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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 27, 2015
Jun. 28, 2014
Jun. 27, 2015
Jun. 28, 2014
REVENUE:        
Royalties $ 10,214,400 $ 9,200,800 $ 19,940,600 $ 18,010,800
Leasing income 3,663,300 3,157,600 13,672,900 7,533,200
Merchandise sales 686,300 685,800 1,420,000 1,473,800
Franchise fees 475,900 607,500 770,300 956,500
Other 436,800 387,200 697,000 617,200
Total revenue 15,476,700 14,038,900 36,500,800 28,591,500
COST OF MERCHANDISE SOLD 645,800 659,300 1,344,000 1,414,000
LEASING EXPENSE 510,500 119,100 4,767,900 425,700
PROVISION FOR CREDIT LOSSES (93,100) (11,100) (162,200) 27,800
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 6,329,300 6,179,000 12,492,800 12,196,900
Income from operations 8,084,200 7,092,600 18,058,300 14,527,100
INTEREST EXPENSE (369,500) (144,100) (455,200) (206,200)
INTEREST AND OTHER INCOME (EXPENSE) 9,700 900 (49,400) 1,000
Income before income taxes 7,724,400 6,949,400 17,553,700 14,321,900
PROVISION FOR INCOME TAXES (2,973,000) (2,668,600) (6,748,000) (5,489,200)
NET INCOME $ 4,751,400 $ 4,280,800 $ 10,805,700 $ 8,832,700
EARNINGS PER SHARE - BASIC (in dollars per share) $ 1.04 $ 0.84 $ 2.26 $ 1.72
EARNINGS PER SHARE - DILUTED (in dollars per share) $ 1.00 $ 0.82 $ 2.18 $ 1.67
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares) 4,578,934 5,109,049 4,789,205 5,128,789
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares) 4,768,777 5,243,123 4,968,122 5,275,539