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Segment Reporting:
 6 Months Ended
Jun. 25, 2011
Segment Reporting:  
Segment Reporting:

12.  Segment Reporting:

 

The Company currently has two reportable business segments, franchising and leasing.  The franchising segment franchises value-oriented retail store concepts that buy, sell, trade and consign merchandise.  The leasing segment includes (i) Winmark Capital Corporation, a middle-market equipment leasing business and (ii) Wirth Business Credit, Inc., a small ticket financing business.  Segment reporting is intended to give financial statement users a better view of how the Company manages and evaluates its businesses. The Company’s internal management reporting is the basis for the information disclosed for its business segments and includes allocation of shared-service costs.  Segment assets are those that are directly used in or identified with segment operations, including cash, accounts receivable, prepaids, inventory, property and equipment and investment in leasing operations. Unallocated assets include corporate cash and cash equivalents, marketable securities, current and long-term investments, deferred tax amounts and other corporate assets.  Inter-segment balances and transactions have been eliminated.

 

The following tables summarize financial information by segment and provide a reconciliation of segment contribution to operating income:

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 25, 2011

 

June 26, 2010

 

June 25, 2011

 

June 26, 2010

 

Revenue:

 

 

 

 

 

 

 

 

 

Franchising

 

$

8,224,600

 

$

7,513,300

 

$

16,074,500

 

$

14,811,200

 

Leasing

 

7,000,200

 

2,365,800

 

10,255,200

 

4,910,700

 

Total revenue

 

$

15,224,800

 

$

9,879,100

 

$

26,329,700

 

$

19,721,900

 

 

 

 

 

 

 

 

 

 

 

Reconciliation to operating income:

 

 

 

 

 

 

 

 

 

Franchising segment contribution

 

$

3,712,300

 

$

3,402,000

 

$

7,453,100

 

$

6,777,000

 

Leasing segment contribution

 

2,371,800

 

800,600

 

3,843,000

 

1,222,100

 

Total operating income

 

$

6,084,100

 

$

4,202,600

 

$

11,296,100

 

$

7,999,100

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization:

 

 

 

 

 

 

 

 

 

Leasing

 

$

3,700

 

$

3,500

 

$

7,100

 

$

7,300

 

Allocated

 

118,500

 

115,000

 

235,600

 

230,700

 

Total depreciation and amortization

 

$

122,200

 

$

118,500

 

$

242,700

 

$

238,000

 

 

 

 

As of

 

 

 

 

 

 

 

June 25, 2011

 

December 25, 2010

 

 

 

 

 

Identifiable assets:

 

 

 

 

 

 

 

 

 

Franchising

 

$

2,779,700

 

$

2,788,000

 

 

 

 

 

Leasing

 

30,754,600

 

32,962,300

 

 

 

 

 

Unallocated

 

6,304,400

 

6,371,700

 

 

 

 

 

Total

 

$

39,838,700

 

$

42,122,000