Segment Reporting:

3 Months Ended

Mar. 27, 2021

Segment Reporting:

Segment Reporting:

12. Segment Reporting:

The Company currently has two reportable business segments, franchising and leasing. The franchising segment franchises value-oriented retail store concepts that buy, sell, trade and consign merchandise. The leasing segment includes the Company’s equipment leasing and financing business. Segment reporting is intended to give financial statement users a better view of how the Company manages and evaluates its businesses. The Company’s internal management reporting is the basis for the information disclosed for its business segments and includes allocation of shared-service costs. Segment assets are those that are directly used in or identified with segment operations, including cash, restricted cash, accounts receivable, prepaid expenses, inventory, property and equipment, investment in leasing operations and goodwill. Unallocated assets include corporate cash and cash equivalents, current and deferred tax amounts, operating lease right of use assets and other corporate assets. Inter-segment balances and transactions have been eliminated. The following tables summarize financial information by segment and provide a reconciliation of segment contribution to operating income:

	Three Months Ended
	March 27, 2021		March 28, 2020
Revenue:
Franchising	$	15,421,900	$	12,728,800
Leasing		3,237,000		5,871,200
Total revenue	$	18,658,900	$	18,600,000
Reconciliation to operating income:
Franchising segment contribution	$	10,724,500	$	7,211,400
Leasing segment contribution		1,932,500		2,890,400
Total operating income	$	12,657,000	$	10,101,800
Depreciation and amortization:
Franchising	$	65,900	$	72,600
Leasing		47,900		50,500
Total depreciation and amortization	$	113,800	$	123,100

	As of
	March 27, 2021		December 26, 2020
Identifiable assets:
Franchising	$	4,728,700	$	4,848,300
Leasing		11,814,700		14,462,600
Unallocated		14,154,300		12,032,300
Total	$	30,697,700	$	31,343,200