CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands
May 31, 2011
Aug. 31, 2010
Current Assets:    
Cash and cash equivalents $ 65,846 $ 73,346
Short-term restricted cash 1,240 1,240
Receivables, net of allowance for doubtful accounts of $13 and $15 as of May 31, 2011 and August 31, 2010, respectively. 3,865 2,855
Merchandise inventories 167,687 131,190
Deferred tax assets - current 4,491 3,639
Prepaid expenses and other current assets 27,969 21,879
Assets of discontinued operations 507 692
Total current assets 271,605 234,841
Long-term restricted cash 20,590 5,640
Property and equipment, net 281,389 265,544
Goodwill 37,465 37,471
Deferred tax assets - long term 14,452 16,637
Other assets 4,127 4,341
Investment in unconsolidated affiliates 8,063 8,091
Total Assets 637,691 572,565
Current Liabilities:    
Short-term borrowings 4,642 3,551
Accounts payable 137,756 124,401
Accrued salaries and benefits 11,904 10,911
Deferred membership income 10,950 9,729
Income taxes payable 7,141 6,615
Other accrued expenses 10,865 12,095
Dividends payable 8,970 0
Long-term debt, current portion 7,767 7,715
Deferred tax liability - current 429 357
Liabilities of discontinued operations 194 109
Total current liabilities 200,618 175,483
Deferred tax liability - long-term 1,824 1,198
Long-term portion of deferred rent 3,895 3,272
Long-term income taxes payable, net of current portion 3,087 3,564
Long-term debt, net of current portion 60,030 53,005
Total liabilities 269,454 236,522
Equity:    
Common stock, $0.0001 par value, 45,000,000 shares authorized; 30,691,147 and 30,624,666 shares issued and 29,896,954 and 29,897,909 shares outstanding (net of treasury shares) as of May 31, 2011 and August 31, 2010, respectively. 3 3
Additional paid-in capital 382,588 379,368
Tax benefit from stock-based compensation 5,366 4,490
Accumulated other comprehensive loss (17,091) (16,672)
Retained earnings (accumulated deficit) 15,543 (15,578)
Less: treasury stock at cost; 794,193 and 726,757 shares as of May 31, 2011 and August 31, 2010, respectively. (18,172) (15,568)
Total PriceSmart stockholders' equity and total equity 368,237 336,043
Total Liabilities and Equity $ 637,691 $ 572,565