67,646

 
$
61,836

 
$
49,299

Less: Earnings and dividends allocated to unvested stockholders
(1,337
)
 
(952
)
 
(870
)
Dividend distribution to common stockholders
(17,745
)
 
(17,697
)
 
(14,664
)
Basic undistributed net earnings available to common stockholders from continuing operations
$
48,564

 
$
43,187

 
$
33,765

Add: Net undistributed earnings allocated and reallocated to unvested stockholders (two-class method) and dividend distribution
17,745

 
17,697

 
14,664

Net earnings available to common stockholders from continuing operations
$
66,309

 
$
60,884

 
$
48,429

Net earnings (loss) available to common stockholders from discontinued operations
$
(25
)
 
$
(86
)
 
$
16

Basic weighted average shares outstanding
29,554

 
29,441

 
29,254

Add dilutive effect of stock options (two-class method)
12

 
9

 
25

Diluted average shares outstanding
29,566

 
29,450

 
29,279

Basic net income per share from continuing operations
$
2.24

 
$
2.07

 
$
1.66

Diluted net income per share from continuing operations
$
2.24

 
$
2.07

 
$
1.65

Basic net income (loss) per share from discontinued operations
$
—

 
$
—

 
$
—

Diluted net income (loss) per share from discontinued operations
$
—

 
$
—

 
$
—



 
Years Ended August 31,
 
2012
 
2011
 
2010
Net income attributable to PriceSmart:
 
 
 
 
 
Income from continuing operations
$
67,646

 
$
61,836

 
$
49,299

Income (loss) from discontinued operations, net of tax
(25
)
 
(86
)
 
16

 
$
67,621

 
$
61,750

 
$
49,315