Income Taxes: (Tables)

12 Months Ended

Dec. 26, 2020

Income Taxes:

Schedule of reconciliation of the expected federal income tax expense based on the federal statutory tax rate to the actual income tax expense

	Year Ended
	December 26, 2020		December 28, 2019		December 29, 2018
Federal income tax expense at statutory rate (21%, 21%, 21%)	$	8,088,600	$	8,708,200	$	8,249,400
Change in valuation allowance		54,000		147,900		(13,800)
State and local income taxes, net of federal benefit		1,368,500		1,310,800		1,334,100
Permanent differences, including stock option expenses		(1,027,300)		(1,056,800)		(355,500)
Adjustment to uncertain tax positions		85,100		(58,500)		4,500
Other, net		125,200		266,500		(61,100)
Actual income tax expense	$	8,694,100	$	9,318,100	$	9,157,600

Schedule of components of the provision for income taxes

	Year Ended
	December 26, 2020		December 28, 2019		December 29, 2018
Current:
Federal	$	7,836,000	$	9,076,400	$	6,355,800
State		1,795,800		1,693,800		1,551,000
Foreign		286,000		363,200		423,000
Current provision		9,917,800		11,133,400		8,329,800
Deferred:
Federal		(1,202,100)		(1,834,800)		967,300
State		(21,600)		19,500		(139,500)
Deferred provision		(1,223,700)		(1,815,300)		827,800
Total provision for income taxes	$	8,694,100	$	9,318,100	$	9,157,600

Schedule of tax effects of temporary differences that give rise to the net deferred income tax assets and liabilities

	December 26, 2020		December 28, 2019
Deferred tax assets:
Accounts receivable and lease reserves	$	66,600	$	154,700
Non-qualified stock option expense		1,581,900		1,758,100
Deferred revenue		1,885,400		1,957,500
Trademarks		36,100		34,500
Lease deposits		532,600		930,700
Loss from and impairment of equity and note investments		2,637,600		2,595,500
Foreign tax credits		185,000		173,100
Valuation allowance		(2,822,600)		(2,768,600)
Other		204,600		194,400
Total deferred tax assets		4,307,200		5,029,900
Deferred tax liabilities:
Lease revenue and initial direct costs		(2,330,700)		(4,207,400)
Depreciation and amortization		(85,800)		(155,500)
Total deferred tax liabilities		(2,416,500)		(4,362,900)
Total net deferred tax assets	$	1,890,700	$	667,000

Summary of activity related to the Company's unrecognized tax benefits

	Total
Balance at December 29, 2018	$	551,300
Increases related to current year tax positions		131,900
Expiration of the statute of limitations for the assessment of taxes		(184,200)
Balance at December 28, 2019		499,000
Increases related to current year tax positions		144,500
Subtractions for tax positions of prior years		(133,400)
Balance at December 26, 2020	$	510,100