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Condensed Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
May 31, 2012
May 31, 2011
May 31, 2012
May 31, 2011
Distribution sales $ 30,019 $ 26,475 $ 83,283 $ 76,513
Cost of goods sold 21,417 19,273 60,197 55,850
Gross profit from distribution operations 8,602 7,202 23,086 20,663
Rental revenue 314 310 937 933
Cost of rental operations 188 101 481 443
Gross profit from rental operations 126 209 456 490
Operating expenses:        
Selling, general and administrative expenses 6,826 6,032 20,150 18,168
Total operating expenses 6,826 6,032 20,150 18,168
Income from operations 1,902 1,379 3,392 2,985
Non-operating income (expense):        
(Loss) gain on sale of trading securities (17) 69 45 322
Unrealized gain (loss) on trading securities 68 (120) 353 20
Interest expense, net (185) (188) (544) (575)
Total non-operating expense (134) (239) (146) (233)
Net income before income taxes 1,768 1,140 3,246 2,752
Provision for income taxes 811 519 1,261 998
Net income 957 621 1,985 1,754
Cumulative preferred stock dividend (19) (19) (57) (57)
Net income attributable to common shareholders $ 938 $ 602 $ 1,928 $ 1,697
Basic and diluted earnings per share (in dollars per share) $ 0.19 $ 0.12 $ 0.40 $ 0.35
Basic and diluted weighted average common shares outstanding (in shares) 4,861,590 4,861,590 4,861,590 4,861,590