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Consolidated Statements of Operations (USD $)
12 Months Ended
Dec. 29, 2012
Dec. 31, 2011
REVENUE:    
Royalties $ 33,760,200 $ 30,360,600
Leasing income 13,211,800 16,364,700
Merchandise sales 2,750,700 2,481,600
Franchise fees 1,291,000 1,081,200
Other 929,400 1,046,900
Total revenue 51,943,100 51,335,000
COST OF MERCHANDISE SOLD 2,621,500 2,366,400
LEASING EXPENSE 1,789,800 5,115,800
PROVISION FOR CREDIT LOSSES (47,600) (43,400)
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 20,280,300 19,048,600
Income from operations 27,299,100 24,847,600
LOSS FROM EQUITY INVESTMENTS (2,492,900) (515,800)
IMPAIRMENT OF INVESTMENT IN NOTES (1,324,400) (883,100)
INTEREST EXPENSE (392,300) (112,000)
INTEREST AND OTHER INCOME 66,000 44,900
Income before income taxes 23,155,500 23,381,600
PROVISION FOR INCOME TAXES (10,217,600) (9,286,600)
NET INCOME $ 12,937,900 $ 14,095,000
EARNINGS PER SHARE - BASIC (in dollars per share) $ 2.57 $ 2.83
EARNINGS PER SHARE - DILUTED (in dollars per share) $ 2.47 $ 2.69
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares) 5,027,509 4,979,036
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares) 5,237,671 5,238,412