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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
May 31, 2024
May 31, 2023
May 31, 2024
May 31, 2023
Condensed Consolidated Statements of Income (Unaudited)        
Net sales $ 96,121 $ 80,249 $ 259,711 $ 233,493
Cost of sales 68,193 57,008 183,184 166,325
Gross margin 27,928 23,241 76,527 67,168
Operating expenses:        
Selling, general and administrative expenses 26,314 16,277 61,129 47,568
Impairment on termination of lease     3,906  
Income from operations 1,614 6,964 11,492 19,600
Other income (expense):        
Net (loss) gain on trading securities (24) 163 (45) 784
Interest and other (expense) (44) (36) (128) (38)
Other (expense) income, net (68) 127 (173) 746
Income before income taxes 1,546 7,091 11,319 20,346
Provision for income taxes 362 1,772 2,858 5,216
Net income 1,184 5,319 8,461 15,130
Cumulative preferred stock dividend (19) (19) (57) (57)
Net income available for common shareholders $ 1,165 $ 5,300 $ 8,404 $ 15,073
Basic earnings per share: $ 0.24 $ 1.09 $ 1.73 $ 3.10
Diluted earnings per share: $ 0.24 $ 1.09 $ 1.73 $ 3.09
Basic weighted average common shares outstanding 4,861,590 4,861,590 4,861,590 4,861,590
Diluted weighted average common shares outstanding 4,901,590 4,901,590 4,901,590 4,901,590