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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 26, 2015
Dec. 27, 2014
Dec. 28, 2013
REVENUE:      
Royalties $ 41,908,000 $ 38,972,400 $ 36,344,100
Leasing income 21,565,700 16,247,300 14,524,100
Merchandise sales 2,816,900 2,728,600 2,327,100
Franchise fees 1,788,100 1,989,700 1,459,300
Other 1,369,100 1,240,700 1,076,600
Total revenue 69,447,800 61,178,700 55,731,200
COST OF MERCHANDISE SOLD 2,653,100 2,619,900 2,205,700
LEASING EXPENSE 5,759,300 1,630,600 1,592,000
PROVISION FOR CREDIT LOSSES (149,700) 62,900 (44,700)
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 24,094,400 23,806,000 22,198,200
Income from operations 37,090,700 33,059,300 29,780,000
INTEREST EXPENSE (1,802,200) (484,500) (213,500)
INTEREST AND OTHER INCOME (EXPENSE) (63,700) 14,000 23,400
Income before income taxes 35,224,800 32,588,800 29,589,900
PROVISION FOR INCOME TAXES (13,425,100) (12,522,300) (11,358,300)
NET INCOME $ 21,799,700 $ 20,066,500 $ 18,231,600
EARNINGS PER SHARE - BASIC (in dollars per share) $ 4.89 $ 3.96 $ 3.60
EARNINGS PER SHARE - DILUTED (in dollars per share) $ 4.69 $ 3.85 $ 3.48
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares) 4,458,927 5,069,391 5,068,975
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares) 4,651,527 5,216,914 5,241,121