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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, 2013
May 31, 2012
May 31, 2013
May 31, 2012
Distribution sales $ 31,124 $ 30,019 $ 88,566 $ 83,283
Cost of goods sold 22,273 21,417 63,719 60,197
Gross profit from distribution operations 8,851 8,602 24,847 23,086
Rental revenue 244 314 582 937
Cost of rental operations 132 188 319 481
Gross profit from rental operations 112 126 263 456
Operating expenses:        
Selling, general and administrative expenses 7,708 6,826 22,318 20,150
Total operating expenses 7,708 6,826 22,318 20,150
Income from operations 1,255 1,902 2,792 3,392
Non-operating income (expense):        
(Loss) gain on sale of trading securities 64 (17) (14) 45
Unrealized gain (loss) on trading securities 21 68 (20) 353
Gain on sale of asset 240 0 780 0
Interest expense, net (158) (185) (491) (544)
Total non-operating income (expense) 167 (134) 255 (146)
Net income before income taxes 1,422 1,768 3,047 3,246
Provision for income taxes 138 811 739 1,261
Net income 1,284 957 2,308 1,985
Cumulative preferred stock dividend (19) (19) (57) (57)
Net income attributable to common shareholders $ 1,265 $ 938 $ 2,251 $ 1,928
Basic and diluted earnings per share (in dollars per share) $ 0.26 $ 0.19 $ 0.46 $ 0.40
Basic and diluted weighted average common shares outstanding (in shares) 4,861,590 4,861,590 4,861,590 4,861,590