v3.22.2
Condensed Statements of Earnings (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Net sales $ 71,250,000 $ 38,735,000 $ 175,854,000 $ 95,519,000
Cost of sales 41,943,000 21,598,000 100,411,000 54,071,000
Gross profit 29,307,000 17,137,000 75,443,000 41,448,000
Operating expenses        
Selling, general and administrative 12,721,000 9,435,000 33,877,000 25,581,000
Income from operations 16,586,000 7,702,000 41,566,000 15,867,000
Net investment income 43,000 121,000 284,000 378,000
Income before income taxes 16,629,000 7,823,000 41,850,000 16,245,000
Income tax expense 3,884,000 1,725,000 9,480,000 3,344,000
Net income $ 12,745,000 $ 6,098,000 $ 32,370,000 $ 12,901,000
Net income per share Basic (in dollars per share) $ 0.93 $ 0.44 $ 2.35 $ 0.94
Net income per share Diluted (in dollars per share) $ 0.92 $ 0.44 $ 2.33 $ 0.94
Weighted average shares outstanding:        
Basic (in shares) 13,772,269 13,732,913 13,760,950 13,718,394
Diluted (in shares) 13,899,698 13,812,510 13,900,019 13,762,897

Source