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10-Q Filing

WINMARK CORP CIK: 908315 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0001558370-17-002852
Period End Date 20170331
Filing Date 20170425
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance wina-20170401.xml
Filing Contents
Balance Sheet 74 line items
Line Item Tag Value Unit Period
Receivables, allowance for doubtful accounts (in dollars) AllowanceForDoubtfulAccountsReceivableCurrent $2.10K USD Point-in-time
Receivables, allowance for doubtful accounts (in dollars) AllowanceForDoubtfulAccountsReceivableCurrent $1.30K USD Point-in-time
Unamortized debt issuance costs - Current DeferredFinanceCostsCurrentNet $10.00K USD Point-in-time
Unamortized debt issuance costs - Current DeferredFinanceCostsCurrentNet $10.00K USD Point-in-time
Unamortized debt issuance costs - Noncurrent DeferredFinanceCostsNoncurrentNet $71.00K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.01M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.21M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.25M USD Point-in-time
Unamortized debt issuance costs - Noncurrent DeferredFinanceCostsNoncurrentNet $73.50K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.72M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockNoParValue - USD Point-in-time
Common stock, par value (in dollars per share) CommonStockNoParValue - USD Point-in-time
Marketable securities AvailableForSaleSecuritiesEquitySecuritiesCurrent $207.50K USD Point-in-time
Marketable securities AvailableForSaleSecuritiesEquitySecuritiesCurrent $199.90K USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 10.00M shares Point-in-time
Receivables, less allowance for doubtful accounts of $1,300 and $2,100 ReceivablesNetCurrent $1.51M USD Point-in-time
Receivables, less allowance for doubtful accounts of $1,300 and $2,100 ReceivablesNetCurrent $1.48M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 10.00M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 4.17M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 4.17M shares Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $30.00K USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $40.00K USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 4.17M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 4.17M shares Point-in-time
Net investment in leases - current NetInvestmentInLeasesCurrent $17.00M USD Point-in-time
Net investment in leases - current NetInvestmentInLeasesCurrent $16.41M USD Point-in-time
Income tax receivable IncomeTaxesReceivable $1.68M USD Point-in-time
Inventories InventoryNet $87.50K USD Point-in-time
Inventories InventoryNet $106.20K USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $1.05M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $809.40K USD Point-in-time
Total current assets AssetsCurrent $22.79M USD Point-in-time
Total current assets AssetsCurrent $20.80M USD Point-in-time
Net investment in leases - long-term NetInvestmentInLeasesNoncurrent $25.30M USD Point-in-time
Net investment in leases - long-term NetInvestmentInLeasesNoncurrent $24.41M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $683.00K USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $769.60K USD Point-in-time
Goodwill Goodwill $607.50K USD Point-in-time
Goodwill Goodwill $607.50K USD Point-in-time
Total assets Assets $47.40M USD Point-in-time
Total assets Assets $48.58M USD Point-in-time
Notes payable, net of unamortized debt issuance costs of $10,000 NotesPayableCurrent $1.99M USD Point-in-time
Notes payable, net of unamortized debt issuance costs of $10,000 NotesPayableCurrent $1.99M USD Point-in-time
Accounts payable AccountsPayableCurrent $1.25M USD Point-in-time
Accounts payable AccountsPayableCurrent $1.69M USD Point-in-time
Income tax payable AccruedIncomeTaxesCurrent $1.41M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $1.81M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $1.80M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $1.91M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $1.86M USD Point-in-time
Total current liabilities LiabilitiesCurrent $8.36M USD Point-in-time
