CONDENSED STATEMENTS OF EARNINGS - USD ($)
|
3 Months Ended |
May 31, 2021 |
May 31, 2020 |
| NET REVENUES |
$ 40,807,900
|
$ 38,291,700
|
| COST OF GOODS SOLD |
12,029,900
|
11,395,500
|
| Gross margin |
28,778,000
|
26,896,200
|
| OPERATING EXPENSES |
|
|
| Operating and selling |
6,442,600
|
6,340,200
|
| Sales commissions |
12,966,700
|
13,600,500
|
| General and administrative |
5,139,000
|
4,536,000
|
| Total operating expenses |
24,548,300
|
24,476,700
|
| INTEREST EXPENSE |
167,800
|
182,200
|
| OTHER INCOME |
(598,700)
|
(406,600)
|
| EARNINGS BEFORE INCOME TAXES |
4,660,600
|
2,643,900
|
| INCOME TAXES |
1,222,500
|
712,800
|
| NET EARNINGS |
$ 3,438,100
|
$ 1,931,100
|
| BASIC AND DILUTED EARNINGS PER SHARE |
|
|
| Basic (in Dollars per share) |
$ 0.43
|
$ 0.23
|
| Diluted (in Dollars per share) |
$ 0.41
|
$ 0.23
|
| WEIGHTED AVERAGE NUMBER OF COMMON AND EQUIVALENT SHARES OUTSTANDING |
|
|
| Basic (in Shares) |
8,029,264
|
8,352,424
|
| Diluted (in Shares) |
8,481,980
|
8,352,424
|
| Dividends per share (in Dollars per share) |
$ 0.10
|
$ 0.06
|
| Gross Sales [Member] |
|
|
| REVENUES |
$ 52,391,600
|
$ 46,896,900
|
| Discounts and Allowances [Member] |
|
|
| Less discounts and allowances |
(15,954,100)
|
(12,895,900)
|
| Transportation Revenue [Member] |
|
|
| REVENUES |
$ 4,370,400
|
$ 4,290,700
|