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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Apr. 01, 2017
Mar. 26, 2016
REVENUE:    
Royalties $ 10,454,000 $ 10,272,500
Leasing income 5,859,600 4,512,700
Merchandise sales 748,300 737,100
Franchise fees 269,300 372,500
Other 292,600 285,500
Total revenue 17,623,800 16,180,300
COST OF MERCHANDISE SOLD 715,000 697,400
LEASING EXPENSE 1,271,400 904,100
PROVISION FOR CREDIT LOSSES (1,400) (14,400)
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 6,503,400 6,554,600
Income from operations 9,135,400 8,038,600
INTEREST EXPENSE (499,100) (640,700)
INTEREST AND OTHER INCOME (EXPENSE) 1,800 (10,500)
Income before income taxes 8,638,100 7,387,400
PROVISION FOR INCOME TAXES (3,221,700) (2,824,500)
NET INCOME $ 5,416,400 $ 4,562,900
EARNINGS PER SHARE - BASIC (in dollars per share) $ 1.30 $ 1.11
EARNINGS PER SHARE - DILUTED (in dollars per share) $ 1.22 $ 1.06
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares) 4,167,132 4,114,071
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares) 4,450,495 4,313,920