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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 29, 2018
Sep. 30, 2017
Sep. 29, 2018
Sep. 30, 2017
Revenue:        
Leasing income $ 4,608,600 $ 3,915,800 $ 14,994,500 $ 13,722,000
Total revenue 19,118,500 17,730,900 55,439,300 51,971,500
Leasing expense 718,500 792,000 1,769,200 2,724,000
Provision for credit losses (55,600) (13,300) 148,400 (26,200)
Selling, general and administrative expenses 6,208,800 6,184,400 19,702,500 19,165,300
Income from operations 11,435,300 10,039,500 31,584,200 28,166,000
Interest expense (576,900) (613,900) (1,978,600) (1,559,300)
Interest and other income (expense) (1,000) 28,000 (13,300) 29,900
Income before income taxes 10,857,400 9,453,600 29,592,300 26,636,600
Provision for income taxes (2,493,100) (3,593,000) (7,124,600) (9,694,500)
Net income $ 8,364,300 $ 5,860,600 $ 22,467,700 $ 16,942,100
Earnings per share - basic (in dollars per share) $ 2.15 $ 1.46 $ 5.81 $ 4.10
Earnings per share - diluted (in dollars per share) $ 2.01 $ 1.36 $ 5.43 $ 3.84
Weighted average shares outstanding - basic 3,886,473 4,024,692 3,864,077 4,131,269
Weighted average shares outstanding - diluted 4,164,339 4,314,412 4,140,816 4,416,185
Royalties        
Revenue:        
Revenue $ 12,865,900 $ 12,316,700 $ 35,735,900 $ 33,865,100
Merchandise sales        
Revenue:        
Revenue 858,400 773,100 2,340,200 2,058,500
Cost of merchandise sold 811,500 728,300 2,235,000 1,942,400
Franchise fees        
Revenue:        
Revenue 383,300 342,900 1,162,300 1,180,300
Other        
Revenue:        
Revenue $ 402,300 $ 382,400 $ 1,206,400 $ 1,145,600