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Condensed Consolidated Statements of Income - USD ($)
3 Months Ended 6 Months Ended
May 06, 2023
May 07, 2022
May 06, 2023
May 07, 2022
Income Statement [Abstract]        
Net sales $ 16,779,597 $ 10,645,046 $ 33,944,350 $ 21,453,316
Cost of sales (10,826,286) (7,623,128) (22,119,443) (15,703,170)
Gross profit 5,953,311 3,021,918 11,824,907 5,750,146
Selling, general and administrative expenses (2,215,198) (1,378,606) (4,250,675) (2,795,149)
Operating income 3,738,113 1,643,312 7,574,232 2,954,997
Other income (loss):        
Interest income 169,982 39,577 310,015 114,257
Undistributed earnings in joint venture - Majestic 21 25,622 12,665 48,448 25,222
Proceeds received under escrow arrangement 94,165 115,454 94,165 233,499
Decrease in fair value of equity investment (111,075) (19,681) (129,017) (23,774)
Gain on disposal of property, plant and equipment 0 88,936 0 88,936
Miscellaneous 18,590 12,352 26,362 25,908
Total other income 197,284 249,303 349,973 464,048
Income before provision for income taxes 3,935,397 1,892,615 7,924,205 3,419,045
Income tax expense (1,076,548) (435,789) (2,008,389) (805,185)
Net income $ 2,858,849 $ 1,456,826 $ 5,915,816 $ 2,613,860
Net income per share:        
Basic 3,370,157 3,476,508 3,370,534 3,504,655
Diluted 3,373,036 3,487,516 3,372,417 3,515,994
Basic $ 0.85 $ 0.42 $ 1.76 $ 0.75
Diluted $ 0.85 $ 0.42 $ 1.75 $ 0.74