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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended
Sep. 28, 2013
Sep. 29, 2012
Sep. 28, 2013
Sep. 29, 2012
REVENUE:        
Royalties $ 9,853,900 $ 9,178,400 $ 26,937,000 $ 25,160,800
Leasing income 3,810,100 4,312,700 11,348,100 9,989,800
Merchandise sales 598,000 716,600 1,821,100 2,083,200
Franchise fees 340,000 411,000 1,144,200 966,000
Other 189,900 180,400 713,400 625,100
Total revenue 14,791,900 14,799,100 41,963,800 38,824,900
COST OF MERCHANDISE SOLD 569,200 684,400 1,734,700 1,982,200
LEASING EXPENSE 399,300 770,700 1,289,500 1,336,200
PROVISION FOR CREDIT LOSSES (29,800) (1,700) (67,700) (69,600)
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 5,311,900 4,882,200 16,728,900 15,239,900
Income from operations 8,541,300 8,463,500 22,278,400 20,336,200
LOSS FROM EQUITY INVESTMENTS   (372,300)   (650,400)
IMPAIRMENT OF INVESTMENT IN NOTES   (660,700)   (660,700)
INTEREST EXPENSE (35,500) (110,200) (180,100) (302,300)
INTEREST AND OTHER INCOME (EXPENSE) 5,500 14,300 (4,800) 50,600
Income before income taxes 8,511,300 7,334,600 22,093,500 18,773,400
PROVISION FOR INCOME TAXES (3,259,800) (3,075,100) (8,447,700) (7,593,500)
NET INCOME $ 5,251,500 $ 4,259,500 $ 13,645,800 $ 11,179,900
EARNINGS PER SHARE - BASIC (in dollars per share) $ 1.03 $ 0.85 $ 2.70 $ 2.22
EARNINGS PER SHARE - DILUTED (in dollars per share) $ 1.00 $ 0.82 $ 2.61 $ 2.13
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares) 5,116,872 5,013,822 5,046,156 5,041,023
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares) 5,263,311 5,222,719 5,222,196 5,257,057