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Condensed Consolidated Statements of Income - USD ($)
3 Months Ended 9 Months Ended
May 31, 2022
May 31, 2021
May 31, 2022
May 31, 2021
Condensed Consolidated Statements of Income        
Net sales $ 77,797,000 $ 62,676,000 $ 208,206,000 $ 171,830,000
Cost of sales 56,207,000 45,826,000 150,313,000 125,504,000
Gross margin 21,590,000 16,850,000 57,893,000 46,326,000
Operating expenses:        
Selling, general and administrative expenses 14,547,000 12,800,000 36,881,000 38,021,000
Income from operations 7,043,000 4,050,000 21,012,000 8,305,000
Other income (expense):        
Net gain (loss) on trading securities 213,000 196,000 135,000 (863,000)
Interest and other (expense) (48,000) (45,000) (153,000) (174,000)
Other income (expense), net 165,000 151,000 (18,000) (1,037,000)
Income before income taxes 7,208,000 4,201,000 20,994,000 7,268,000
Provision for income taxes 1,878,000 1,121,000 5,471,000 1,943,000
Net income 5,330,000 3,080,000 15,523,000 5,325,000
Cumulative preferred stock dividend (19,000) (19,000) (57,000) (57,000)
Net income attributable to common shareholders $ 5,311,000 $ 3,061,000 $ 15,466,000 $ 5,268,000
Basic earnings per common share: $ 1.09 $ 0.63 $ 3.18 $ 1.08
Diluted earnings per common share: $ 1.09 $ 0.63 $ 3.18 $ 1.08
Basic and diluted 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