XML 17 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 30, 2017
Dec. 31, 2016
Dec. 26, 2015
REVENUE:      
Royalties $ 45,643,500 $ 43,994,900 $ 41,908,000
Leasing income 18,470,200 17,283,600 21,565,700
Merchandise sales 2,572,200 2,216,900 2,816,900
Franchise fees 1,529,700 1,624,800 1,788,100
Other 1,530,300 1,460,100 1,369,100
Total revenue 69,745,900 66,580,300 69,447,800
COST OF MERCHANDISE SOLD 2,432,600 2,101,400 2,653,100
LEASING EXPENSE 3,269,100 2,323,800 5,759,300
PROVISION FOR CREDIT LOSSES 9,000 18,500 (149,700)
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 25,250,600 23,835,600 24,094,400
Income from operations 38,784,600 38,301,000 37,090,700
INTEREST EXPENSE (2,366,400) (2,342,800) (1,802,200)
INTEREST AND OTHER INCOME (EXPENSE) 12,900 (12,200) (63,700)
Income before income taxes 36,431,100 35,946,000 35,224,800
PROVISION FOR INCOME TAXES (11,866,000) (13,728,400) (13,425,100)
NET INCOME $ 24,565,100 $ 22,217,600 $ 21,799,700
EARNINGS PER SHARE - BASIC (in dollars per share) $ 6.06 $ 5.39 $ 4.89
EARNINGS PER SHARE - DILUTED (in dollars per share) $ 5.66 $ 5.13 $ 4.69
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares) 4,056,049 4,122,854 4,458,927
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares) 4,339,944 4,330,490 4,651,527