DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables) - Cash Flow Hedging [Member]

12 Months Ended

Aug. 31, 2019

Derivative [Line Items]

Schedule of Interest Rate Derivatives

Subsidiary	Date Entered into	Derivative Financial Counter- party	Derivative Financial Instruments	Initial US$ Notional Amount		Bank US$ loan  Held with	Floating Leg (swap counter-party)	Fixed Rate for PSMT Subsidiary		Settlement Dates	Effective Period of swap
Panama	25-Jun-18	Bank of Nova Scotia ("Scotiabank")	Interest rate swap	$	14,625,000	Bank of Nova Scotia	Variable rate 3-month Libor plus 3.0%	5.99	%	23rd day of each month beginning on July 23, 2018	June 25, 2018 - March 23, 2023
Honduras	26-Feb-18	Citibank, N.A. ("Citi")	Cross currency interest rate swap	$	13,500,000	Citibank, N.A.	Variable rate 3-month Libor plus 3.00%	9.75	%	29th day of May, August, November and February beginning May 29, 2018	February 26, 2018 - February 24, 2024
PriceSmart, Inc	7-Nov-16	MUFG Union Bank, N.A. ("Union Bank")	Interest rate swap	$	35,700,000	Union Bank	Variable rate 1-month Libor plus 1.7%	3.65	%	1st day of each month beginning on April 1, 2017	March 1, 2017 - March 1, 2027
Costa Rica	28-Aug-15	Citibank, N.A. ("Citi")	Cross currency interest rate swap	$	7,500,000	Citibank, N.A.	Variable rate 3-month Libor plus 2.50%	7.65	%	28th day of August, November, February, and May beginning on November 30, 2015	August 28, 2015 - August 28, 2020
Colombia	10-Dec-14	Citibank, N.A. ("Citi")	Cross currency interest rate swap	$	15,000,000	Citibank, N.A.	Variable rate 3-month Libor plus 2.8%	8.25	%	4th day of March, June, Sept, Dec. beginning on March 4, 2015	December 4, 2014 - December 3, 2019
Panama	9-Dec-14	Bank of Nova Scotia ("Scotiabank")	Interest rate swap	$	10,000,000	Bank of Nova Scotia	Variable rate 30-day Libor plus 3.5%	5.16	%	28th day of each month beginning December 29, 2014	November 28, 2014 - November 29, 2019

Interest Rate Swaps [Member]

Derivative [Line Items]

Schedule of Notional Amounts of Outstanding Derivative Positions

	Notional Amount as of
	August 31,		August 31,
Floating Rate Payer (Swap Counterparty)	2019		2018
Union Bank	$	35,169	$	35,700
Citibank N.A.		24,225		27,825
Scotiabank		18,375		25,149
Total	$	77,769	$	88,674

Derivative Swaps [Member]

Derivative [Line Items]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

		August 31, 2019						August 31, 2018
Derivatives designated as cash flow hedging instruments	Balance Sheet Location	Fair Value		Net Tax Effect		Net OCI		Fair Value		Net Tax Effect		Net OCI
Cross-currency interest rate swaps	Other current assets	$	2,736	$	(903)	$	1,833	$	—	$	—	$	—
Cross-currency interest rate swaps	Other non-current assets		—		—		—		2,405		(819)		1,586
Interest rate swaps	Other non-current assets		—		—		—		1,959		(434)		1,525
Interest rate swaps	Other long-term liabilities		(2,178)		517		(1,661)		(8)		2		(6)
Cross-currency interest rate swaps	Other long-term liabilities		(732)		220		(512)		(494)		148		(346)
Net fair value of derivatives designated as hedging instruments		$	(174)	$	(166)	$	(340)	$	3,862	$	(1,103)	$	2,759

Derivative Swaps [Member] | Interest Expense [Member]

Derivative [Line Items]

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location

Income Statement Classification	Interest expense on borrowings(1)		Cost of swaps (2)		Total
Interest expense for the year ended August 31, 2019	$	4,732	$	511	$	5,243
Interest expense for the year ended August 31, 2018	$	4,100	$	981	$	5,081
Interest expense for the year ended August 31, 2017	$	3,605	$	1,588	$	5,193

⁽¹⁾ This amount is representative of the interest expense recognized on the underlying hedged transactions.

⁽²⁾ This amount is representative of the interest expense recognized on the interest rate swaps designated as cash flow hedging instruments.