XML 25 R3.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended
Jun. 25, 2011
Jun. 26, 2010
Jun. 25, 2011
Jun. 26, 2010
REVENUE:        
Royalties $ 6,819,300 $ 6,368,300 $ 13,872,100 $ 12,731,800
Leasing income 6,980,200 2,345,800 10,215,200 4,870,700
Merchandise sales 833,000 550,500 1,334,400 1,045,200
Franchise fees 245,000 305,000 320,000 528,500
Other 347,300 309,500 588,000 545,700
Total revenue 15,224,800 9,879,100 26,329,700 19,721,900
COST OF MERCHANDISE SOLD 794,200 520,200 1,277,100 991,200
LEASING EXPENSE 3,340,200 439,300 3,858,900 986,600
PROVISION FOR CREDIT LOSSES (24,100) (160,200) 21,300 11,900
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 5,030,400 4,877,200 9,876,300 9,733,100
Income from operations 6,084,100 4,202,600 11,296,100 7,999,100
LOSS FROM EQUITY INVESTMENTS (142,900) (102,000) (219,900) (122,200)
IMPAIRMENT OF INVESTMENT IN NOTES (252,900)   (252,900)  
INTEREST EXPENSE (26,900) (273,100) (58,000) (561,300)
INTEREST AND OTHER INCOME 13,900 103,000 31,100 280,700
Income before income taxes 5,675,300 3,930,500 10,796,400 7,596,300
PROVISION FOR INCOME TAXES (2,275,100) (1,591,800) (4,369,900) (3,076,500)
NET INCOME $ 3,400,200 $ 2,338,700 $ 6,426,500 $ 4,519,800
EARNINGS PER SHARE - BASIC (in dollars per share) $ 0.68 $ 0.47 $ 1.29 $ 0.89
EARNINGS PER SHARE - DILUTED (in dollars per share) $ 0.65 $ 0.45 $ 1.23 $ 0.87
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares) 4,980,844 5,025,944 4,985,220 5,077,179
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares) 5,239,443 5,189,925 5,227,468 5,193,154