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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Aug. 31, 2021
Aug. 31, 2020
Current Assets:    
Cash and cash equivalents $ 202,060 $ 299,481
Short-term restricted cash 3,647 185
Short-term investments 50,233 46,509
Receivables, net of allowance for doubtful accounts of $94 as of August 31, 2021 and $147 as of August 31, 2020, respectively 12,359 13,153
Merchandise inventories 389,711 309,509
Prepaid expenses and other current assets 39,194 30,165
Total current assets 697,204 699,002
Long-term restricted cash 9,772 4,105
Property and equipment, net 730,204 692,279
Operating lease right-of-use assets, net 123,655 119,533
Goodwill 45,095 45,206
Other intangibles, net 7,762 10,166
Deferred tax assets 24,225 21,672
Other non-current assets (includes $2,464 and $872 as of August 31, 2021 and August 31, 2020, respectively, for the fair value of derivative instruments) 57,329 54,260
Investment in unconsolidated affiliates 10,544 10,602
Total Assets 1,705,790 1,656,825
Current Liabilities:    
Short-term borrowings   65,143
Accounts payable 388,791 373,172
Accrued salaries and benefits 41,896 32,946
Deferred income 26,898 23,525
Income taxes payable 8,310 7,727
Other accrued expenses and other current liabilities 39,736 37,731
Operating lease liabilities, current portion 8,526 8,594
Long-term debt, current portion 19,395 19,437
Total current liabilities 533,552 568,275
Deferred tax liability 1,568 1,713
Long-term income taxes payable, net of current portion 4,160 5,132
Long-term operating lease liabilities 129,256 124,181
Long-term debt, net of current portion 110,110 112,610
Other long-term liabilities (includes $3,010 and $4,685 for the fair value of derivative instruments and $7,380 and $6,155 for post-employment plans as of August 31, 2021 and August 31, 2020, respectively) 10,930 12,182
Total Liabilities 789,576 824,093
Stockholders' Equity:    
Common stock $0.0001 par value, 45,000,000 shares authorized; 31,467,971 and 31,417,576 shares issued and 30,755,308 and 30,670,712 shares outstanding (net of treasury shares) as of August 31, 2021 and August 31, 2020, respectively 3 3
Additional paid-in capital 465,015 454,455
Accumulated other comprehensive loss (182,508) (176,820)
Retained earnings 658,919 582,487
Less: treasury stock at cost, 712,663 shares as of August 31, 2021 and 746,864 shares as of August 31, 2020 (26,084) (28,406)
Total stockholders' equity attributable to PriceSmart, Inc. stockholders 915,345 831,719
Noncontrolling interest in consolidated subsidiaries 869 1,013
Total Stockholders' Equity 916,214 832,732
Total Liabilities and Equity $ 1,705,790 $ 1,656,825