CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
May 31, 2021
Aug. 31, 2020
Current Assets:    
Cash and cash equivalents $ 190,687 $ 299,481
Short-term restricted cash 781 185
Short-term investments 67,068 46,509
Receivables, net of allowance for doubtful accounts of $166 as of May 31, 2021 and $147 as of August 31, 2020, respectively 12,221 13,153
Merchandise inventories 336,645 309,509
Prepaid expenses and other current assets 31,812 30,165
Total current assets 639,214 699,002
Long-term restricted cash 6,972 4,105
Property and equipment, net 716,337 692,279
Operating lease right-of-use assets, net 125,998 119,533
Goodwill 45,142 45,206
Other intangibles, net 8,368 10,166
Deferred tax assets 22,872 21,672
Other non-current assets (includes $1,160 and $872 as of May 31, 2021 and August 31, 2020, respectively, for the fair value of derivative instruments) 56,483 54,260
Investment in unconsolidated affiliates 10,569 10,602
Total Assets 1,631,955 1,656,825
Current Liabilities:    
Short-term borrowings   65,143
Accounts payable 341,007 373,172
Accrued salaries and benefits 37,240 32,946
Deferred income 27,255 23,525
Income taxes payable 9,740 7,727
Other accrued expenses and other current liabilities 27,959 37,731
Operating lease liabilities, current portion 8,486 8,594
Dividends payable 10,755  
Long-term debt, current portion 20,554 19,437
Total current liabilities 482,996 568,275
Deferred tax liability 1,759 1,713
Long-term income taxes payable, net of current portion 3,947 5,132
Long-term operating lease liabilities 131,510 124,181
Long-term debt, net of current portion 101,294 112,610
Other long-term liabilities (includes $3,154 and $4,685 for the fair value of derivative instruments and $6,665 and $6,155 for post-employment plans as of May 31, 2021 and August 31, 2020, respectively) 10,665 12,182
Total Liabilities 732,171 824,093
Stockholders' Equity:    
Common stock $0.0001 par value, 45,000,000 shares authorized; 31,456,121 and 31,417,576 shares issued and 30,777,829 and 30,670,712 shares outstanding (net of treasury shares) as of May 31, 2021 and August 31, 2020, respectively 3 3
Additional paid-in capital 459,812 454,455
Accumulated other comprehensive loss (177,368) (176,820)
Retained earnings 639,472 582,487
Less: treasury stock at cost, 678,292 shares as of May 31, 2021 and 746,864 shares as of August 31, 2020 (23,116) (28,406)
Total stockholders' equity attributable to PriceSmart, Inc. stockholders 898,803 831,719
Noncontrolling interest in consolidated subsidiaries 981 1,013
Total Stockholders' Equity 899,784 832,732
Total Liabilities and Equity $ 1,631,955 $ 1,656,825