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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 29, 2018
Dec. 30, 2017
Dec. 31, 2016
OPERATING ACTIVITIES:      
Net Income $ 30,125,500 $ 24,580,500 $ 22,148,400
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 314,100 355,400 420,500
Provision for credit losses 38,600 9,000 18,500
Compensation expense related to stock options 1,976,100 1,956,600 1,776,600
Deferred income taxes 827,800 (1,370,300) (305,400)
Gain on sale of marketable securities   (1,400) 12,600
Deferred initial direct costs (1,367,800) (416,300) (535,800)
Amortization of deferred initial direct costs 1,048,500 447,700 471,100
Tax benefits on exercised stock options 403,800 882,300 599,400
Change in operating assets and liabilities:      
Receivables 242,900 (316,800) (62,300)
Income tax receivable/payable 1,192,500 (1,371,300) 1,597,700
Inventories (10,500) (9,600) (42,300)
Prepaid expenses   242,400 (367,000)
Other assets (132,200) (15,500) 25,500
Accounts payable (721,200) 381,000 48,700
Accrued and other liabilities 1,490,000 (174,400) (253,400)
Rents received in advance and security deposits (358,200) 126,700 759,900
Deferred revenue (132,900) (98,300) (36,000)
Net cash provided by operating activities 34,937,000 25,207,700 26,276,700
INVESTING ACTIVITIES:      
Proceeds from sale of marketable securities   217,200 52,200
Purchase of property and equipment (693,500) (72,600) (68,600)
Purchase of equipment for lease contracts (23,104,800) (25,403,200) (26,211,100)
Principal collections on lease receivables 24,252,200 25,343,800 23,006,800
Net cash provided by (used for) investing activities 453,900 85,200 (3,220,700)
FINANCING ACTIVITIES:      
Proceeds from borrowings on line of credit 7,300,000 51,900,000 18,800,000
Payments on line of credit (42,700,000) (39,900,000) (37,800,000)
Proceeds from borrowings on notes payable   12,500,000  
Payments on notes payable (3,250,000) (2,312,500) (2,000,000)
Repurchases of common stock (1,846,400) (49,902,500) (1,573,900)
Proceeds from exercises of stock options 2,819,700 2,309,700 1,305,900
Dividends paid (2,169,900) (1,765,000) (1,526,800)
Proceeds from discounted lease rentals 5,868,500 1,747,700  
Net cash used for financing activities (33,978,100) (25,422,600) (22,794,800)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 1,412,800 (129,700) 261,200
Cash, cash equivalents and restricted cash, beginning of period 1,163,200 1,292,900 1,031,700
Cash, cash equivalents and restricted cash, end of period $ 2,576,000 $ 1,163,200 $ 1,292,900