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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Jun. 27, 2020
Jun. 29, 2019
Revenue:        
Leasing income $ 3,473,800 $ 3,203,000 $ 9,345,000 $ 8,358,300
Total revenue 12,389,500 17,404,200 30,989,500 35,735,400
Leasing expense 516,600 370,900 1,932,800 1,069,600
Provision for credit losses (111,500) 69,300 503,900 79,400
Selling, general and administrative expenses 4,960,500 6,435,900 10,709,400 13,420,300
Income from operations 6,677,800 9,846,900 16,779,600 19,913,400
Interest expense (538,700) (500,300) (1,063,900) (942,500)
Interest and other income (expense) 12,600 (6,100) 18,500 (6,400)
Income before income taxes 6,151,700 9,340,500 15,734,200 18,964,500
Provision for income taxes (1,096,500) (2,038,600) (3,362,000) (4,390,400)
Net income $ 5,055,200 $ 7,301,900 $ 12,372,200 $ 14,574,100
Earnings per share - basic (in dollars per share) $ 1.37 $ 1.94 $ 3.34 $ 3.80
Earnings per share - diluted (in dollars per share) $ 1.33 $ 1.79 $ 3.21 $ 3.52
Weighted average shares outstanding - basic 3,688,248 3,771,439 3,699,923 3,839,563
Weighted average shares outstanding - diluted 3,803,807 4,072,408 3,857,779 4,135,827
Royalties        
Revenue:        
Revenue $ 7,805,800 $ 12,653,200 $ 18,978,300 $ 24,414,600
Merchandise sales        
Revenue:        
Revenue 361,500 721,800 1,115,600 1,332,800
Cost of merchandise sold 346,100 681,200 1,063,800 1,252,700
Franchise fees        
Revenue:        
Revenue 342,100 413,900 729,500 805,700
Other        
Revenue:        
Revenue $ 406,300 $ 412,300 $ 821,100 $ 824,000