|
Condensed Consolidated Statements of Operations (USD $)
|
3 Months Ended |
|
Dec. 31, 2013
|
Dec. 31, 2012
|
| Condensed Consolidated Statements of Operations |
|
|
| Sales (including excise taxes of $97.3 million and $98.0 million at December 2013 and December 2012, respectively) |
$ 305,625,557 |
$ 302,218,321 |
| Cost of sales |
285,984,494 |
282,988,532 |
| Gross profit |
19,641,063 |
19,229,789 |
| Selling, general and administrative expenses |
16,492,263 |
15,848,472 |
| Depreciation and amortization |
624,040 |
593,862 |
| Total operating expenses |
17,116,303 |
16,442,334 |
| Operating income |
2,524,760 |
2,787,455 |
| Other expense (income): |
|
|
| Interest expense |
301,995 |
316,052 |
| Other (income), net |
(30,231) |
(61,349) |
| Total other expenses (income) |
271,764 |
254,703 |
| Income from operations before income tax expense |
2,252,996 |
2,532,752 |
| Income tax expense |
965,000 |
1,070,000 |
| Net income |
1,287,996 |
1,462,752 |
| Preferred stock dividend requirements |
(49,177) |
(59,291) |
| Net income available to common shareholders |
$ 1,238,819 |
$ 1,403,461 |
| Basic earnings per share available to common shareholders (in dollars per share) |
$ 1.99 |
$ 2.26 |
| Diluted earnings per share available to common shareholders (in dollars per share) |
$ 1.73 |
$ 1.90 |
| Basic weighted average shares outstanding (in shares) |
622,226 |
622,277 |
| Diluted weighted average shares outstanding (in shares) |
744,568 |
767,957 |