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Condensed Consolidated Statements of Income - USD ($)
3 Months Ended 6 Months Ended
Feb. 28, 2021
Feb. 29, 2020
Feb. 28, 2021
Feb. 29, 2020
Condensed Consolidated Statements of Income        
Net sales $ 55,751,000 $ 56,828,000 $ 109,154,000 $ 112,868,000
Cost of sales 40,727,000 41,029,000 79,678,000 81,173,000
Gross margin 15,024,000 15,799,000 29,476,000 31,695,000
Operating expenses:        
Selling, general and administrative expenses 12,540,000 12,673,000 25,221,000 25,275,000
Income from operations 2,484,000 3,126,000 4,255,000 6,420,000
Other income (expense):        
Net (loss) gain on trading securities (506,000) 471,000 (1,059,000) 391,000
Loss on sale of property       (102,000)
Interest and other (expense) (60,000) (65,000) (129,000) (184,000)
Other (expense) income, net (566,000) 406,000 (1,188,000) 105,000
Income before income taxes 1,918,000 3,532,000 3,067,000 6,525,000
Provision for income taxes 524,000 934,000 822,000 2,010,000
Net income 1,394,000 2,598,000 2,245,000 4,515,000
Cumulative preferred stock dividend (19,000) (19,000) (38,000) (38,000)
Net income attributable to common shareholders $ 1,375,000 $ 2,579,000 $ 2,207,000 $ 4,477,000
Basic and diluted earnings per share: $ 0.28 $ 0.53 $ 0.45 $ 0.92
Basic weighted average common shares outstanding 4,861,590 4,861,590 4,861,590 4,861,590
Diluted weighted average common shares outstanding 4,901,590 4,901,590 4,901,590 4,901,590