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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended
Sep. 27, 2014
Sep. 28, 2013
Sep. 27, 2014
Sep. 28, 2013
REVENUE:        
Royalties $ 10,725,000 $ 9,853,900 $ 28,735,800 $ 26,937,000
Leasing income 4,121,800 3,810,100 11,655,000 11,348,100
Merchandise sales 786,100 598,000 2,259,900 1,821,100
Franchise fees 558,200 340,000 1,514,700 1,144,200
Other 213,300 189,900 830,500 713,400
Total revenue 16,404,400 14,791,900 44,995,900 41,963,800
COST OF MERCHANDISE SOLD 742,300 569,200 2,156,300 1,734,700
LEASING EXPENSE 808,500 399,300 1,234,200 1,289,500
PROVISION FOR CREDIT LOSSES (1,700) (29,800) 26,100 (67,700)
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 5,677,600 5,311,900 17,874,500 16,728,900
Income from operations 9,177,700 8,541,300 23,704,800 22,278,400
INTEREST EXPENSE (150,500) (35,500) (356,700) (180,100)
INTEREST AND OTHER INCOME (EXPENSE) 27,200 5,500 28,200 (4,800)
Income before income taxes 9,054,400 8,511,300 23,376,300 22,093,500
PROVISION FOR INCOME TAXES (3,431,400) (3,259,800) (8,920,600) (8,447,700)
NET INCOME $ 5,623,000 $ 5,251,500 $ 14,455,700 $ 13,645,800
EARNINGS PER SHARE - BASIC (in dollars per share) $ 1.12 $ 1.03 $ 2.84 $ 2.70
EARNINGS PER SHARE - DILUTED (in dollars per share) $ 1.09 $ 1.00 $ 2.76 $ 2.61
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares) 5,022,166 5,116,872 5,093,243 5,046,156
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares) 5,156,785 5,263,311 5,235,949 5,222,196