|
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
May 31, 2014
|
May 31, 2013
|
May 31, 2014
|
May 31, 2013
|
|
| Income Statement [Abstract] | ||||
| Sales | $ 119,429 | $ 121,719 | $ 334,786 | $ 349,823 |
| Cost of sales | 104,561 | 108,528 | 297,041 | 312,373 |
| Gross margin | 14,868 | 13,191 | 37,745 | 37,450 |
| Operating expenses | 8,668 | 7,326 | 24,319 | 22,269 |
| Research and development expenses | 1,275 | 1,590 | 3,950 | 4,356 |
| Income from operations | 4,925 | 4,275 | 9,476 | 10,825 |
| Interest expense | (935) | (998) | (2,564) | (3,062) |
| Other non-operating income, net | 1,014 | 146 | 1,028 | 68 |
| Income before income taxes | 5,004 | 3,423 | 7,940 | 7,831 |
| Income tax expense | 1,933 | 1,365 | 3,142 | 2,875 |
| Net income | $ 3,071 | $ 2,058 | $ 4,798 | $ 4,956 |
| Weighted-average common shares and equivalents outstanding: | ||||
| Basic | 12,532 | 12,395 | 12,502 | 12,349 |
| Diluted | 12,875 | 12,670 | 12,847 | 12,548 |
| Earnings per common share: | ||||
| Basic earnings per share | $ 0.24 | $ 0.17 | $ 0.38 | $ 0.40 |
| Diluted earnings per share | $ 0.24 | $ 0.16 | $ 0.37 | $ 0.39 |