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Segment Reporting:
 12 Months Ended
Dec. 26, 2015
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 the 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, long-term investments, current and 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:

 

 

 

Year Ended

 

 

 

December 26, 2015

 

December 27, 2014

 

December 28, 2013

 

Revenue:

 

 

 

 

 

 

 

Franchising

 

$
47,882,100 

 

$
44,931,400 

 

$
41,207,100 

 

Leasing

 
21,565,700 

 
16,247,300 

 
14,524,100 

 

 

 

 

 

 

 

 

 

Total revenue

 

$
69,447,800 

 

$
61,178,700 

 

$
55,731,200 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation to operating income:

 

 

 

 

 

 

 

Franchising segment contribution

 

$
26,891,000 

 

$
23,631,800 

 

$
21,867,700 

 

Leasing segment contribution

 
10,199,700 

 
9,427,500 

 
7,912,300 

 

 

 

 

 

 

 

 

 

Total operating income

 

$
37,090,700 

 

$
33,059,300 

 

$
29,780,000 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation:

 

 

 

 

 

 

 

Franchising

 

$
341,600 

 

$
325,100 

 

$
339,600 

 

Leasing

 
91,000 

 
86,900 

 
91,900 

 

 

 

 

 

 

 

 

 

Total depreciation

 

$
432,600 

 

$
412,000 

 

$
431,500 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of

 

 

 

December 26, 2015

 

December 27, 2014

 

Identifiable assets:

 

 

 

 

 

Franchising

 

$
3,100,900 

 

$
3,258,300 

 

Leasing

 
39,687,400 

 
44,870,800 

 

Unallocated

 
4,618,000 

 
6,598,700 

 

 

 

 

 

 

 

Total

 

$
47,406,300 

 

$
54,727,800 

 

 

 

 

 

 

 

 

 

 

Revenues are all generated from United States operations other than franchising revenues from Canadian operations of $2.9 million, $2.9 million and $2.7 million in each of fiscal 2015, 2014 and 2013, respectively.  All long-lived assets are located within the United States.