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10-Q Filing

WINMARK CORP CIK: 908315 Q1 2014
Filing Information
Form Type 10-Q
Accession Number 0001104659-14-029338
Period End Date 20140331
Filing Date 20140423
Fiscal Year 2014
Fiscal Period Q1
XBRL Instance wina-20140329.xml
Filing Contents
Balance Sheet 61 line items
Line Item Tag Value Unit Period
Receivables, allowance for doubtful accounts (in dollars) AllowanceForDoubtfulAccountsReceivableCurrent $4.30K USD Point-in-time
Receivables, allowance for doubtful accounts (in dollars) AllowanceForDoubtfulAccountsReceivableCurrent $4.50K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.41M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.19M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.23M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $10.64M USD Point-in-time
Marketable securities AvailableForSaleSecuritiesEquitySecuritiesCurrent $736.50K USD Point-in-time
Marketable securities AvailableForSaleSecuritiesEquitySecuritiesCurrent $791.60K USD Point-in-time
Receivables, less allowance for doubtful accounts of $4,500 and $4,300 ReceivablesNetCurrent $1.05M USD Point-in-time
Receivables, less allowance for doubtful accounts of $4,500 and $4,300 ReceivablesNetCurrent $1.21M USD Point-in-time
Net investment in leases - current NetInvestmentInLeasesCurrent $17.24M USD Point-in-time
Net investment in leases - current NetInvestmentInLeasesCurrent $17.17M USD Point-in-time
Income tax receivable IncomeTaxesReceivable $166.50K USD Point-in-time
Inventories InventoryNet $96.70K USD Point-in-time
Inventories InventoryNet $96.70K USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $587.30K USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $581.70K USD Point-in-time
Total current assets AssetsCurrent $22.10M USD Point-in-time
Total current assets AssetsCurrent $30.68M USD Point-in-time
Net investment in leases - long-term NetInvestmentInLeasesNoncurrent $20.30M USD Point-in-time
Net investment in leases - long-term NetInvestmentInLeasesNoncurrent $22.84M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.38M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.41M USD Point-in-time
Other assets OtherAssetsNoncurrent $677.50K USD Point-in-time
Other assets OtherAssetsNoncurrent $677.50K USD Point-in-time
Total assets Assets $53.04M USD Point-in-time
Total assets Assets $47.03M USD Point-in-time
Line of credit LinesOfCreditCurrent $14.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $1.62M USD Point-in-time
Accounts payable AccountsPayableCurrent $2.44M USD Point-in-time
Income tax payable AccruedIncomeTaxesCurrent $1.83M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $1.23M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $2.13M USD Point-in-time
Discounted lease rentals SecuredDebtCurrent $378.90K USD Point-in-time
Discounted lease rentals SecuredDebtCurrent $424.90K USD Point-in-time
Deferred revenue DeferredRevenueCurrent $2.29M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $2.20M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesCurrent $4.21M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesCurrent $4.21M USD Point-in-time
Total current liabilities LiabilitiesCurrent $26.45M USD Point-in-time
Total current liabilities LiabilitiesCurrent $10.51M USD Point-in-time
Discounted lease rentals SecuredLongTermDebt $204.30K USD Point-in-time
Discounted lease rentals SecuredLongTermDebt $277.40K USD Point-in-time
Deferred revenue DeferredRevenueNoncurrent $1.18M USD Point-in-time
Deferred revenue DeferredRevenueNoncurrent $1.24M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $1.48M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $1.49M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $1.44M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $1.44M USD Point-in-time
Total long-term liabilities LiabilitiesNoncurrent $4.36M USD Point-in-time
Total long-term liabilities LiabilitiesNoncurrent $4.38M USD Point-in-time
Common stock, no par, 10,000,000 shares authorized, 5,144,589 and 5,143,530 shares issued and outstanding CommonStockValue $2.51M USD Point-in-time
Common stock, no par, 10,000,000 shares authorized, 5,144,589 and 5,143,530 shares issued and outstanding CommonStockValue $2.95M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-13.90K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-4.10K USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $13.73M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $35.20M USD Point-in-time
Total shareholders' equity StockholdersEquity $16.22M USD Point-in-time
Total shareholders' equity StockholdersEquity $38.14M USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $47.03M USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $53.04M USD Point-in-time
Income Statement 40 line items
Line Item Tag Value Unit Period
Royalties RoyaltyRevenue $8.81M USD 1 Quarter
Royalties RoyaltyRevenue $8.47M USD 1 Quarter
Leasing income CapitalLeasesIncomeStatementLeaseRevenue $3.41M USD 1 Quarter
Leasing income CapitalLeasesIncomeStatementLeaseRevenue $4.38M USD 1 Quarter
Merchandise sales SalesRevenueGoodsNet $788.00K USD 1 Quarter
Merchandise sales SalesRevenueGoodsNet $665.70K USD 1 Quarter
Franchise fees FranchiseRevenue $349.00K USD 1 Quarter
Franchise fees FranchiseRevenue $414.60K USD 1 Quarter
Other OtherSalesRevenueNet $185.40K USD 1 Quarter
Other OtherSalesRevenueNet $230.00K USD 1 Quarter
Total revenue Revenues $14.55M USD 1 Quarter
Total revenue Revenues $13.15M USD 1 Quarter
COST OF MERCHANDISE SOLD CostOfGoodsSold $754.70K USD 1 Quarter
COST OF MERCHANDISE SOLD CostOfGoodsSold $641.10K USD 1 Quarter
LEASING EXPENSE LeasingExpense $279.70K USD 1 Quarter
LEASING EXPENSE LeasingExpense $306.60K USD 1 Quarter
PROVISION FOR CREDIT LOSSES ProvisionForLoanAndLeaseLosses $13.80K USD 1 Quarter
PROVISION FOR CREDIT LOSSES ProvisionForLoanAndLeaseLosses $38.90K USD 1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES SellingGeneralAndAdministrativeExpense $5.54M USD 1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES SellingGeneralAndAdministrativeExpense $6.02M USD 1 Quarter
Income from operations OperatingIncomeLoss $7.43M USD 1 Quarter
Income from operations OperatingIncomeLoss $6.68M USD 1 Quarter
INTEREST EXPENSE InterestExpense $62.10K USD 1 Quarter
INTEREST EXPENSE InterestExpense $89.50K USD 1 Quarter
INTEREST AND OTHER INCOME (EXPENSE) InterestAndOtherIncome $100.00 USD 1 Quarter
INTEREST AND OTHER INCOME (EXPENSE) InterestAndOtherIncome $-10.20K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $7.37M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $6.58M USD 1 Quarter
PROVISION FOR INCOME TAXES IncomeTaxExpenseBenefit $2.82M USD 1 Quarter
PROVISION FOR INCOME TAXES IncomeTaxExpenseBenefit $2.52M USD 1 Quarter
NET INCOME NetIncomeLossAvailableToCommonStockholdersBasic $4.55M USD 1 Quarter
NET INCOME NetIncomeLossAvailableToCommonStockholdersBasic $4.06M USD 1 Quarter
EARNINGS PER SHARE - BASIC (in dollars per share) EarningsPerShareBasic $0.88 USD 1 Quarter
EARNINGS PER SHARE - BASIC (in dollars per share) EarningsPerShareBasic $0.81 USD 1 Quarter
EARNINGS PER SHARE - DILUTED (in dollars per share) EarningsPerShareDiluted $0.86 USD 1 Quarter
EARNINGS PER SHARE - DILUTED (in dollars per share) EarningsPerShareDiluted $0.78 USD 1 Quarter
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares) WeightedAverageNumberOfSharesOutstandingBasic 5.00M shares 1 Quarter
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares) WeightedAverageNumberOfSharesOutstandingBasic 5.15M shares 1 Quarter
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 5.31M shares 1 Quarter
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 5.20M shares 1 Quarter
Cash Flow Statement 67 line items
Line Item Tag Value Unit Period
Net income NetIncomeLossAvailableToCommonStockholdersBasic $4.55M USD 1 Quarter
Net income NetIncomeLossAvailableToCommonStockholdersBasic $4.06M USD 1 Quarter
Depreciation DepreciationDepletionAndAmortization $105.30K USD 1 Quarter
Depreciation DepreciationDepletionAndAmortization $107.00K USD 1 Quarter
Provision for credit losses ProvisionForLoanAndLeaseLosses $13.80K USD 1 Quarter
Provision for credit losses ProvisionForLoanAndLeaseLosses $38.90K USD 1 Quarter
Compensation expense related to stock options ShareBasedCompensation $261.70K USD 1 Quarter
Compensation expense related to stock options ShareBasedCompensation $344.50K USD 1 Quarter
Gain on sale of marketable securities AvailableForSaleSecuritiesGrossRealizedGainLossNet $9.40K USD 1 Quarter
Deferred initial direct costs DeferredInitialDirectCosts $-172.90K USD 1 Quarter
Deferred initial direct costs DeferredInitialDirectCosts $-520.30K USD 1 Quarter
Amortization of deferred initial direct costs AmortizationOfDeferredLeasingFees $163.60K USD 1 Quarter
Amortization of deferred initial direct costs AmortizationOfDeferredLeasingFees $140.80K USD 1 Quarter
Tax benefits on exercised stock options ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $60.00K USD 1 Quarter
Receivables IncreaseDecreaseInAccountsReceivable $-157.70K USD 1 Quarter
Receivables IncreaseDecreaseInAccountsReceivable $-26.00K USD 1 Quarter
Income tax receivable / payable IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable $2.16M USD 1 Quarter
Income tax receivable / payable IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable $2.06M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $800.00 USD 1 Quarter
Prepaid expenses IncreaseDecreaseInPrepaidExpense $-22.70K USD 1 Quarter
Prepaid expenses IncreaseDecreaseInPrepaidExpense $-5.60K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-824.70K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-375.20K USD 1 Quarter
Accrued and other liabilities IncreaseDecreaseInOtherAccruedLiabilities $311.40K USD 1 Quarter
Accrued and other liabilities IncreaseDecreaseInOtherAccruedLiabilities $876.60K USD 1 Quarter
Rents received in advance and security deposits AdditionsToAdvanceAndSecurityDeposits $41.10K USD 1 Quarter
