SEGMENTS (Tables)

9 Months Ended

May 31, 2020

Summary of Segment Revenues, Operating Costs and Balance Sheet Items



	United ‎States ‎Operations		Central ‎American ‎Operations		Caribbean ‎Operations⁽¹⁾		Colombia Operations		Reconciling ‎Items⁽²⁾		Total
Three Months Ended May 31, 2020
Revenue from external customers	$	15,852	$	452,927	$	250,304	$	80,848		—	$	799,931
Intersegment revenues		230,826		4,791		1,548		787		(237,952)		—
Depreciation, Property and equipment		1,294		7,577		3,810		1,591		—		14,272
Amortization, Intangibles		607		—		—		—		—		607
Operating income (loss)		(1,115)		27,606		13,547		3,487		(19,558)		23,967
Net income (loss) attributable to PriceSmart, Inc.		(3,785)		22,724		10,849		2,403		(19,486)		12,705
Capital expenditures, net		1,446		9,395		2,163		3,508		—		16,512

Nine Months Ended May 31, 2020
Revenue from external customers	$	52,039	$	1,442,336	$	747,004	$	277,228	$	—	$	2,518,607
Intersegment revenues		868,137		12,745		3,627		1,870		(886,379)		—
Depreciation, Property and equipment		3,981		22,027		11,602		5,452		—		43,062
Amortization, Intangibles		1,805		—		—		—		—		1,805
Operating income		3,401		96,972		40,436		13,411		(60,730)		93,490
Net income (loss) attributable to PriceSmart, Inc.		(5,350)		79,815		34,978		9,340		(60,750)		58,033
Long-lived assets (other than deferred tax assets) ⁽³⁾		83,813		481,942		181,578		143,437		—		890,770
Intangibles, net		10,772		—		—		—		—		10,772
Goodwill		10,695		24,484		10,137		—		—		45,316
Total assets		224,682		727,527		384,168		238,112		—		1,574,489
Capital expenditures, net		5,564		42,766		13,913		28,807		—		91,050

Three Months Ended May 31, 2019
Revenue from external customers	$	17,454	$	448,118	$	228,586	$	94,398	$	—	$	788,556
Intersegment revenues		284,205		3,401		1,032		444		(289,082)		—
Depreciation, Property and equipment		1,312		6,200		3,551		2,132		—		13,195
Amortization, Intangibles		606		—		—		—		—		606
Operating income (loss)		1,139		26,314		10,295		3,294		(19,045)		21,997
Net income (loss) attributable to PriceSmart, Inc.		(1,655)		22,725		9,514		2,528		(19,016)		14,096
Capital expenditures, net		143		13,322		8,010		1,093		—		22,568

Nine Months Ended May 31, 2019
Revenue from external customers	$	51,614	$	1,372,918	$	702,954	$	295,132	$	—	$	2,422,618
Intersegment revenues		924,624		7,620		3,375		1,119		(936,738)		—
Depreciation, Property and equipment		3,958		18,072		10,181		6,356		—		38,567
Amortization, Intangibles		1,798		—		—		—		—		1,798
Operating income		4,565		90,681		37,346		10,327		(59,716)		83,203
Net income (loss) attributable to PriceSmart, Inc.		(3,885)		75,009		32,536		8,632		(59,774)		52,518
Long-lived assets (other than deferred tax assets)		85,638		339,950		157,186		105,384		—		688,158
Intangibles, net		13,182		—		—		—		—		13,182
Goodwill		11,315		24,606		10,237		—		—		46,158
Total assets		152,322		605,399		331,999		172,144		—		1,261,864
Capital expenditures, net		3,759		56,695		24,271		3,831		—		88,556

As of August 31, 2019
Long-lived assets (other than deferred tax assets)	$	65,278	$	383,665	$	165,584	$	115,838	$	—	$	730,365
Intangibles, net		12,576		—		—		—		—		12,576
Goodwill		11,315		24,593		10,193		—		—		46,101
Total assets		161,583		614,579		340,216		180,033		—		1,296,411

⁽¹⁾Management considers its club in the U.S. Virgin Islands to be part of its Caribbean operations.

⁽²⁾The reconciling items reflect the amount eliminated on consolidation of intersegment transactions.

⁽³⁾Effective September 1, 2019, we adopted the requirements of Accounting Standards Update (ASU) 2016-02, "Leases (Topic 842)" (ASC 842) using the modified retrospective approach, under which financial results reported in prior periods were not restated. As a result, the Long-lived assets (other than deferred tax assets) as of May 31, 2020 is not comparable with that as of May 31, 2019 and August 31, 2019.