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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended
Mar. 29, 2014
Mar. 30, 2013
REVENUE:    
Royalties $ 8,810,000 $ 8,474,900
Leasing income 4,375,600 3,407,800
Merchandise sales 788,000 665,700
Franchise fees 349,000 414,600
Other 230,000 185,400
Total revenue 14,552,600 13,148,400
COST OF MERCHANDISE SOLD 754,700 641,100
LEASING EXPENSE 306,600 279,700
PROVISION FOR CREDIT LOSSES 38,900 13,800
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 6,017,900 5,537,900
Income from operations 7,434,500 6,675,900
INTEREST EXPENSE (62,100) (89,500)
INTEREST AND OTHER INCOME (EXPENSE) 100 (10,200)
Income before income taxes 7,372,500 6,576,200
PROVISION FOR INCOME TAXES (2,820,600) (2,518,700)
NET INCOME $ 4,551,900 $ 4,057,500
EARNINGS PER SHARE - BASIC (in dollars per share) $ 0.88 $ 0.81
EARNINGS PER SHARE - DILUTED (in dollars per share) $ 0.86 $ 0.78
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares) 5,148,519 4,997,322
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares) 5,307,946 5,202,696