Total current liabilities LiabilitiesCurrent $7.36M USD Point-in-time
Line of credit LongTermLineOfCredit $16.20M USD Point-in-time
Line of credit LongTermLineOfCredit $23.40M USD Point-in-time
Notes payable, net of unamortized debt issuance costs of $71,000 and $73,500 LongTermNotesPayable $19.93M USD Point-in-time
Notes payable, net of unamortized debt issuance costs of $71,000 and $73,500 LongTermNotesPayable $19.43M USD Point-in-time
Deferred revenue DeferredRevenueNoncurrent $1.42M USD Point-in-time
Deferred revenue DeferredRevenueNoncurrent $1.42M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $937.50K USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $993.60K USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $3.33M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $3.33M USD Point-in-time
Total long-term liabilities LiabilitiesNoncurrent $49.08M USD Point-in-time
Total long-term liabilities LiabilitiesNoncurrent $41.32M USD Point-in-time
Common stock, no par value, 10,000,000 shares authorized, 4,169,769 and 4,165,769 shares issued and outstanding CommonStockValue $2.98M USD Point-in-time
Common stock, no par value, 10,000,000 shares authorized, 4,169,769 and 4,165,769 shares issued and outstanding CommonStockValue $3.54M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-5.10K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-9.90K USD Point-in-time
Retained earnings (accumulated deficit) RetainedEarningsAccumulatedDeficit $-10.82M USD Point-in-time
Retained earnings (accumulated deficit) RetainedEarningsAccumulatedDeficit $-5.82M USD Point-in-time
Total shareholders' equity (deficit) StockholdersEquity $-7.85M USD Point-in-time
Total shareholders' equity (deficit) StockholdersEquity $-2.28M USD Point-in-time
Total liabilities and shareholders' equity (deficit) LiabilitiesAndStockholdersEquity $47.40M USD Point-in-time
Total liabilities and shareholders' equity (deficit) LiabilitiesAndStockholdersEquity $48.58M USD Point-in-time
Income Statement 40 line items
Line Item Tag Value Unit Period
Royalties RoyaltyRevenue $10.45M USD 1 Quarter
Royalties RoyaltyRevenue $10.27M USD 1 Quarter
Leasing income CapitalLeasesIncomeStatementLeaseRevenue $4.51M USD 1 Quarter
Leasing income CapitalLeasesIncomeStatementLeaseRevenue $5.86M USD 1 Quarter
Merchandise sales SalesRevenueGoodsNet $737.10K USD 1 Quarter
Merchandise sales SalesRevenueGoodsNet $748.30K USD 1 Quarter
Franchise fees FranchiseRevenue $269.30K USD 1 Quarter
Franchise fees FranchiseRevenue $372.50K USD 1 Quarter
Other OtherSalesRevenueNet $292.60K USD 1 Quarter
Other OtherSalesRevenueNet $285.50K USD 1 Quarter
Total revenue Revenues $16.18M USD 1 Quarter
Total revenue Revenues $17.62M USD 1 Quarter
COST OF MERCHANDISE SOLD CostOfGoodsSold $697.40K USD 1 Quarter
COST OF MERCHANDISE SOLD CostOfGoodsSold $715.00K USD 1 Quarter
LEASING EXPENSE LeasingExpense $904.10K USD 1 Quarter
LEASING EXPENSE LeasingExpense $1.27M USD 1 Quarter
PROVISION FOR CREDIT LOSSES ProvisionForLoanAndLeaseLosses $-14.40K USD 1 Quarter
PROVISION FOR CREDIT LOSSES ProvisionForLoanAndLeaseLosses $-1.40K USD 1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES SellingGeneralAndAdministrativeExpense $6.55M USD 1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES SellingGeneralAndAdministrativeExpense $6.50M USD 1 Quarter
Income from operations OperatingIncomeLoss $9.14M USD 1 Quarter
Income from operations OperatingIncomeLoss $8.04M USD 1 Quarter
INTEREST EXPENSE InterestExpense $499.10K USD 1 Quarter
INTEREST EXPENSE InterestExpense $640.70K USD 1 Quarter
INTEREST AND OTHER INCOME (EXPENSE) InterestAndOtherIncomeExpense $1.80K USD 1 Quarter
INTEREST AND OTHER INCOME (EXPENSE) InterestAndOtherIncomeExpense $-10.50K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $7.39M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $8.64M USD 1 Quarter
PROVISION FOR INCOME TAXES IncomeTaxExpenseBenefit $3.22M USD 1 Quarter
PROVISION FOR INCOME TAXES IncomeTaxExpenseBenefit $2.82M USD 1 Quarter
NET INCOME NetIncomeLossAvailableToCommonStockholdersBasic $4.56M USD 1 Quarter
NET INCOME NetIncomeLossAvailableToCommonStockholdersBasic $5.42M USD 1 Quarter
