CONSOLIDATED STATEMENTS OF INCOME
Thousands of dollars except shares and per share data / year ended august 31
	97	96	95
Sales	$196,634	$194,474	$174,200
Cost of sales	146,081	147,711	126,341
Gross margin	50,553	46,763	47,859
Operating expenses	36,583	34,455	32,886
Income from operations	13,970	12,308	14,973
Other income	1,200		899
Investment income	72	277	418
Interest expense	(5,323)	(5,101)	(5,183)
Income before income taxes	9,919	7,484	11,107
Income taxes	3,294	2,432	3,890
Net income	$ 6,625	$ 5,052	$ 7,217
Weighted average   common shares and   equivalents outstanding	7,131,725	7,007,340	7,018,970
Earnings per share	$ 0.93	$ 0.72	$ 1.03
Dividends declared per share	$ 0.20	$ 0.20	$ 0.20