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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 25, 2021
Sep. 26, 2020
Sep. 25, 2021
Sep. 26, 2020
Revenue:        
Leasing income $ 2,266,200 $ 2,695,800 $ 8,351,800 $ 12,040,800
Total revenue 20,153,400 18,277,000 57,841,900 49,266,500
Leasing expense 358,900 510,900 1,410,800 2,443,700
Provisions for credit losses (55,900) (339,600) (167,300) 164,300
Selling, general and administrative expenses 5,380,100 5,009,700 16,287,600 15,719,100
Income from operations 13,789,200 12,497,800 38,423,100 29,277,400
Interest expense (323,200) (345,700) (945,600) (1,409,600)
Interest and other income (expense) (18,800) 9,200 (7,100) 27,700
Income before income taxes 13,447,200 12,161,300 37,470,400 27,895,500
Provision for income taxes (3,364,700) (2,802,500) (9,139,500) (6,164,500)
Net income $ 10,082,500 $ 9,358,800 $ 28,330,900 $ 21,731,000
Earnings per share - basic (in dollars per share) $ 2.77 $ 2.51 $ 7.68 $ 5.86
Earnings per share - diluted (in dollars per share) $ 2.67 $ 2.43 $ 7.40 $ 5.63
Weighted average shares outstanding - basic 3,635,055 3,730,490 3,688,419 3,710,112
Weighted average shares outstanding - diluted 3,782,873 3,857,702 3,829,322 3,857,754
Royalties        
Revenue:        
Revenue $ 16,375,900 $ 14,210,000 $ 45,141,200 $ 33,188,300
Merchandise sales        
Revenue:        
Revenue 704,800 631,200 1,980,300 1,746,800
Cost of merchandise sold 681,100 598,200 1,887,700 1,662,000
Franchise fees        
Revenue:        
Revenue 383,400 335,400 1,101,300 1,064,900
Other        
Revenue:        
Revenue $ 423,100 $ 404,600 $ 1,267,300 $ 1,225,700