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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 26, 2015
Dec. 27, 2014
REVENUE:      
Royalties $ 43,994,900 $ 41,908,000 $ 38,972,400
Leasing income 17,283,600 21,565,700 16,247,300
Merchandise sales 2,216,900 2,816,900 2,728,600
Franchise fees 1,624,800 1,788,100 1,989,700
Other 1,460,100 1,369,100 1,240,700
Total revenue 66,580,300 69,447,800 61,178,700
COST OF MERCHANDISE SOLD 2,101,400 2,653,100 2,619,900
LEASING EXPENSE 2,323,800 5,759,300 1,630,600
PROVISION FOR CREDIT LOSSES 18,500 (149,700) 62,900
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 23,835,600 24,094,400 23,806,000
Income from operations 38,301,000 37,090,700 33,059,300
INTEREST EXPENSE (2,342,800) (1,802,200) (484,500)
INTEREST AND OTHER INCOME (EXPENSE) (12,200) (63,700) 14,000
Income before income taxes 35,946,000 35,224,800 32,588,800
PROVISION FOR INCOME TAXES (13,728,400) (13,425,100) (12,522,300)
NET INCOME $ 22,217,600 $ 21,799,700 $ 20,066,500
EARNINGS PER SHARE - BASIC (in dollars per share) $ 5.39 $ 4.89 $ 3.96
EARNINGS PER SHARE - DILUTED (in dollars per share) $ 5.13 $ 4.69 $ 3.85
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares) 4,122,854 4,458,927 5,069,391
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares) 4,330,490 4,651,527 5,216,914