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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 24, 2022
Sep. 30, 2023
Sep. 24, 2022
Revenue:        
Leasing income $ 1,291,900 $ 1,762,100 $ 3,948,700 $ 5,845,800
Total revenue 22,317,800 21,164,500 63,203,600 60,285,100
Leasing expense 11,000 376,300 381,700 891,900
Provisions for credit losses 700 (22,000) (4,600) (46,600)
Selling, general and administrative expenses 6,248,200 5,671,500 18,694,300 16,673,100
Income from operations 15,122,500 14,421,100 40,761,700 40,214,400
Interest expense (763,100) (820,500) (2,339,800) (2,045,600)
Interest and other income 385,400 21,700 803,400 7,000
Income before income taxes 14,744,800 13,622,300 39,225,300 38,175,800
Provision for income taxes (3,595,000) (3,253,700) (8,764,000) (8,927,500)
Net income $ 11,149,800 $ 10,368,600 $ 30,461,300 $ 29,248,300
Earnings per share - basic (in dollars per share) $ 3.20 $ 3.01 $ 8.77 $ 8.36
Earnings per share - diluted (in dollars per share) $ 3.05 $ 2.93 $ 8.40 $ 8.11
Weighted average shares outstanding - basic 3,485,852 3,439,417 3,475,066 3,500,411
Weighted average shares outstanding - diluted 3,653,730 3,540,779 3,627,550 3,605,445
Royalties        
Revenue:        
Revenue $ 19,210,000 $ 17,859,000 $ 53,063,400 $ 49,230,400
Merchandise sales        
Revenue:        
Revenue 997,800 746,000 3,601,900 2,687,500
Cost of merchandise sold 935,400 717,600 3,370,500 2,552,300
Franchise fees        
Revenue:        
Revenue 334,400 348,100 1,133,400 1,160,200
Other        
Revenue:        
Revenue $ 483,700 $ 449,300 $ 1,456,200 $ 1,361,200