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Note 21 - Quarterly Information (Unaudited)

12 Months Ended

Aug. 31, 2015

Notes to Financial Statements

Quarterly Financial Information [Text Block]

21. QUARTERLY INFORMATION (UNAUDITED)

		Fiscal Quarter Ended
		November 30				February 28				May 31				August 31
Fiscal year 2015:
Net sales		$	7,214,095			$	6,728,709			$	8,277,575			$	8,102,314
Gross profit			2,407,484				2,070,969				2,682,368				2,605,940
Income before income tax expense			1,647,780				139,149				1,183,180				195,925
Income tax expense			183,684				197,614				114,180				153,196
Net income (loss)			1,464,096				(58,465	)			1,069,000				42,729
Net income attributable to non-controlling interests			455,831				70,179				163,565				38,214
Net income (loss) attributable to NTIC			1,008,265				(128,644	)			905,435				4,515

Net income (loss) per share:
Basic		$	0.22			$	(0.03	)		$	0.20			$	0.00
Diluted		$	0.22			$	(0.03	)		$	0.20			$	0.00

Weighted average common shares assumed outstanding:
Basic			4,518,973				4,522,514				4,525,109				4,529,251
Diluted			4,659,621				4,522,514				4,594,992				4,585,196

		Fiscal Quarter Ended
		November 30				February 28				May 31				August 31
Fiscal year 2014:
Net sales		$	6,309,100			$	6,219,008			$	6,920,820			$	7,377,180
Gross profit			2,151,069				2,167,175				2,251,498				2,453,213
Income before income tax expense			1,502,418				1,643,828				1,759,537				1,757,291
Income tax expense			198,000				259,759				361,280				305,623
Net income			1,304,418				1,384,069				1,398,257				1,451,668
Net income attributable to non-controlling interests			445,832				359,025				418,040				209,143
Net income attributable to NTIC			858,586				1,025,044				980,217				1,242,527

Net income per share:
Basic		$	0.19			$	0.23			$	0.22			$	0.28
Diluted		$	0.19			$	0.22			$	0.21			$	0.27

Weighted average common shares assumed outstanding:
Basic			4,434,770				4,434,837				4,461,880				4,487,478
Diluted			4,552,669				4,579,603				4,590,344				4,592,208