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Condensed Consolidated Statements of Income - USD ($)
3 Months Ended 9 Months Ended
May 31, 2020
May 31, 2019
May 31, 2020
May 31, 2019
Condensed Consolidated Statements of Income        
Net sales $ 54,923,000 $ 57,840,000 $ 167,791,000 $ 161,185,000
Cost of sales 40,069,000 41,715,000 121,242,000 116,439,000
Gross margin 14,854,000 16,125,000 46,549,000 44,746,000
Operating expenses:        
Selling, general and administrative expenses 12,732,000 12,353,000 38,007,000 35,563,000
Income from operations 2,122,000 3,772,000 8,542,000 9,183,000
Other income (expense):        
Net gain on trading securities 384,000 413,000 775,000 515,000
Loss on sale of property (28,000)   (130,000)  
Interest and other (expense) (40,000) (128,000) (224,000) (330,000)
Other income, net 316,000 285,000 421,000 185,000
Income before income taxes 2,438,000 4,057,000 8,963,000 9,368,000
Provision for income taxes 683,000 1,113,000 2,693,000 2,538,000
Net income 1,755,000 2,944,000 6,270,000 6,830,000
Cumulative preferred stock dividend (19,000) (19,000) (57,000) (57,000)
Net income attributable to common shareholders $ 1,736,000 $ 2,925,000 $ 6,213,000 $ 6,773,000
Basic and diluted earnings per share: $ 0.36 $ 0.60 $ 1.28 $ 1.39
Basic and diluted weighted average common shares outstanding 4,861,590 4,861,590 4,861,590 4,861,590