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CONDENSED STATEMENTS OF INCOME
(unaudited)
Three Months Ended Six Months Ended
September 30, September 30, September 30, September 30,
2008 2007 2008 2007
Sales $80,386,435 $48,143,856 $145,513,749 $96,766,581
Cost of sales 62,596,563 36,268,357 113,475,194 73,060,531
Gross margin 17,789,872 11,875,499 32,038,555 23,706,050
Selling, general
and administrative
expenses 6,615,868 7,498,645 13,241,594 14,993,929
Income from
operations 11,174,004 4,376,854 18,796,961 8,712,121
Investment income 115,088 312,265 256,508 614,568
Income before
income taxes 11,289,092 4,689,119 19,053,469 9,326,689
Provision for
income taxes 4,466,000 1,767,700 7,354,500 3,454,200
Net income $6,823,092 $2,921,419 $11,698,969 $5,872,489
Weighted average
number of shares
outstanding - basic 10,243,567 10,211,827 10,241,524 10,198,531
Weighted average
number of shares
outstanding
- diluted 10,248,217 10,241,865 10,252,046 10,223,228
Earnings per share
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