Consolidated Statements of Income (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Nov. 30, 2016 |
Nov. 30, 2015 |
Nov. 30, 2016 |
Nov. 30, 2015 |
|
| Revenues | ||||
| Sales | $ 8,250,611 | $ 8,024,803 | $ 21,591,420 | $ 22,480,092 |
| Franchise and royalty fees | 1,704,628 | 1,782,510 | 6,341,980 | 6,965,797 |
| Total revenues | 9,955,239 | 9,807,313 | 27,933,400 | 29,445,889 |
| Costs and Expenses | ||||
| Cost of sales | 5,544,155 | 5,300,962 | 14,373,548 | 14,749,058 |
| Franchise costs | 520,619 | 657,660 | 1,571,619 | 1,871,113 |
| Sales and marketing | 641,976 | 593,793 | 1,959,115 | 1,832,828 |
| General and administrative | 880,455 | 1,087,633 | 3,101,662 | 3,550,781 |
| Retail operating | 551,168 | 669,961 | 1,876,783 | 2,318,404 |
| Depreciation and amortization, exclusive of depreciation and amortization expense of $118,213, $98,009, $324,412 and $300,731, respectively, included in cost of sales | 201,512 | 245,539 | 638,220 | 763,480 |
| Restructuring and acquisition-related charges | 60,000 | |||
| Total costs and expenses | 8,339,885 | 8,555,548 | 23,580,947 | 25,085,664 |
| Income from Operations | 1,615,354 | 1,251,765 | 4,352,453 | 4,360,225 |
| Other Income (Expense) | ||||
| Interest expense | (40,842) | (52,553) | (132,884) | (167,424) |
| Interest income | 9,543 | 13,779 | 32,540 | 40,814 |
| Other income (expense), net | (31,299) | (38,774) | (100,344) | (126,610) |
| Income Before Income Taxes | 1,584,055 | 1,212,991 | 4,252,109 | 4,233,615 |
| Income Tax Provision | 572,256 | 439,355 | 1,533,663 | 1,286,400 |
| Consolidated Net Income | 1,011,799 | 773,636 | 2,718,446 | 2,947,215 |
| Less: Net income attributable to non-controlling interest | 332,835 | 963,659 | ||
| Net Income attributable to RMCF | $ 1,011,799 | $ 440,801 | $ 2,718,446 | $ 1,983,556 |
| Basic Earnings per Common Share (in dollars per share) | $ 0.17 | $ 0.08 | $ 0.47 | $ 0.34 |
| Diluted Earnings per Common Share (in dollars per share) | $ 0.17 | $ 0.07 | $ 0.45 | $ 0.32 |
| Weighted Average Common Shares Outstanding - Basic (in shares) | 5,874,366 | 5,840,407 | 5,839,603 | 5,911,561 |
| Dilutive Effect of Stock Options and Restricted Stock Units (in shares) | 133,658 | 181,742 | 159,215 | 209,173 |
| Weighted Average Common Shares Outstanding - Diluted (in shares) | 6,008,024 | 6,022,149 | 5,998,818 | 6,120,734 |