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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jul. 01, 2017
Jun. 30, 2018
Jul. 01, 2017
Revenue:        
Leasing income $ 4,857,100 $ 3,946,600 $ 10,385,900 $ 9,806,200
Total revenue 18,159,800 16,429,700 36,320,800 34,240,600
Leasing expense 495,800 660,600 1,050,700 1,932,000
Provision for credit losses 109,000 (11,500) 204,000 (12,900)
Selling, general and administrative expenses 6,799,300 6,468,400 13,493,700 12,980,900
Income from operations 10,074,700 8,813,100 20,148,900 18,126,500
Interest expense (657,900) (446,300) (1,401,700) (945,400)
Interest and other income (expense) (11,300) 100 (12,300) 1,900
Income before income taxes 9,405,500 8,366,900 18,734,900 17,183,000
Provision for income taxes (2,262,500) (2,836,200) (4,631,500) (6,101,500)
Net income $ 7,143,000 $ 5,530,700 $ 14,103,400 $ 11,081,500
Earnings per share - basic (in dollars per share) $ 1.85 $ 1.32 $ 3.66 $ 2.65
Earnings per share - diluted (in dollars per share) $ 1.73 $ 1.23 $ 3.42 $ 2.48
Weighted average shares outstanding - basic 3,858,446 4,201,982 3,852,880 4,184,558
Weighted average shares outstanding - diluted 4,133,535 4,483,647 4,129,055 4,467,072
Royalties        
Revenue:        
Revenue $ 11,821,000 $ 11,094,400 $ 22,870,000 $ 21,548,400
Merchandise sales        
Revenue:        
Revenue 704,900 537,100 1,481,800 1,285,400
Cost of merchandise sold 681,000 499,100 1,423,500 1,214,100
Franchise fees        
Revenue:        
Revenue 378,100 468,800 779,000 837,400
Other        
Revenue:        
Revenue $ 398,700 $ 382,800 $ 804,100 $ 763,200