EARNINGS PER SHARE - BASIC (in dollars per share) EarningsPerShareBasic $1.30 USD 1 Quarter
EARNINGS PER SHARE - BASIC (in dollars per share) EarningsPerShareBasic $1.11 USD 1 Quarter
EARNINGS PER SHARE - DILUTED (in dollars per share) EarningsPerShareDiluted $1.22 USD 1 Quarter
EARNINGS PER SHARE - DILUTED (in dollars per share) EarningsPerShareDiluted $1.06 USD 1 Quarter
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares) WeightedAverageNumberOfSharesOutstandingBasic 4.11M shares 1 Quarter
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares) WeightedAverageNumberOfSharesOutstandingBasic 4.17M shares 1 Quarter
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 4.45M shares 1 Quarter
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 4.31M shares 1 Quarter
Cash Flow Statement 71 line items
Line Item Tag Value Unit Period
Net Income NetIncomeLossAvailableToCommonStockholdersBasic $4.56M USD 1 Quarter
Net Income NetIncomeLossAvailableToCommonStockholdersBasic $5.42M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $98.50K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $109.20K USD 1 Quarter
Provision for credit losses ProvisionForLoanAndLeaseLosses $-14.40K USD 1 Quarter
Provision for credit losses ProvisionForLoanAndLeaseLosses $-1.40K USD 1 Quarter
Compensation expense related to stock options ShareBasedCompensation $477.00K USD 1 Quarter
Compensation expense related to stock options ShareBasedCompensation $449.80K USD 1 Quarter
Loss on sale of marketable securities AvailableForSaleSecuritiesGrossRealizedGainLossNet $-6.20K USD 1 Quarter
Deferred initial direct costs DeferredInitialDirectCosts $112.50K USD 1 Quarter
Deferred initial direct costs DeferredInitialDirectCosts $180.70K USD 1 Quarter
Amortization of deferred initial direct costs AmortizationOfDeferredLeasingFees $125.60K USD 1 Quarter
Amortization of deferred initial direct costs AmortizationOfDeferredLeasingFees $100.00K USD 1 Quarter
Tax benefits on exercised stock options EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions $96.10K USD 1 Quarter
Tax benefits on exercised stock options EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions $9.70K USD 1 Quarter
Receivables IncreaseDecreaseInAccountsReceivable $34.20K USD 1 Quarter
Receivables IncreaseDecreaseInAccountsReceivable $-71.10K USD 1 Quarter
Restricted cash IncreaseDecreaseInRestrictedCashForOperatingActivities $10.00K USD 1 Quarter
Restricted cash IncreaseDecreaseInRestrictedCashForOperatingActivities $10.00K USD 1 Quarter
Income tax receivable/payable IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable $2.99M USD 1 Quarter
Income tax receivable/payable IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable $4.89M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $35.10K USD 1 Quarter
Inventories IncreaseDecreaseInInventories $18.70K USD 1 Quarter
Prepaid expenses IncreaseDecreaseInPrepaidExpense $241.30K USD 1 Quarter
Prepaid expenses IncreaseDecreaseInPrepaidExpense $-268.50K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-442.20K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $426.70K USD 1 Quarter
Accrued and other liabilities IncreaseDecreaseInOtherAccruedLiabilities $-69.10K USD 1 Quarter
Accrued and other liabilities IncreaseDecreaseInOtherAccruedLiabilities $338.30K USD 1 Quarter
Rents received in advance and security deposits AdditionsToAdvanceAndSecurityDeposits $-86.90K USD 1 Quarter
Rents received in advance and security deposits AdditionsToAdvanceAndSecurityDeposits $129.00K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $7.60K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $46.30K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $10.62M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $8.73M USD 1 Quarter
Proceeds from sale of marketable securities ProceedsFromSaleOfAvailableForSaleSecuritiesEquity $17.10K USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $11.90K USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $19.90K USD 1 Quarter
Purchase of equipment for lease contracts PaymentsToAcquireEquipmentOnLease $4.73M USD 1 Quarter
Purchase of equipment for lease contracts PaymentsToAcquireEquipmentOnLease $7.51M USD 1 Quarter
