XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
 3 Months Ended 6 Months Ended
Jun. 26, 2021
Jun. 27, 2020
Jun. 26, 2021
Jun. 27, 2020
Revenue:        
Leasing income $ 2,848,600 $ 3,473,800 $ 6,085,600 $ 9,345,000
Total revenue 19,029,600 12,389,500 37,688,500 30,989,500
Leasing expense 662,400 516,600 1,051,900 1,932,800
Provisions charged to expense (62,700) (111,500) (111,400) 503,900
Selling, general and administrative expenses 5,805,200 4,960,500 10,907,500 10,709,400
Income from operations 11,976,900 6,677,800 24,633,900 16,779,600
Interest expense (304,300) (538,700) (622,400) (1,063,900)
Interest and other income 4,900 12,600 11,700 18,500
Income before income taxes 11,677,500 6,151,700 24,023,200 15,734,200
Provision for income taxes (2,740,200) (1,096,500) (5,774,800) (3,362,000)
Net income $ 8,937,300 $ 5,055,200 $ 18,248,400 $ 12,372,200
Earnings per share - basic (in dollars per share) $ 2.42 $ 1.37 $ 4.91 $ 3.34
Earnings per share - diluted (in dollars per share) $ 2.33 $ 1.33 $ 4.74 $ 3.21
Weighted average shares outstanding - basic 3,693,503 3,688,248 3,715,088 3,699,923
Weighted average shares outstanding - diluted 3,830,844 3,803,807 3,852,534 3,857,779
Royalties        
Revenue:        
Revenue $ 14,716,500 $ 7,805,800 $ 28,765,300 $ 18,978,300
Merchandise sales        
Revenue:        
Revenue 683,100 361,500 1,275,500 1,115,600
Cost of merchandise sold 647,800 346,100 1,206,600 1,063,800
Franchise fees        
Revenue:        
Revenue 358,900 342,100 717,900 729,500
Other        
Revenue:        
Revenue $ 422,500 $ 406,300 $ 844,200 $ 821,100