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Condensed Consolidated Statements of Income - USD ($)
3 Months Ended
Nov. 30, 2020
Nov. 30, 2019
Condensed Consolidated Statements of Income    
Net sales $ 53,403,000 $ 56,040,000
Cost of sales 38,951,000 40,144,000
Gross margin 14,452,000 15,896,000
Operating expenses:    
Selling, general and administrative expenses 12,681,000 12,602,000
Income from operations 1,771,000 3,294,000
Other (expense):    
Net loss on trading securities (553,000) (80,000)
Loss on sale of real property   (102,000)
Interest and other expense, net (69,000) (119,000)
Other (expense), net (622,000) (301,000)
Income before income taxes 1,149,000 2,993,000
Provision for income taxes 298,000 1,076,000
Net income 851,000 1,917,000
Cumulative preferred stock dividend (19,000) (19,000)
Net income attributable to common shareholders $ 832,000 $ 1,898,000
Basic and diluted earnings per common share $ 0.17 $ 0.39
Basic and diluted weighted average common shares outstanding 4,861,590 4,861,590