Principal collections on lease receivables ProceedsFromSaleAndCollectionOfLeaseReceivables $5.34M USD 1 Quarter
Principal collections on lease receivables ProceedsFromSaleAndCollectionOfLeaseReceivables $7.29M USD 1 Quarter
Net cash provided by (used for) investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-235.30K USD 1 Quarter
Net cash provided by (used for) investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $606.10K USD 1 Quarter
Proceeds from borrowings on line of credit ProceedsFromLinesOfCredit $1.90M USD 1 Quarter
Proceeds from borrowings on line of credit ProceedsFromLinesOfCredit $500.00K USD 1 Quarter
Payments on line of credit RepaymentsOfLinesOfCredit $9.10M USD 1 Quarter
Payments on line of credit RepaymentsOfLinesOfCredit $9.40M USD 1 Quarter
Payments on notes payable RepaymentsOfNotesPayable $500.00K USD 1 Quarter
Payments on notes payable RepaymentsOfNotesPayable $500.00K USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $1.48M USD 1 Quarter
Proceeds from exercises of stock options ProceedsFromStockOptionsExercised $150.20K USD 1 Quarter
Proceeds from exercises of stock options ProceedsFromStockOptionsExercised $88.60K USD 1 Quarter
Dividends paid PaymentsOfDividends $288.70K USD 1 Quarter
Dividends paid PaymentsOfDividends $416.50K USD 1 Quarter
Net cash used for financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-11.02M USD 1 Quarter
Net cash used for financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-8.03M USD 1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS NetCashProvidedByUsedInContinuingOperations $470.50K USD 1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS NetCashProvidedByUsedInContinuingOperations $206.30K USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $1.01M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $1.21M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $1.25M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $1.72M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $1.01M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $1.21M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $1.25M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $1.72M USD Point-in-time
Cash paid for interest InterestPaidNet $519.60K USD 1 Quarter
Cash paid for interest InterestPaidNet $635.30K USD 1 Quarter
Cash paid (received) for income taxes, net IncomeTaxesPaidNet $-2.08M USD 1 Quarter
Cash paid (received) for income taxes, net IncomeTaxesPaidNet $138.11K USD 1 Quarter
Comprehensive Income 14 line items
Line Item Tag Value Unit Period
NET INCOME NetIncomeLossAvailableToCommonStockholdersBasic $4.56M USD 1 Quarter
NET INCOME NetIncomeLossAvailableToCommonStockholdersBasic $5.42M USD 1 Quarter
Unrealized holding net gains (losses) arising during period OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $7.60K USD 1 Quarter
Unrealized holding net gains (losses) arising during period OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $15.60K USD 1 Quarter
OTHER COMPREHENSIVE INCOME (LOSS), BEFORE TAX OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent $15.60K USD 1 Quarter
OTHER COMPREHENSIVE INCOME (LOSS), BEFORE TAX OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent $7.60K USD 1 Quarter
Unrealized holding net gains/losses arising during period OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $5.90K USD 1 Quarter
Unrealized holding net gains/losses arising during period OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $2.80K USD 1 Quarter
INCOME TAX (EXPENSE) BENEFIT RELATED TO ITEMS OF OTHER COMPREHENSIVE INCOME OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $2.80K USD 1 Quarter
INCOME TAX (EXPENSE) BENEFIT RELATED TO ITEMS OF OTHER COMPREHENSIVE INCOME OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $5.90K USD 1 Quarter
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $9.70K USD 1 Quarter
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $4.80K USD 1 Quarter
COMPREHENSIVE INCOME ComprehensiveIncomeNetOfTax $5.42M USD 1 Quarter
COMPREHENSIVE INCOME ComprehensiveIncomeNetOfTax $4.57M USD 1 Quarter

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

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