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Condensed Consolidated Statements of Income - USD ($)
3 Months Ended 9 Months Ended
May 31, 2023
May 31, 2022
May 31, 2023
May 31, 2022
Condensed Consolidated Statements of Income        
Net sales $ 80,249,000 $ 77,797,000 $ 233,493,000 $ 208,206,000
Cost of sales 57,008,000 56,207,000 166,325,000 150,313,000
Gross margin 23,241,000 21,590,000 67,168,000 57,893,000
Operating expenses:        
Selling, general and administrative expenses 16,277,000 14,547,000 47,568,000 36,881,000
Income from operations 6,964,000 7,043,000 19,600,000 21,012,000
Other income (expense):        
Net gain on trading securities 163,000 213,000 784,000 135,000
Interest and other (expense) (36,000) (48,000) (38,000) (153,000)
Other income (expense), net 127,000 165,000 746,000 (18,000)
Income before income taxes 7,091,000 7,208,000 20,346,000 20,994,000
Provision for income taxes 1,772,000 1,878,000 5,216,000 5,471,000
Net income 5,319,000 5,330,000 15,130,000 15,523,000
Less: accrued preferred stock dividends (19,000) (19,000) (57,000) (57,000)
Net income attributable to common shareholders $ 5,300,000 $ 5,311,000 $ 15,073,000 $ 15,466,000
Basic earnings per share $ 1.09 $ 1.09 $ 3.10 $ 3.18
Diluted earnings per share $ 1.09 $ 1.09 $ 3.10 $ 3.18
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