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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 26, 2015
Sep. 27, 2014
Sep. 26, 2015
Sep. 27, 2014
REVENUE:        
Royalties $ 11,286,100 $ 10,725,000 $ 31,226,700 $ 28,735,800
Leasing income 3,247,000 4,121,800 16,919,900 11,655,000
Merchandise sales 762,300 786,100 2,182,300 2,259,900
Franchise fees 483,200 558,200 1,253,500 1,514,700
Other 220,900 213,300 917,900 830,500
Total revenue 15,999,500 16,404,400 52,500,300 44,995,900
COST OF MERCHANDISE SOLD 711,600 742,300 2,055,600 2,156,300
LEASING EXPENSE 173,400 808,500 4,941,300 1,234,200
PROVISION FOR CREDIT LOSSES 38,800 (1,700) (123,400) 26,100
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 5,733,900 5,677,600 18,226,700 17,874,500
Income from operations 9,341,800 9,177,700 27,400,100 23,704,800
INTEREST EXPENSE (687,700) (150,500) (1,142,900) (356,700)
INTEREST AND OTHER INCOME (EXPENSE) (12,400) 27,200 (61,800) 28,200
Income before income taxes 8,641,700 9,054,400 26,195,400 23,376,300
PROVISION FOR INCOME TAXES (3,302,100) (3,431,400) (10,050,100) (8,920,600)
NET INCOME $ 5,339,600 $ 5,623,000 $ 16,145,300 $ 14,455,700
EARNINGS PER SHARE - BASIC (in dollars per share) $ 1.29 $ 1.12 $ 3.53 $ 2.84
EARNINGS PER SHARE - DILUTED (in dollars per share) $ 1.23 $ 1.09 $ 3.39 $ 2.76
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares) 4,128,031 5,022,166 4,568,813 5,093,243
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares) 4,338,230 5,156,785 4,758,158 5,235,949