STOCKHOLDERS' EQUITY (Tables)

3 Months Ended

Nov. 30, 2023

Equity [Abstract]

Schedule of Dividends

The following table summarizes the dividends declared and paid during fiscal year 2023 (amounts are per share):

			First Payment				Second Payment
Declared	Amount		Record Date	Date Paid	Amount		Record Date	Date Paid	Amount
2/3/2023	$	0.92	2/16/2023	2/28/2023	$	0.46	8/15/2023	8/31/2023	$	0.46

Schedule of Components of Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss

The following tables disclose the effects on accumulated other comprehensive loss of each component of other comprehensive income (loss), net of tax (in thousands):

	Amount
Beginning balance, September 1, 2023	$	(163,992)
Foreign currency translation adjustments	3,537
Defined benefit pension plans (1)	121
Derivative instruments (2)	(78)
Ending balance, November 30, 2023	$	(160,412)

	Amount
Beginning balance, September 1, 2022	$	(195,586)
Foreign currency translation adjustments	(885)
Defined benefit pension plans (1)	9
Derivative instruments (2)	325
Ending balance, November 30, 2022	$	(196,137)

	Amount
Beginning balance, September 1, 2022	$	(195,586)
Foreign currency translation adjustments	33,708
Defined benefit pension plans (1)	(1,819)
Derivative instruments (2)	(443)
Amounts reclassified from accumulated other comprehensive loss	148
Ending balance, August 31, 2023	$	(163,992)

(1)Amounts reclassified from accumulated other comprehensive income (loss) related to the minimum pension liability are included in warehouse club and other operations in the Company's consolidated statements of income.

(2)Refer to "Note 8 - Derivative Instruments and Hedging Activities."

Schedule of Retained Earnings Not Available for Distribution

The following table summarizes retained earnings designated as legal reserves of various subsidiaries which cannot be distributed as dividends to PriceSmart, Inc. according to applicable statutory regulations (in thousands):

	November 30, 2023		August 31, 2023
Retained earnings not available for distribution	$	9,266	$	9,110

Schedule of Class of Treasury Stock

Share repurchase activity under the Company’s repurchase programs for the periods indicated was as follows (total cost in thousands):

	Three Months Ended
	November 30, 2023		November 30, 2022
Number of common shares acquired	935,663		—
Average price per common share acquired	$	74.13	$	—
Total cost of common shares acquired	$	69,362	$	—