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STOCKHOLDERS' EQUITY
 12 Months Ended
Aug. 31, 2018
STOCKHOLDERS' EQUITY [Abstract]  
STOCKHOLDERS' EQUITY

NOTE 5 – STOCKHOLDERS’ EQUITY



Dividends



The following table summarizes the dividends declared and paid during fiscal years 2018,  2017 and 2016.  







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

First Payment

 

Second Payment

Declared

 

Amount

 

 

Record
Date

 

Date
Paid

 

Amount

 

Record
Date

 

Date
Paid

 

Amount

1/24/2018

  

$

 0.70 

  

 

2/14/2018

  

2/28/2018

  

$

 0.35 

  

8/15/2018

  

8/31/2018

  

$

 0.35 

2/1/2017

  

$

 0.70 

  

 

2/15/2017

  

2/28/2017

 

$

 0.35 

  

8/15/2017

  

8/31/2017

 

$

 0.35 

2/4/2016

 

$

 0.70 

 

 

2/15/2016

 

2/29/2016

 

$

 0.35 

 

8/15/2016

 

8/31/2016

 

$

 0.35 



Comprehensive Income and Accumulated Other Comprehensive Loss



The following table discloses the changes in each component of other comprehensive income (loss), net of tax (in thousands):







 

 

 

 

 

 

 

 

 



 

Attributable to

 

Noncontrolling

 

 

 



 

PriceSmart

 

Interests

 

Total

Beginning balance, August 31, 2015

 

$

 (101,512)

 

$

 —

 

$

 (101,512)

Foreign currency translation adjustments

 

 

 (1,702)

 

 

 —

 

 

 (1,702)

Defined benefit pension plans (1)

 

 

 (182)

 

 

 —

 

 

 (182)

Derivative Instruments (2)

 

 

 (535)

 

 

 —

 

 

 (535)

Amounts reclassified from accumulated other comprehensive income (loss)

 

 

 (20)

 

 

 —

 

 

 (20)

Ending balance, August 31, 2016

 

$

 (103,951)

 

$

 —

 

$

 (103,951)

Foreign currency translation adjustments

 

$

 (6,297)

 

$

 —

 

$

 (6,297)

Defined benefit pension plans (1)

 

 

 (166)

 

 

 —

 

 

 (166)

Derivative Instruments (2)

 

 

 316 

 

 

 —

 

 

 316 

Amounts reclassified from accumulated other comprehensive income (loss)

 

 

 39 

 

 

 —

 

 

 39 

Ending balance, August 31, 2017

 

$

 (110,059)

 

$

 —

 

$

 (110,059)

Foreign currency translation adjustments

 

$

 (12,890)

 

$

 (1)

 

$

 (12,891)

Defined benefit pension plans (1)

 

 

 (87)

 

 

 —

 

 

 (87)

Derivative Instruments (2)

 

 

 1,779 

 

 

 —

 

 

 1,779 

Amounts reclassified from accumulated other comprehensive income (loss)

 

 

 41 

 

 

 —

 

 

 41 

Ending balance, August 31, 2018

 

$

 (121,216)

 

$

 (1)

 

$

 (121,217)



(1)

Amounts reclassified from accumulated other comprehensive income (loss) related to the minimum pension liability are included in warehouse club and other operations in the Company's consolidated statements of income.

(2)

See Note 12 – “Derivative Instruments and Hedging Activities.”

 

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):







 

 

 

 

 

 



 

 

 

 

 

 



 

August 31,

 

August 31,



 

2018

 

2017

Retained earnings not available for distribution

 

$

 6,798 

 

$

 6,459