XML 30 R19.htm IDEA: XBRL DOCUMENT v3.19.2

Segment Reporting:

6 Months Ended

Jun. 29, 2019

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, as well as provides strategic consulting services related to franchising. 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, restricted cash, accounts receivable, prepaid expenses, inventory, property and equipment, investment in leasing operations and goodwill. Unallocated assets include corporate cash and cash equivalents, current and deferred tax amounts, operating lease right of use assets 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 29, 2019			June 30, 2018			June 29, 2019			June 30, 2018
Revenue:
Franchising		$	14,201,200		$	13,302,700		$	27,377,100		$	25,934,900
Leasing			3,203,000			4,857,100			8,358,300			10,385,900
Total revenue		$	17,404,200		$	18,159,800		$	35,735,400		$	36,320,800
Reconciliation to operating income:
Franchising segment contribution		$	8,450,800		$	7,407,500		$	15,948,800		$	14,200,000
Leasing segment contribution			1,396,100			2,667,200			3,964,600			5,948,900
Total operating income		$	9,846,900		$	10,074,700		$	19,913,400		$	20,148,900
Depreciation and amortization:
Franchising		$	67,400		$	60,700		$	129,900		$	117,900
Leasing			18,500			18,600			36,100			37,200
Total depreciation and amortization		$	85,900		$	79,300		$	166,000		$	155,100

		As of
		June 29, 2019			December 29, 2018
Identifiable assets:
Franchising		$	4,183,300		$	5,208,400
Leasing			34,248,100			40,490,000
Unallocated			7,724,700			964,700
Total		$	46,156,100		$	46,663,100

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

Name:	us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration