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