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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended
Jun. 29, 2013
Jun. 30, 2012
Jun. 29, 2013
Jun. 30, 2012
REVENUE:        
Royalties $ 8,608,200 $ 7,693,900 $ 17,083,100 $ 15,982,400
Leasing income 4,130,200 3,285,000 7,538,000 5,677,100
Merchandise sales 557,400 656,800 1,223,100 1,366,600
Franchise fees 389,600 270,000 804,200 555,000
Other 338,100 286,700 523,500 444,700
Total revenue 14,023,500 12,192,400 27,171,900 24,025,800
COST OF MERCHANDISE SOLD 524,400 633,500 1,165,500 1,297,800
LEASING EXPENSE 610,500 325,700 890,200 565,500
PROVISION FOR CREDIT LOSSES (51,700) (14,900) (37,900) (67,900)
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 5,879,100 5,221,600 11,417,000 10,357,700
Income from operations 7,061,200 6,026,500 13,737,100 11,872,700
LOSS FROM EQUITY INVESTMENTS   (240,700)   (278,100)
INTEREST EXPENSE (55,100) (122,300) (144,600) (192,100)
INTEREST AND OTHER INCOME (EXPENSE) (100) (10,000) (10,300) 36,300
Income before income taxes 7,006,000 5,653,500 13,582,200 11,438,800
PROVISION FOR INCOME TAXES (2,669,100) (2,249,100) (5,187,800) (4,518,400)
NET INCOME $ 4,336,900 $ 3,404,400 $ 8,394,400 $ 6,920,400
EARNINGS PER SHARE - BASIC (in dollars per share) $ 0.86 $ 0.67 $ 1.68 $ 1.37
EARNINGS PER SHARE - DILUTED (in dollars per share) $ 0.83 $ 0.65 $ 1.61 $ 1.31
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares) 5,024,284 5,056,289 5,010,803 5,054,620
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares) 5,200,592 5,268,245 5,201,644 5,274,223