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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Sep. 26, 2020
Sep. 28, 2019
Revenue:        
Leasing income $ 2,695,800 $ 4,375,500 $ 12,040,800 $ 12,733,800
Total revenue 18,277,000 19,680,900 49,266,500 55,416,300
Leasing expense 510,900 572,400 2,443,700 1,642,000
Provision for credit losses (339,600) (55,500) 164,300 23,900
Selling, general and administrative expenses 5,009,700 6,217,600 15,719,100 19,637,900
Income from operations 12,497,800 12,274,700 29,277,400 32,188,100
Interest expense (345,700) (406,200) (1,409,600) (1,348,700)
Interest and other income (expense) 9,200 500 27,700 (5,900)
Income before income taxes 12,161,300 11,869,000 27,895,500 30,833,500
Provision for income taxes (2,802,500) (2,755,200) (6,164,500) (7,145,600)
Net income $ 9,358,800 $ 9,113,800 $ 21,731,000 $ 23,687,900
Earnings per share - basic (in dollars per share) $ 2.51 $ 2.39 $ 5.86 $ 6.19
Earnings per share - diluted (in dollars per share) $ 2.43 $ 2.24 $ 5.63 $ 5.76
Weighted average shares outstanding - basic 3,730,490 3,808,863 3,710,112 3,829,329
Weighted average shares outstanding - diluted 3,857,702 4,065,301 3,857,754 4,112,318
Royalties        
Revenue:        
Revenue $ 14,210,000 $ 13,808,800 $ 33,188,300 $ 38,223,400
Merchandise sales        
Revenue:        
Revenue 631,200 704,500 1,746,800 2,037,300
Cost of merchandise sold 598,200 671,700 1,662,000 1,924,400
Franchise fees        
Revenue:        
Revenue 335,400 377,400 1,064,900 1,183,100
Other        
Revenue:        
Revenue $ 404,600 $ 414,700 $ 1,225,700 $ 1,238,700