XML 17 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (unaudited) (USD $)
3 Months Ended 9 Months Ended
Nov. 30, 2011
Nov. 30, 2010
Nov. 30, 2011
Nov. 30, 2010
Revenues        
Sales $ 7,115,456 $ 6,625,043 $ 20,329,561 $ 17,979,260
Franchise and royalty fees 1,164,454 1,290,889 4,164,061 4,178,274
Total revenues 8,279,910 7,915,932 24,493,622 22,157,534
Costs and Expenses        
Cost of sales, exclusive of depreciation and amortization expense of $68,388, $82,039, $206,953 and $247,761, respectively 4,681,398 4,375,609 12,892,284 11,501,952
Franchise costs 452,713 402,688 1,374,413 1,115,985
Sales and marketing 400,263 395,670 1,225,393 1,143,908
General and administrative 800,583 686,558 2,257,175 1,998,913
Retail operating 649,696 569,340 2,288,246 1,691,489
Depreciation and amortization 194,129 162,740 553,295 504,082
Total costs and expenses 7,178,782 6,592,605 20,590,806 17,956,329
Income from Operations 1,101,128 1,323,327 3,902,816 4,201,205
Interest Income 15,270 16,105 46,129 41,170
Income Before Income Taxes 1,116,398 1,339,432 3,948,945 4,242,375
Income Tax Provision 391,430 465,952 1,392,765 1,493,652
Net Income $ 724,968 $ 873,480 $ 2,556,180 $ 2,748,723
Basic Earnings per Common Share (in Dollars per share) $ 0.12 $ 0.14 $ 0.42 $ 0.45
Diluted Earnings per Common Share (in Dollars per share) $ 0.12 $ 0.14 $ 0.41 $ 0.44
Weighted Average Common Shares Outstanding (in Shares) 6,126,007 6,063,720 6,102,704 6,045,782
Dilutive Effect of Stock Options (in Shares) 159,445 244,026 194,136 236,496
Weighted Average Common Shares Outstanding, Assuming Dilution (in Shares) 6,285,452 6,307,746 6,296,840 6,282,278