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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Nov. 30, 2019
Nov. 30, 2018
Revenue    
Revenue $ 66,802 $ 72,503
Costs and Expenses    
Cost of products and services sold 41,783 46,575
Selling, general and administrative expenses 13,640 13,362
Operations optimization costs 649 260
Operating income 10,730 12,306
Interest expense (55) (204)
Other income (expense) (604) (294)
Income before income taxes 10,071 11,808
Income taxes 2,709 2,985
Net income $ 7,362 $ 8,823
Net income available to common shareholders, per common and common equivalent share    
Basic $ 0.78 $ 0.94
Diluted $ 0.77 $ 0.93
Weighted average shares outstanding    
Basic 9,352,148 9,329,570
Diluted 9,434,218 9,381,303
Annual cash dividends declared per share $ 0.80 $ 0.80
Product    
Revenue    
Revenue $ 65,757 $ 71,364
Royalties and commissions    
Revenue    
Revenue $ 1,045 $ 1,139