XML 29 R2.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Nov. 30, 2019
Nov. 30, 2018
Condensed Consolidated Statements of Income    
Net sales $ 56,040 $ 50,786
Cost of sales 40,144 36,677
Gross margin 15,896 14,109
Operating expenses:    
Selling, general and administrative expenses 12,602 11,490
Income from operations 3,294 2,619
Other (expense) income:    
Net (loss) gain on trading securities (80) 228
Loss on sale of real property (102)  
Interest and other expense (119) (77)
Other (expense) income, net (301) 151
Income before income taxes 2,993 2,770
Provision for income taxes 1,076 845
Net income 1,917 1,925
Less: accrued preferred stock dividends (19) (19)
Net income attributable to common shareholders $ 1,898 $ 1,906
Basic and diluted earnings per common share: $ 0.39 $ 0.39
Basic and diluted weighted average common shares outstanding 4,861,590 4,861,590