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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jul. 01, 2023
Jun. 25, 2022
Jul. 01, 2023
Jun. 25, 2022
Revenue:        
Leasing income $ 1,019,800 $ 1,212,000 $ 2,656,800 $ 4,083,700
Total revenue 20,362,200 19,070,800 40,885,800 39,120,600
Leasing expense 54,300 299,600 370,700 515,600
Provisions for credit losses (700) (15,700) (5,300) (24,600)
Selling, general and administrative expenses 5,810,000 5,461,600 12,446,100 11,001,600
Income from operations 13,250,800 12,355,100 25,639,200 25,793,300
Interest expense (779,100) (712,000) (1,576,700) (1,225,100)
Interest and other income (expense) 292,300 (13,800) 418,000 (14,700)
Income before income taxes 12,764,000 11,629,300 24,480,500 24,553,500
Provision for income taxes (2,395,200) (2,602,100) (5,169,000) (5,673,800)
Net income $ 10,368,800 $ 9,027,200 $ 19,311,500 $ 18,879,700
Earnings per share - basic (in dollars per share) $ 2.98 $ 2.61 $ 5.57 $ 5.35
Earnings per share - diluted (in dollars per share) $ 2.85 $ 2.54 $ 5.34 $ 5.19
Weighted average shares outstanding - basic 3,478,628 3,463,886 3,469,675 3,530,902
Weighted average shares outstanding - diluted 3,634,688 3,559,231 3,614,462 3,637,772
Royalties        
Revenue:        
Revenue $ 17,105,800 $ 15,981,300 $ 33,853,500 $ 31,371,400
Merchandise sales        
Revenue:        
Revenue 1,328,100 1,027,200 2,604,100 1,941,500
Cost of merchandise sold 1,247,800 970,200 2,435,100 1,834,700
Franchise fees        
Revenue:        
Revenue 420,700 391,500 798,900 812,100
Other        
Revenue:        
Revenue $ 487,800 $ 458,800 $ 972,500 $ 911,900