CONDENSED STATEMENTS OF EARNINGS - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Nov. 30, 2021 |
Nov. 30, 2020 |
Nov. 30, 2021 |
Nov. 30, 2020 |
|
| NET REVENUES | $ 45,112,300 | $ 66,750,300 | $ 118,914,600 | $ 164,292,100 |
| COST OF GOODS SOLD | 13,897,300 | 19,597,800 | 36,426,000 | 48,302,800 |
| Gross margin | 31,215,000 | 47,152,500 | 82,488,600 | 115,989,300 |
| OPERATING EXPENSES | ||||
| Operating and selling | 7,354,500 | 11,616,200 | 19,037,000 | 28,488,300 |
| Sales commissions | 14,515,500 | 22,960,300 | 37,587,400 | 56,865,200 |
| General and administrative | 5,915,000 | 7,082,200 | 15,847,900 | 17,282,200 |
| Total operating expenses | 27,785,000 | 41,658,700 | 72,472,300 | 102,635,700 |
| INTEREST EXPENSE | 228,300 | 119,300 | 609,800 | 441,500 |
| OTHER INCOME | (400,900) | (399,800) | (1,514,800) | (1,305,600) |
| EARNINGS BEFORE INCOME TAXES | 3,602,600 | 5,774,300 | 10,921,300 | 14,217,700 |
| INCOME TAXES | 956,000 | 1,504,700 | 2,938,400 | 3,762,000 |
| NET EARNINGS | $ 2,646,600 | $ 4,269,600 | $ 7,982,900 | $ 10,455,700 |
| BASIC AND DILUTED EARNINGS PER SHARE | ||||
| Basic (in Dollars per share) | $ 0.33 | $ 0.51 | $ 0.99 | $ 1.25 |
| Diluted (in Dollars per share) | $ 0.31 | $ 0.51 | $ 0.94 | $ 1.25 |
| WEIGHTED AVERAGE NUMBER OF COMMON AND EQUIVALENT SHARES OUTSTANDING | ||||
| Basic (in Shares) | 8,029,060 | 8,355,831 | 8,028,973 | 8,354,156 |
| Diluted (in Shares) | 8,430,221 | 8,355,831 | 8,449,183 | 8,354,156 |
| Dividends per share (in Dollars per share) | $ 0.1 | $ 0.1 | $ 0.3 | $ 0.22 |
| Gross Sales [Member] | ||||
| REVENUES | $ 58,032,800 | $ 83,137,500 | $ 154,611,500 | $ 203,717,200 |
| Discounts and Allowances [Member] | ||||
| WEIGHTED AVERAGE NUMBER OF COMMON AND EQUIVALENT SHARES OUTSTANDING | ||||
| Less discounts and allowances | (16,978,600) | (24,131,100) | (47,446,200) | (58,390,400) |
| Transportation Revenue [Member] | ||||
| REVENUES | $ 4,058,100 | $ 7,743,900 | $ 11,749,300 | $ 18,965,300 |