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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) | 12 Months Ended
--- | ---
Sep. 30, 2019 | Sep. 30, 2018
CONSOLIDATED STATEMENTS OF OPERATIONS |  |
Sales (including excise taxes of $370.2 million and $368.4 million, respectively) | $ 1,392,388,157 | $ 1,322,306,658
Cost of sales | 1,308,364,726 | 1,245,375,460
Gross profit | 84,023,431 | 76,931,198
Selling, general and administrative expenses | 72,182,883 | 66,781,234
Depreciation and amortization | 2,617,591 | 2,318,146
Impairment charges | 2,873,269 | 1,912,877
Total operating expenses | 77,673,743 | 71,012,257
Operating income | 6,349,688 | 5,918,941
Other expense (income): |  |
Interest expense | 1,598,864 | 1,194,373
Other (income), net | (61,119) | (54,042)
Total other expenses (income) | 1,537,745 | 1,140,331
Income from operations before income taxes | 4,811,943 | 4,778,610
Income tax expense | 1,609,000 | 1,164,000
Net income available to common shareholders | $ 3,202,943 | $ 3,614,610
Basic earnings per share available to common shareholders (in dollars per share) | $ 5.36 | $ 5.47
Diluted earnings per share available to common shareholders (in dollars per share) | $ 5.25 | $ 5.38
Basic weighted average shares outstanding (in shares) | 597,961 | 660,925
Diluted weighted average shares outstanding (in shares) | 609,836 | 672,449
Dividends declared per common share | $ 1.00 | $ 1.00

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