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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended
Mar. 30, 2013
Mar. 31, 2012
REVENUE:    
Royalties $ 8,474,900 $ 8,288,500
Leasing income 3,407,800 2,392,100
Merchandise sales 665,700 709,800
Franchise fees 414,600 285,000
Other 185,400 158,000
Total revenue 13,148,400 11,833,400
COST OF MERCHANDISE SOLD 641,100 664,300
LEASING EXPENSE 279,700 239,800
PROVISION FOR CREDIT LOSSES 13,800 (53,000)
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 5,537,900 5,136,100
Income from operations 6,675,900 5,846,200
LOSS FROM EQUITY INVESTMENTS   (37,400)
INTEREST EXPENSE (89,500) (69,800)
INTEREST AND OTHER INCOME (EXPENSE) (10,200) 46,300
Income before income taxes 6,576,200 5,785,300
PROVISION FOR INCOME TAXES (2,518,700) (2,269,300)
NET INCOME $ 4,057,500 $ 3,516,000
EARNINGS PER SHARE - BASIC (in dollars per share) $ 0.81 $ 0.70
EARNINGS PER SHARE - DILUTED (in dollars per share) $ 0.78 $ 0.67
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares) 4,997,322 5,052,952
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares) 5,202,696 5,280,202