Rents received in advance and security deposits AdditionsToAdvanceAndSecurityDeposits $-265.10K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $-92.90K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $146.90K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $7.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $6.72M USD 1 Quarter
Proceeds from sale of marketable securities ProceedsFromSaleOfAvailableForSaleSecuritiesEquity $463.00K USD 1 Quarter
Purchase of marketable securities PaymentsToAcquireAvailableForSaleSecuritiesEquity $524.50K USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $128.30K USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $53.60K USD 1 Quarter
Purchase of equipment for lease contracts PaymentsToAcquireEquipmentOnLease $4.67M USD 1 Quarter
Purchase of equipment for lease contracts PaymentsToAcquireEquipmentOnLease $6.50M USD 1 Quarter
Principal collections on lease receivables ProceedsFromSaleAndCollectionOfLeaseReceivables $4.27M USD 1 Quarter
Principal collections on lease receivables ProceedsFromSaleAndCollectionOfLeaseReceivables $4.53M USD 1 Quarter
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-196.80K USD 1 Quarter
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-2.42M USD 1 Quarter
Proceeds from borrowings on line of credit ProceedsFromLinesOfCredit $14.00M USD 1 Quarter
Payments on line of credit RepaymentsOfLinesOfCredit $6.30M USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $269.60K USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $1.08M USD 1 Quarter
Proceeds from exercises of stock options ProceedsFromStockOptionsExercised $227.60K USD 1 Quarter
Proceeds from exercises of stock options ProceedsFromStockOptionsExercised $120.60K USD 1 Quarter
Dividends paid PaymentsOfDividends $200.00K USD 1 Quarter
Dividends paid PaymentsOfDividends $26.02M USD 1 Quarter
Proceeds from discounted lease rentals ProceedsFromIssuanceOfSecuredDebt $80.90K USD 1 Quarter
Tax benefits on exercised stock options ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $60.00K USD 1 Quarter
Net cash used for financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-6.57M USD 1 Quarter
Net cash used for financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-12.81M USD 1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS NetCashProvidedByUsedInContinuingOperations $-8.23M USD 1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS NetCashProvidedByUsedInContinuingOperations $-41.90K USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $2.41M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $2.19M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $2.23M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $10.64M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $2.41M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $2.19M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $2.23M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $10.64M USD Point-in-time
Cash paid for interest InterestPaidNet $29.80K USD 1 Quarter
Cash paid for interest InterestPaidNet $84.70K USD 1 Quarter
Cash paid for income taxes IncomeTaxesPaid $359.80K USD 1 Quarter
Cash paid for income taxes IncomeTaxesPaid $762.30K USD 1 Quarter
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
NET INCOME NetIncomeLossAvailableToCommonStockholdersBasic $4.55M USD 1 Quarter
NET INCOME NetIncomeLossAvailableToCommonStockholdersBasic $4.06M USD 1 Quarter
Unrealized holding net gains (losses) arising during period OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-12.00K USD 1 Quarter
Unrealized holding net gains (losses) arising during period OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $3.40K USD 1 Quarter
Reclassification adjustment for net gains included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $3.80K USD 1 Quarter
OTHER COMPREHENSIVE INCOME (LOSS), BEFORE TAX OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent $3.40K USD 1 Quarter
OTHER COMPREHENSIVE INCOME (LOSS), BEFORE TAX OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent $-15.80K USD 1 Quarter
Unrealized holding net gains arising during period OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-4.60K USD 1 Quarter
Unrealized holding net gains arising during period OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $1.30K USD 1 Quarter
Reclassification adjustment for net gains included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax $1.40K USD 1 Quarter
INCOME TAX (EXPENSE) BENEFIT RELATED TO ITEMS OF OTHER COMPREHENSIVE INCOME OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $1.30K USD 1 Quarter
INCOME TAX (EXPENSE) BENEFIT RELATED TO ITEMS OF OTHER COMPREHENSIVE INCOME OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $-6.00K USD 1 Quarter
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-9.80K USD 1 Quarter
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $2.10K USD 1 Quarter
COMPREHENSIVE INCOME ComprehensiveIncomeNetOfTax $4.54M USD 1 Quarter
COMPREHENSIVE INCOME ComprehensiveIncomeNetOfTax $4.06M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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