STOCKHOLDERS EQUITY

3 Months Ended

Nov. 30, 2014

Stockholders' Equity Note [Abstract]

STOCKHOLDERS EQUITY

STOCKHOLDERS’ EQUITY

Dividends

No dividends were declared by the Company's Board of Directors during the first three months of fiscal year 2015. The following table summarizes the dividends declared and paid during fiscal year 2015 and 2014.

First Payment

Second Payment

Declared

Amount

Record Date

Date Paid

Date Payable

Amount

Record Date

Date Paid

Date Payable

Amount

1/23/14

$

0.70

2/14/14

2/28/14

N/A

$

0.35

8/15/14

8/29/2014

N/A

$

0.35

The Company anticipates the ongoing payment of semi-annual dividends in subsequent periods, although the actual declaration of future dividends, the amount of such dividends, and the establishment of record and payment dates is subject to final determination by the Board of Directors at its discretion after its review of the Company’s financial performance and anticipated capital requirements. 

Comprehensive Income and Accumulated Other Comprehensive Loss

The following tables disclose the tax effects allocated to each component of other comprehensive income (loss) (in thousands):

	Three Months Ended November 30, 2014
	Foreign currency translation adjustments			Defined benefit pension plans			Derivative Instruments		Total
Beginning balance, September 1, 2014	$	(50,410	)	$	113		$	1,011	$	(49,286	)
Other comprehensive income (loss)	(11,651		)	(11		)	2,243		(9,419		)
Ending balance, November 30, 2014	$	(62,061	)	$	102		$	3,254	$	(58,705	)

	Three Months Ended November 30, 2013
	Foreign currency translation adjustments			Defined benefit pension plans			Derivative Instruments			Total
Beginning balance, September 1, 2013	$	(42,321	)	$	(152	)	$	998		$	(41,475	)
Other comprehensive income (loss)	1,289			3			(143		)	1,149
Ending balance, November 30, 2013	$	(41,032	)	$	(149	)	$	855		$	(40,326	)

	Twelve Months Ended August 31, 2014
	Foreign currency translation adjustments			Defined benefit pension plans				Derivative Instruments				Total
Beginning balance, September 1, 2013	$	(42,321	)	$	(152	)		$	998			$	(41,475	)
Other comprehensive income (loss)	(8,089		)	260				101				(7,728		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			5			(2)	(88		)	(1) (3)	(83		)
Ending balance, August 31, 2014	$	(50,410	)	$	113			$	1,011			$	(49,286	)

⁽¹⁾ See Note 9 - Derivative Instruments and Hedging Activities.

⁽²⁾ Amounts reclassified from accumulated other comprehensive income (loss) related to the minimum pension liability are included in warehouse club operations in the Company's Consolidated Statements of Income.

⁽³⁾ Amounts reclassified from accumulated other comprehensive income (loss) for settlement of derivative instruments are included in other income (expense), net in the Company's Consolidated Statements of Income.

Retained Earnings Not Available for Distribution

The following table summarizes retained earnings designated as legal reserves of various subsidiaries which cannot be distributed as dividends to PriceSmart, Inc. according to applicable statutory regulations (in thousands):

	November 30, 2014		August 31, 2014
Retained earnings not available for distribution	$	4,666	$	4,556