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Condensed Consolidated Statements of Income - USD ($)
3 Months Ended 9 Months Ended
Aug. 03, 2024
Aug. 05, 2023
Aug. 03, 2024
Aug. 05, 2023
Income Statement [Abstract]        
Net sales $ 13,803,340 $ 14,654,789 $ 40,099,316 $ 48,599,139
Cost of sales (9,196,740) (9,540,399) (26,589,976) (31,659,842)
Gross profit 4,606,600 5,114,390 13,509,340 16,939,297
Selling, general and administrative expenses (2,032,973) (1,987,782) (5,976,683) (6,238,457)
Operating income 2,573,627 3,126,608 7,532,657 10,700,840
Other income (expense):        
Interest income 318,253 203,972 836,113 513,987
Undistributed earnings in joint venture - Majestic 21 24,914 27,828 67,623 76,276
Proceeds received under escrow arrangement 47,339 115,641 147,155 209,806
(Decrease) increase in fair value of equity investment (11,214) 81,078 90,329 (47,939)
Gain on disposal of property, plant and equipment 3,000 0 3,000 0
Miscellaneous (28,706) 16,404 96,422 42,766
Total other income 353,586 444,923 1,240,642 794,896
Income before provision for income taxes 2,927,213 3,571,531 8,773,299 11,495,736
Income tax expense (741,901) (905,203) (2,223,591) (2,913,592)
Net income $ 2,185,312 $ 2,666,328 $ 6,549,708 $ 8,582,144
Net income per share:        
Basic 3,268,829 3,323,874 3,268,829 3,354,981
Diluted 3,277,856 3,328,875 3,278,742 3,357,424
Basic $ 0.67 $ 0.8 $ 2 $ 2.56
Diluted $ 0.67 $ 0.8 $ 2 $ 2.56