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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Feb. 28, 2017
Feb. 29, 2016
Feb. 28, 2017
Feb. 29, 2016
Revenue        
Sales $ 56,288 $ 53,706 $ 116,557 $ 110,452
Royalties and commissions 1,020 1,218 2,108 1,950
Total revenues 57,308 54,924 118,665 112,402
Costs and Expenses        
Cost of products and services sold 32,858 34,895 68,147 69,612
Selling, general and administrative expenses 11,518 10,226 23,270 21,736
Exit costs related to idle facility (Note 15) 23 209 50 209
Acquisition related costs (Note 14)     584  
Write-down of certain assets under construction (Note 8)       365
Operating income 12,909 9,594 26,614 20,480
Interest expense (307) (260) (553) (510)
Gain on sale of location (Note 9) 68   860  
Gain on sale of business (Note 8)       (1,031)
Other income (expense) (27) 1,419 372 1,388
Income before income taxes 12,643 10,753 27,293 22,389
Income taxes 4,260 3,781 8,547 7,968
Net income $ 8,383 $ 6,972 $ 18,746 $ 14,421
Net income available to common shareholders, per common and common equivalent share        
Basic (in dollars per share) $ 0.90 $ 0.75 $ 2.01 $ 1.56
Diluted (in dollars per share) $ 0.89 $ 0.74 $ 1.99 $ 1.54
Weighted average shares outstanding        
Basic (in shares) 9,246,021 9,155,365 9,237,129 9,148,493
Diluted (in shares) 9,360,398 9,292,224 9,336,379 9,287,486
Cash dividends paid per share (in dollars per share)     $ 0.70 $ 0.65