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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 25, 2022
Jun. 26, 2021
Jun. 25, 2022
Jun. 26, 2021
Revenue:        
Leasing income $ 1,212,000 $ 2,848,600 $ 4,083,700 $ 6,085,600
Total revenue 19,070,800 19,029,600 39,120,600 37,688,500
Leasing expense 299,600 662,400 515,600 1,051,900
Provisions for credit losses (15,700) (62,700) (24,600) (111,400)
Selling, general and administrative expenses 5,461,600 5,805,200 11,001,600 10,907,500
Income from operations 12,355,100 11,976,900 25,793,300 24,633,900
Interest expense (712,000) (304,300) (1,225,100) (622,400)
Interest and other income (expense) (13,800) 4,900 (14,700) 11,700
Income before income taxes 11,629,300 11,677,500 24,553,500 24,023,200
Provision for income taxes (2,602,100) (2,740,200) (5,673,800) (5,774,800)
Net income $ 9,027,200 $ 8,937,300 $ 18,879,700 $ 18,248,400
Earnings per share - basic (in dollars per share) $ 2.61 $ 2.42 $ 5.35 $ 4.91
Earnings per share - diluted (in dollars per share) $ 2.54 $ 2.33 $ 5.19 $ 4.74
Weighted average shares outstanding - basic 3,463,886 3,693,503 3,530,902 3,715,088
Weighted average shares outstanding - diluted 3,559,231 3,830,844 3,637,772 3,852,534
Royalties        
Revenue:        
Revenue $ 15,981,300 $ 14,716,500 $ 31,371,400 $ 28,765,300
Merchandise sales        
Revenue:        
Revenue 1,027,200 683,100 1,941,500 1,275,500
Cost of merchandise sold 970,200 647,800 1,834,700 1,206,600
Franchise fees        
Revenue:        
Revenue 391,500 358,900 812,100 717,900
Other        
Revenue:        
Revenue $ 458,800 $ 422,500 $ 911,900 $ 844,200