XML 16 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Unaudited Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Condensed Consolidated Unaudited Statements of Operations        
Sales (including excise taxes of $85.7 million and $88.7 million, and $176.7 million and $186.0 million, respectively) $ 294,047,870 $ 296,449,126 $ 604,152,099 $ 618,457,375
Cost of sales 276,573,968 278,908,888 568,362,211 581,955,233
Gross profit 17,473,902 17,540,238 35,789,888 36,502,142
Selling, general and administrative expenses 15,820,504 14,770,358 31,518,823 30,615,492
Depreciation and amortization 529,969 575,681 1,056,402 1,142,630
Total operating expenses 16,350,473 15,346,039 32,575,225 31,758,122
Operating income 1,123,429 2,194,199 3,214,663 4,744,020
Other expense (income):        
Interest expense 147,910 161,402 365,453 373,856
Other (income), net (14,964) (35,827) (20,737) (63,082)
Total other expenses (income) 132,946 125,575 344,716 310,774
Income from operations before income tax expense 990,483 2,068,624 2,869,947 4,433,246
Income tax expense 502,000 922,000 1,335,000 1,931,000
Net income 488,483 1,146,624 1,534,947 2,502,246
Preferred stock dividend requirements   (48,643)   (97,820)
Net income available to common shareholders $ 488,483 $ 1,097,981 $ 1,534,947 $ 2,404,426
Basic earnings per share available to common shareholders (in dollars per share) $ 0.72 $ 1.81 $ 2.26 $ 3.90
Diluted earnings per share available to common shareholders (in dollars per share) $ 0.71 $ 1.61 $ 2.22 $ 3.46
Basic weighted average shares outstanding (in shares) 678,938 606,080 680,318 615,768
Diluted weighted average shares outstanding (in shares) 688,016 712,547 690,190 723,317
Dividends declared per common share $ 0.46 $ 0.46 $ 0.64 $ 0.64
Dividends paid per common share $ 0.46 $ 0.46 $ 0.64 $ 0.64