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Consolidated Statements of Income (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Aug. 31, 2014
Aug. 31, 2013
Aug. 31, 2014
Aug. 31, 2013
Revenues        
Sales $ 6,673,729 $ 6,686,149 $ 14,524,780 $ 14,864,838
Franchise and royalty fees 2,783,719 1,977,012 5,254,874 3,976,185
Total revenues 9,457,448 8,663,161 19,779,654 18,841,023
Costs and Expenses        
Cost of sales, exclusive of depreciation and amortization expense of $100,825, $72,509, $190,452 and $144,379, respectively 3,867,671 3,700,926 8,701,142 8,728,090
Franchise costs 519,387 519,649 1,064,945 998,459
Sales and marketing 583,792 462,721 1,229,859 968,158
General and administrative 1,175,068 1,208,115 2,586,501 2,478,819
Retail operating 932,601 944,013 1,972,555 1,784,975
Depreciation and amortization 365,127 235,997 739,539 471,753
Restructuring and acquisition related charges 584,661   709,212  
Total costs and expenses 8,028,307 7,071,421 17,003,753 15,430,254
Income from Operations 1,429,141 1,591,740 2,775,901 3,410,769
Other Income (Expense)        
Interest expense (61,334)   (122,667)  
Interest income 14,557 15,324 27,066 26,988
Other Income (Expense), net (46,777) 15,324 (95,601) 26,988
Income Before Income Taxes 1,382,364 1,607,064 2,680,300 3,437,757
Income Tax Provision 453,001 510,568 813,665 1,094,722
Consolidated Net Income 929,363 1,096,496 1,866,635 2,343,035
Less: Net income (loss) attributable to non-controlling interest 52,007 68,712 277,945 135,944
Net Income attributable to RMCF $ 877,356 $ 1,027,784 $ 1,588,690 $ 2,207,091
Basic Earnings per Common Share (in Dollars per share) $ 0.14 $ 0.17 $ 0.26 $ 0.36
Diluted Earnings per Common Share (in Dollars per share) $ 0.14 $ 0.16 $ 0.25 $ 0.35
Weighted Average Common Shares Outstanding (in Shares) 6,191,974 6,097,278 6,175,530 6,083,979
Dilutive Effect of Stock Options (in Shares) 247,729 388,051 288,460 312,733
Weighted Average Common Shares Outstanding, Assuming Dilution (in Shares) 6,439,703 6,485,329 6,463,990 6,396,712