NOTE 19 – QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

Summarized quarterly financial information for fiscal years 2019, 2018 and 2017 is as follows (in thousands, except per share data):



	Three Months Ended,								Year Ended,
Fiscal Year 2019	Nov 30, 2018		Feb 28, 2019		May 31, 2019		Aug 31, 2019		Aug 31, 2019
Total revenues	$	779,637	$	854,425	$	788,556	$	801,300	$	3,223,918
Total cost of goods sold	$	653,180	$	716,858	$	661,887	$	663,766	$	2,695,691
Net income attributable to PriceSmart, Inc.	$	14,612	$	23,810	$	14,096	$	20,673	$	73,191
Basic net income per share	$	0.48	$	0.79	$	0.46	$	0.67	$	2.40
Diluted net income per share	$	0.48	$	0.79	$	0.46	$	0.67	$	2.40



	Three Months Ended,									Year Ended,
Fiscal Year 2018	Nov 30, 2017		Feb 28, 2018			May 31, 2018		Aug 31, 2018		Aug 31, 2018
Total revenues	$	767,072	$	839,563		$	782,201	$	777,866	$	3,166,702
Total cost of goods sold	$	644,985	$	708,040		$	652,694	$	650,801	$	2,656,520
Net income attributable to PriceSmart, Inc.	$	22,490	$	14,148	(1)	$	18,694	$	18,996	$	74,328
Basic net income per share	$	0.74	$	0.47		$	0.61	$	0.62	$	2.44
Diluted net income per share	$	0.74	$	0.47		$	0.61	$	0.62	$	2.44



	Three Months Ended,								Year Ended,
Fiscal Year 2017	Nov 30, 2016		Feb 28, 2017		May 31, 2017		Aug 31, 2017		Aug 31, 2017
Total revenues	$	739,572	$	793,296	$	730,258	$	733,502	$	2,996,628
Total cost of goods sold	$	618,671	$	667,563	$	617,598	$	615,920	$	2,519,752
Net income attributable to PriceSmart, Inc.	$	24,869	$	27,219	$	18,838	$	19,798	$	90,724
Basic net income per share	$	0.82	$	0.90	$	0.62	$	0.64	$	2.98
Diluted net income per share	$	0.82	$	0.90	$	0.62	$	0.64	$	2.98

⁽¹⁾

In the second quarter of fiscal year 2018, the Company recorded its provisional tax estimate of $13.4 million as a result of the U.S. Tax Reform Transition Tax. The Company finalized its calculation of this Transition Tax in the fourth quarter of fiscal year 2018, reducing it to approximately $12.5 million.