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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Feb. 29, 2020
Feb. 28, 2019
Feb. 29, 2020
Feb. 28, 2019
Revenue        
Revenue $ 65,582 $ 66,631 $ 132,384 $ 139,134
Costs and Expenses        
Cost of products and services sold 40,666 43,213 82,449 89,788
Selling, general and administrative expenses 13,810 13,086 27,450 26,448
Operations optimization costs (Note 15) 60   709 260
Loss on impairment of goodwill (Note 7)   2,410   2,410
Operating income 11,046 7,922 21,776 20,228
Interest expense (56) (162) (111) (366)
Other income (expense) (185) (828) (789) (1,122)
Income before income taxes 10,805 6,932 20,876 18,740
Income taxes (Note 17) 2,926 1,659 5,635 4,644
Net income $ 7,879 $ 5,273 $ 15,241 $ 14,096
Net income available to common shareholders, per common and common equivalent share (Note 4)        
Basic $ 0.83 $ 0.56 $ 1.62 $ 1.50
Diluted $ 0.83 $ 0.56 $ 1.60 $ 1.49
Weighted average shares outstanding        
Basic 9,355,821 9,332,288 9,353,985 9,330,929
Diluted 9,444,211 9,373,030 9,439,215 9,377,167
Annual cash dividends declared per share     $ 0.80 $ 0.80
Product        
Revenue        
Revenue $ 64,626 $ 65,442 $ 130,383 $ 136,806
Royalties and commissions        
Revenue        
Revenue $ 956 $ 1,189 $ 2,001 $ 2,328