XML 11 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Feb. 29, 2024
Feb. 28, 2023
Feb. 29, 2024
Feb. 28, 2023
Condensed Consolidated Statements of Income (Unaudited)        
Net sales $ 83,335,000 $ 76,925,000 $ 163,590,000 $ 153,244,000
Cost of sales 58,308,000 54,661,000 114,991,000 109,317,000
Gross margin 25,027,000 22,264,000 48,599,000 43,927,000
Operating expenses:        
Selling, general and administrative expenses 17,598,000 15,606,000 34,815,000 31,291,000
Impairment on termination of lease     3,906,000  
Income from operations 7,429,000 6,658,000 9,878,000 12,636,000
Other income (expense):        
Net gain (loss) on trading securities 23,000 179,000 (21,000) 621,000
Interest and other income (expense) (75,000) 46,000 (84,000) (2,000)
Other income (expense), net (52,000) 225,000 (105,000) 619,000
Income before income taxes 7,377,000 6,883,000 9,773,000 13,255,000
Provision for income taxes 1,879,000 1,783,000 2,496,000 3,444,000
Net income 5,498,000 5,100,000 7,277,000 9,811,000
Cumulative preferred stock dividend (19,000) (19,000) (38,000) (38,000)
Net income attributable to common shareholders $ 5,479,000 $ 5,081,000 $ 7,239,000 $ 9,773,000
Basic earnings per share: $ 1.13 $ 1.05 $ 1.49 $ 2.01
Diluted earnings per share: $ 1.12 $ 1.04 $ 1.48 $ 2.00
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