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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
May 31, 2022
Aug. 31, 2021
Current Assets:    
Cash and cash equivalents $ 207,528 $ 202,060
Short-term restricted cash 2,986 3,647
Short-term investments 19,767 50,233
Receivables, net of allowance for doubtful accounts of $50 as of May 31, 2022 and $94 as of August 31, 2021, respectively 14,569 12,359
Merchandise inventories 460,962 389,711
Prepaid expenses and other current assets (includes $1,550 and $0 as of May 31, 2022 and August 31, 2021, respectively, for the fair value of derivative instruments) 44,059 39,194
Total current assets 749,871 697,204
Long-term restricted cash 12,203 9,772
Property and equipment, net 765,034 730,204
Operating lease right-of-use assets, net 114,775 123,655
Goodwill 43,347 45,095
Other intangibles, net 1,153 7,762
Deferred tax assets 27,990 24,225
Other non-current assets (includes $5,410 and $2,464 as of May 31, 2022 and August 31, 2021, respectively, for the fair value of derivative instruments) 66,852 57,329
Investment in unconsolidated affiliates 10,538 10,544
Total Assets 1,791,763 1,705,790
Current Liabilities:    
Short-term borrowings 15,336  
Accounts payable 393,536 388,791
Accrued salaries and benefits 40,411 41,896
Deferred income 29,648 26,898
Income taxes payable 8,292 8,310
Other accrued expenses and other current liabilities 35,387 39,736
Operating lease liabilities, current portion 7,442 8,526
Dividends payable 13,430  
Long-term debt, current portion 34,275 19,395
Total current liabilities 577,757 533,552
Deferred tax liability 2,000 1,568
Long-term income taxes payable, net of current portion 5,550 4,160
Long-term operating lease liabilities 121,583 129,256
Long-term debt, net of current portion 108,182 110,110
Other long-term liabilities (includes $1,048 and $3,010 for the fair value of derivative instruments and $7,445 and $7,380 for post-employment plans as of May 31, 2022 and August 31, 2021, respectively) 8,493 10,930
Total Liabilities 823,565 789,576
Stockholders' Equity:    
Common stock $0.0001 par value, 45,000,000 shares authorized; 31,688,311 and 31,467,971 shares issued and 30,930,527 and 30,755,308 shares outstanding (net of treasury shares) as of May 31, 2022 and August 31, 2021, respectively 3 3
Additional paid-in capital 477,281 465,015
Accumulated other comprehensive loss (193,148) (182,508)
Retained earnings 713,444 658,919
Less: treasury stock at cost, 757,784 shares as of May 31, 2022 and 712,663 shares as of August 31, 2021 (29,382) (26,084)
Total stockholders' equity attributable to PriceSmart, Inc. stockholders 968,198 915,345
Noncontrolling interest in consolidated subsidiaries   869
Total Stockholders' Equity 968,198 916,214
Total Liabilities and Equity $ 1,791,763 $ 1,705,790