ACQUISITION (Tables)

12 Months Ended

Aug. 31, 2019

Summary of the Total Purchase Consideration


Estimated consideration on the acquisition date	$	30,046
Estimated assumed net liabilities at acquisition date		(1,093)
Total cash consideration		28,953
Post-combination compensation expense, net of claims		(3,754)
Business acquisition, net assets acquired	$	25,199
Cash acquired		1,208
Business acquisition, net of cash acquired	$	23,991

Summary of the Fair Value of the Assets Acquired and Liabilities Assumed


Current assets	$	4,196
Other non-current assets		746
Property, plant and equipment		2,059
Intangible assets		16,100
Goodwill		11,411
Deferred tax assets, long-term		4,078
Total assets acquired	$	38,590
Current liabilities		(5,862)
Non-current liabilities		(6,967)
Noncontrolling interest		(562)
Net assets acquired	$	25,199

Schedule of Intangible Assets Acquired


	Amortization		Fair value of
	Period		Assets Acquired
Trade name	25 years	$	5,100
Developed technology	5 years		11,000
Total assets acquired		$	16,100

Pro Forma Financial Information


		Twelve Months Ended
		2018		2017
Pro forma total revenues	$	3,197,307	$	3,040,168
Pro forma net income attributable to PriceSmart, Inc. (1)	$	67,734	$	82,587
Pro forma net income attributable to noncontrolling interest	$	444	$	248

⁽¹⁾

Includes the pro forma recognition of $3.0 million of post-combination compensation expense, which represents completion of twelve of the fifteen months of continued service required to satisfy the $3.8 million remaining purchase price contingency, and $2.1 million for the amortization of intangible assets for the twelve months ended August 31, 2018.

Results of Operations


		Twelve Months Ended
		2019	2018	2017
Total revenue	$	37,162	16,863	N/A
Net Loss (net of tax benefits)	$	(14,462)	(6,901)	N/A