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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Jun. 29, 2024
Jul. 01, 2023
Revenue:        
Leasing income $ 524,400 $ 1,019,800 $ 1,361,200 $ 2,656,800
Total revenue 20,120,500 20,362,200 40,230,200 40,885,800
Leasing expense   54,300 36,600 370,700
Provisions for credit losses   (700) (1,500) (5,300)
Selling, general and administrative expenses 6,241,800 5,810,000 13,059,200 12,446,100
Income from operations 13,017,600 13,250,800 25,235,800 25,639,200
Interest expense (721,400) (779,100) (1,459,200) (1,576,700)
Interest and other income 280,800 292,300 468,800 418,000
Income before income taxes 12,577,000 12,764,000 24,245,400 24,480,500
Provision for income taxes (2,145,600) (2,395,200) (4,995,000) (5,169,000)
Net income $ 10,431,400 $ 10,368,800 $ 19,250,400 $ 19,311,500
Earnings per share - basic (in dollars per share) $ 2.97 $ 2.98 $ 5.49 $ 5.57
Earnings per share - diluted (in dollars per share) $ 2.85 $ 2.85 $ 5.26 $ 5.34
Weighted average shares outstanding - basic 3,513,788 3,478,628 3,505,526 3,469,675
Weighted average shares outstanding - diluted 3,657,439 3,634,688 3,659,405 3,614,462
Royalties        
Revenue:        
Revenue $ 17,774,500 $ 17,105,800 $ 35,043,200 $ 33,853,500
Merchandise sales        
Revenue:        
Revenue 925,500 1,328,100 2,036,000 2,604,100
Cost of merchandise sold 861,100 1,247,800 1,900,100 2,435,100
Franchise fees        
Revenue:        
Revenue 366,900 420,700 731,500 798,900
Other        
Revenue:        
Revenue $ 529,200 $ 487,800 $ 1,058,300 $ 972,500