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Segment Reporting:
 6 Months Ended
Jun. 26, 2021
Segment Reporting:  
Segment Reporting:

11. Segment Reporting:

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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 the Company’s equipment leasing 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:

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Three Months Ended

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Six Months Ended

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June 26, 2021

    

June 27, 2020

    

June 26, 2021

    

June 27, 2020

    

Revenue:

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Franchising

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$

16,181,000

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$

8,915,700

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$

31,602,900

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$

21,644,500

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Leasing

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2,848,600

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3,473,800

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6,085,600

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9,345,000

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Total revenue

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$

19,029,600

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$

12,389,500

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$

37,688,500

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$

30,989,500

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Reconciliation to operating income:

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Franchising segment contribution

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$

10,546,900

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$

4,599,700

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$

21,271,400

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$

11,811,100

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Leasing segment contribution

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1,430,000

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2,078,100

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3,362,500

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4,968,500

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Total operating income

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$

11,976,900

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$

6,677,800

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$

24,633,900

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$

16,779,600

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Depreciation and amortization:

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Franchising

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$

62,300

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$

72,700

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$

128,200

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$

145,300

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Leasing

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47,100

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50,200

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95,000

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100,700

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Total depreciation and amortization

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$

109,400

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$

122,900

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$

223,200

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$

246,000

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As of

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June 26, 2021

    

December 26, 2020

Identifiable assets:

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Franchising

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$

3,662,500

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$

4,848,300

Leasing

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8,355,000

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14,462,600

Unallocated

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15,001,900

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12,032,300

Total

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$

27,019,400

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$

31,343,200

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