v3.22.1
Condensed Statements of Earnings (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Net sales $ 53,495,000 $ 29,692,000 $ 104,604,000 $ 56,784,000
Cost of sales 30,331,000 16,750,000 58,468,000 32,473,000
Gross profit 23,164,000 12,942,000 46,136,000 24,311,000
Operating expenses        
Selling, general and administrative 11,233,000 8,490,000 21,155,000 16,146,000
Income from operations 11,931,000 4,452,000 24,981,000 8,165,000
Net investment income 121,000 123,000 241,000 257,000
Income before income taxes 12,052,000 4,575,000 25,222,000 8,422,000
Income tax expense 2,816,000 935,000 5,596,000 1,619,000
Net income $ 9,236,000 $ 3,640,000 $ 19,626,000 $ 6,803,000
Net income per share Basic (in dollars per share) $ 0.67 $ 0.27 $ 1.43 $ 0.50
Net income per share Diluted (in dollars per share) $ 0.66 $ 0.27 $ 1.41 $ 0.50
Weighted average shares outstanding:        
Basic (in shares) 13,767,341 13,730,150 13,755,291 13,711,135
Diluted (in shares) 13,902,836 13,779,779 13,900,180 13,738,090

Source