The Company and its subsidiaries are principally engaged in the international operation of membership shopping in 47 warehouse clubs located in 12 countries and one U.S. territory that are located in Central America, the Caribbean and Colombia. In addition, the Company operates distribution centers and corporate offices in the United States. The Company has aggregated its warehouse clubs, distribution centers and corporate offices into reportable segments. The Company’s reportable segments are based on management’s organization of these locations into operating segments by general geographic location, which are used by management and the Company's chief operating decision maker in setting up management lines of responsibility, providing support services, and making operational decisions and assessments of financial performance. Segment amounts are presented after converting to U.S. dollars and consolidating eliminations. Certain revenues, operating costs and inter-company charges included in the United States segment are not allocated to the segments within this presentation, as it is impractical to do so, and they appear as reconciling items to reflect the amount eliminated on consolidation of intersegment transactions. From time to time, the Company revises the measurement of each segment's operating income and net income, including certain corporate overhead allocations, and other measures as determined by the information regularly reviewed by the Company's chief operating decision maker. When the Company does so, the previous period amounts and balances are reclassified to conform to the current period's presentation.

The following tables summarize by segment certain revenues, operating costs and balance sheet items (in thousands):



	United ‎States ‎Operations		Central ‎American ‎Operations		Caribbean ‎Operations⁽¹⁾		Colombia Operations		Reconciling ‎Items⁽²⁾		Total
Three Months Ended May 31, 2021
Revenue from external customers	$	21,237	$	531,595	$	243,468	$	98,964	$	—	$	895,264
Intersegment revenues		309,261		4,305		1,228		434		(315,228)		—
Depreciation, Property and equipment		1,666		7,990		3,920		2,403		—		15,979
Amortization, Intangibles		606		—		—		—		—		606
Operating income (loss)		545		38,313		17,240		5,135		(25,184)		36,049
Net income (loss) attributable to PriceSmart, Inc.		(2,388)		32,700		13,524		3,929		(25,236)		22,529
Capital expenditures, net		3,334		8,724		6,486		4,870		—		23,414

Nine Months Ended May 31, 2021
Revenue from external customers	$	67,622	$	1,567,287	$	762,153	$	313,203	$	—	$	2,710,265
Intersegment revenues		955,619		12,842		3,498		2,413		(974,372)		—
Depreciation, Property and equipment		5,115		23,367		11,570		6,500		—		46,552
Amortization, Intangibles		1,798		—		—		—		—		1,798
Operating income (loss)		8,315		113,120		59,600		17,139		(72,615)		125,559
Net income (loss) attributable to PriceSmart, Inc.		(4,306)		94,247		48,175		13,224		(72,838)		78,502
Long-lived assets (other than deferred tax assets)		79,178		484,039		189,873		163,266		—		916,356
Intangibles, net		8,368		—		—		—		—		8,368
Goodwill		10,695		24,359		10,088		—		—		45,142
Total assets		202,770		777,703		427,078		224,404		—		1,631,955
Capital expenditures, net		6,052		30,334		14,748		20,416		—		71,550

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 (loss)		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)		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

As of August 31, 2020
Long-lived assets (other than deferred tax assets)	$	81,008	$	475,744	$	177,166	$	146,862	$	—	$	880,780
Intangibles, net		10,166		—		—		—		—		10,166
Goodwill		10,696		24,418		10,092		—		—		45,206
Total assets		272,190		741,523		395,244		247,868		—		1,656,825

⁽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.