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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Jun. 29, 2019
Jun. 30, 2018
Revenue:        
Leasing income $ 3,203,000   $ 8,358,300  
Leasing income 3,203,000 $ 4,857,100   $ 10,385,900
Total revenue 17,404,200 18,159,800 35,735,400 36,320,800
Leasing expense 370,900 495,800 1,069,600 1,050,700
Provision for credit losses 69,300 109,000 79,400 204,000
Selling, general and administrative expenses 6,435,900 6,799,300 13,420,300 13,493,700
Income from operations 9,846,900 10,074,700 19,913,400 20,148,900
Interest expense (500,300) (657,900) (942,500) (1,401,700)
Interest and other income (expense) (6,100) (11,300) (6,400) (12,300)
Income before income taxes 9,340,500 9,405,500 18,964,500 18,734,900
Provision for income taxes (2,038,600) (2,262,500) (4,390,400) (4,631,500)
Net income $ 7,301,900 $ 7,143,000 $ 14,574,100 $ 14,103,400
Earnings per share - basic (in dollars per share) $ 1.94 $ 1.85 $ 3.80 $ 3.66
Earnings per share - diluted (in dollars per share) $ 1.79 $ 1.73 $ 3.52 $ 3.42
Weighted average shares outstanding - basic 3,771,439 3,858,446 3,839,563 3,852,880
Weighted average shares outstanding - diluted 4,072,408 4,133,535 4,135,827 4,129,055
Royalties        
Revenue:        
Revenue $ 12,653,200 $ 11,821,000 $ 24,414,600 $ 22,870,000
Merchandise sales        
Revenue:        
Revenue 721,800 704,900 1,332,800 1,481,800
Cost of merchandise sold 681,200 681,000 1,252,700 1,423,500
Franchise fees        
Revenue:        
Revenue 413,900 378,100 805,700 779,000
Other        
Revenue:        
Revenue $ 412,300 $ 398,700 $ 824,000 $ 804,100