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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Sep. 28, 2019
Sep. 29, 2018
Revenue:        
Leasing income $ 4,375,500   $ 12,733,800  
Leasing income 4,375,500 $ 4,608,600   $ 14,994,500
Total revenue 19,680,900 19,118,500 55,416,300 55,439,300
Leasing expense 572,400 718,500 1,642,000 1,769,200
Provision for credit losses (55,500) (55,600) 23,900 148,400
Selling, general and administrative expenses 6,217,600 6,208,800 19,637,900 19,702,500
Income from operations 12,274,700 11,435,300 32,188,100 31,584,200
Interest expense (406,200) (576,900) (1,348,700) (1,978,600)
Interest and other income (expense) 500 (1,000) (5,900) (13,300)
Income before income taxes 11,869,000 10,857,400 30,833,500 29,592,300
Provision for income taxes (2,755,200) (2,493,100) (7,145,600) (7,124,600)
Net income $ 9,113,800 $ 8,364,300 $ 23,687,900 $ 22,467,700
Earnings per share - basic (in dollars per share) $ 2.39 $ 2.15 $ 6.19 $ 5.81
Earnings per share - diluted (in dollars per share) $ 2.24 $ 2.01 $ 5.76 $ 5.43
Weighted average shares outstanding - basic 3,808,863 3,886,473 3,829,329 3,864,077
Weighted average shares outstanding - diluted 4,065,301 4,164,339 4,112,318 4,140,816
Royalties        
Revenue:        
Revenue $ 13,808,800 $ 12,865,900 $ 38,223,400 $ 35,735,900
Merchandise sales        
Revenue:        
Revenue 704,500 858,400 2,037,300 2,340,200
Cost of merchandise sold 671,700 811,500 1,924,400 2,235,000
Franchise fees        
Revenue:        
Revenue 377,400 383,300 1,183,100 1,162,300
Other        
Revenue:        
Revenue $ 414,700 $ 402,300 $ 1,238,700 $ 1,206,400