XML 97 R82.htm IDEA: XBRL DOCUMENT v2.4.0.6
SEGMENTS (Details) (USD $)
3 Months Ended 12 Months Ended
Aug. 31, 2012
Country
May 31, 2012
Feb. 29, 2012
Nov. 30, 2011
Aug. 31, 2011
May 31, 2011
Feb. 28, 2011
Nov. 30, 2010
Aug. 31, 2012
Country
Aug. 31, 2011
Aug. 31, 2010
Segment Reporting Information [Line Items]                      
Number of countries 13               13    
Segment Reporting Information                      
Revenue from external customers                 $ 2,050,745,000 $ 1,714,247,000 $ 1,395,891,000
Intersegment revenues                 0 0 0
Depreciation and amortization                 23,739,000 [1] 21,154,000 [2] 15,260,000
Operating income                 107,926,000 88,556,000 73,360,000
Interest income from external sources                 908,000 852,000 553,000
Interest income from intersegment sources                 0 0 0
Interest expense from external sources                 5,283,000 3,916,000 2,723,000
Interest expense from intersegment sources                 0 0 0
Provision for income taxes                 35,053,000 27,468,000 [3] 22,787,000
Net income attributable to PriceSmart 17,706,000 15,706,000 20,220,000 13,989,000 12,690,000 16,290,000 17,917,000 14,853,000 67,621,000 61,750,000 49,315,000
Long-lived assets (other than deferred tax assets) 384,263,000       354,551,000       384,263,000 354,551,000 321,087,000
Goodwill 36,886,000       37,361,000       36,886,000 37,361,000 37,471,000
Investments in uncolsolidated affiliates 7,559,000       8,063,000       7,559,000 8,063,000 8,091,000
Identifiable assets 735,712,000       664,328,000       735,712,000 664,328,000 572,565,000
Capital expenditures                 52,705,000 47,033,000 50,207,000
United States Operations
                     
Segment Reporting Information                      
Revenue from external customers                 15,320,000 8,892,000 4,199,000
Intersegment revenues                 766,462,000 638,684,000 487,042,000
Depreciation and amortization                 1,782,000 [1] 1,171,000 [2] 953,000
Operating income                 30,750,000 25,251,000 16,443,000
Interest income from external sources                 220,000 117,000 135,000
Interest income from intersegment sources                 2,430,000 2,946,000 3,378,000
Interest expense from external sources                 25,000 77,000 28,000
Interest expense from intersegment sources                 62,000 0 120,000
Provision for income taxes                 10,720,000 5,357,000 [3] 6,742,000
Net income attributable to PriceSmart                 20,220,000 22,753,000 12,882,000
Long-lived assets (other than deferred tax assets) 17,781,000       38,601,000       17,781,000 38,601,000 27,484,000
Goodwill 0       0       0 0 0
Investments in uncolsolidated affiliates 0       0       0 0 0
Identifiable assets 87,467,000       63,154,000       87,467,000 63,154,000 65,635,000
Capital expenditures                 1,972,000 4,979,000 4,283,000
Latin American Operations
                     
Segment Reporting Information                      
Revenue from external customers                 1,341,688,000 1,081,830,000 856,994,000
Intersegment revenues                 40,000 0 0
Depreciation and amortization                 11,655,000 [1] 11,683,000 [2] 8,341,000
Operating income                 57,657,000 48,796,000 41,885,000
Interest income from external sources                 611,000 624,000 306,000
Interest income from intersegment sources                 386,000 1,076,000 1,057,000
Interest expense from external sources                 4,148,000 2,648,000 2,288,000
Interest expense from intersegment sources                 464,000 1,164,000 1,900,000
Provision for income taxes                 18,226,000 18,539,000 [3] 11,466,000
Net income attributable to PriceSmart                 33,264,000 30,471,000 27,294,000
Long-lived assets (other than deferred tax assets) 249,925,000       192,594,000       249,925,000 192,594,000 173,968,000
Goodwill 31,760,000       32,152,000       31,760,000 32,152,000 32,247,000
Investments in uncolsolidated affiliates 7,559,000       8,063,000       7,559,000 8,063,000 8,091,000
Identifiable assets 441,857,000       388,325,000       441,857,000 388,325,000 305,429,000
Capital expenditures                 42,116,000 28,940,000 15,400,000
Caribbean Operations
                     
Segment Reporting Information                      
Revenue from external customers                 693,737,000 623,525,000 534,698,000
Intersegment revenues                 4,726,000 4,875,000 3,923,000
Depreciation and amortization                 10,302,000 [1] 8,300,000 [2] 5,966,000
Operating income                 19,519,000 14,509,000 15,032,000
Interest income from external sources                 77,000 111,000 112,000
Interest income from intersegment sources                 536,000 290,000 417,000
Interest expense from external sources                 1,110,000 1,191,000 407,000
Interest expense from intersegment sources                 2,826,000 3,148,000 2,832,000
Provision for income taxes                 6,107,000 3,572,000 [3] 4,579,000
Net income attributable to PriceSmart                 14,137,000 8,526,000 9,139,000
Long-lived assets (other than deferred tax assets) 116,557,000       123,356,000       116,557,000 123,356,000 119,635,000
Goodwill 5,126,000       5,209,000       5,126,000 5,209,000 5,224,000
Investments in uncolsolidated affiliates 0       0       0 0 0
Identifiable assets 206,388,000       212,849,000       206,388,000 212,849,000 201,501,000
Capital expenditures                 8,617,000 13,114,000 30,524,000
Reconciling Items
                     
Segment Reporting Information                      
Revenue from external customers                 0 [4] 0 [4] 0 [4]
Intersegment revenues                 (771,228,000) [4] (643,559,000) [4] (490,965,000) [4]
Depreciation and amortization                 0 [1],[4] 0 [2],[4] 0 [4]
Operating income                 0 [4] 0 [4] 0 [4]
Interest income from external sources                 0 [4] 0 [4] 0 [4]
Interest income from intersegment sources                 (3,352,000) [4] (4,312,000) [4] (4,852,000) [4]
Interest expense from external sources                 0 [4] 0 [4] 0 [4]
Interest expense from intersegment sources                 (3,352,000) [4] (4,312,000) [4] (4,852,000) [4]
Provision for income taxes                 0 [4] 0 [3],[4] 0 [4]
Net income attributable to PriceSmart                 0 [4] 0 [4] 0 [4]
Long-lived assets (other than deferred tax assets) 0 [4]       0 [4]       0 [4] 0 [4] 0 [4]
Goodwill 0 [4]       0 [4]       0 [4] 0 [4] 0 [4]
Investments in uncolsolidated affiliates 0 [4]       0 [4]       0 [4] 0 [4] 0 [4]
Identifiable assets 0 [4]       0 [4]       0 [4] 0 [4] 0 [4]
Capital expenditures                 0 [4] 0 [4] 0 [4]
Restatement Adjustment
                     
Segment Reporting Information                      
Depreciation and amortization                   2,300,000  
Provision for income taxes                   3,100,000  
Net income attributable to PriceSmart                   800,000  
Restatement Adjustment | United States Operations
                     
Segment Reporting Information                      
Provision for income taxes                   (3,200,000)  
Restatement Adjustment | Latin American Operations
                     
Segment Reporting Information                      
Depreciation and amortization                 313,000 2,000,000  
Restatement Adjustment | Caribbean Operations
                     
Segment Reporting Information                      
Depreciation and amortization                 $ 1,100,000 $ 235,000  
[1] Includes a $1.1 million error that increased expenses in the Caribbean operations and a $313,000 error that increased expenses in the Latin America operations both of which were related to prior periods. See Note 1- Company Overview and Basis of Presentation.
[2] Includes a $2.0 million and $235,000 error that increased expense in the Latin America and Caribbean operations, respectively, related to prior periods. See Note 1 - Company Overview and Basis of Presentation.
[3] Includes a $3.2 million error that decreased expense in the United States operations related to prior periods. See Note 1 - Company Overview and Basis of Presentation.
[4] The reconciling items reflect the amount eliminated on consolidation of intersegment transactions.