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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Jun. 30, 2012
Jun. 25, 2011
OPERATING ACTIVITIES:    
Net income $ 6,920,400 $ 6,426,500
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 219,400 242,700
Provision for credit losses (67,900) 21,300
Compensation expense related to stock options 437,400 351,100
Deferred income taxes 275,100  
Loss (gain) on sale of marketable securities (30,000) 600
Loss from equity investments 278,100 219,900
Impairment of investment in notes   252,900
Deferred initial direct costs (414,200) (179,600)
Amortization of deferred initial direct costs 273,100 335,800
Tax benefits on exercised stock options (327,400) (137,600)
Change in operating assets and liabilities:    
Receivables 274,300 197,600
Income tax receivable / payable (717,500) 1,882,200
Inventories (16,100) 35,600
Prepaid expenses (39,100) 58,500
Accounts payable (208,000) 765,100
Accrued and other liabilities 803,800 367,300
Rents received in advance and security deposits 167,500 19,300
Other assets   3,000
Deferred revenue 461,700 412,900
Net cash provided by operating activities 8,290,600 11,275,100
INVESTING ACTIVITIES:    
Purchase of long term investments   (1,000,000)
Proceeds from sale of marketable securities 1,313,500 160,400
Purchase of marketable securities (380,700) (8,400)
Purchase of property and equipment (68,100) (112,700)
Purchase of equipment for lease contracts (10,913,900) (10,947,800)
Principal collections on lease receivables 8,566,100 10,908,300
Net cash used for investing activities (1,483,100) (1,000,200)
FINANCING ACTIVITIES:    
Proceeds from borrowings on line of credit 17,600,000 1,500,000
Payments on line of credit (4,800,000) (10,300,000)
Repurchases of common stock (2,574,700) (3,313,500)
Proceeds from exercises of stock options 403,200 729,100
Dividends paid (25,722,100) (249,200)
Proceeds from discounted lease rentals 975,900  
Tax benefits on exercised stock options 327,400 137,600
Net cash used for financing activities (13,790,300) (11,496,000)
NET DECREASE IN CASH AND CASH EQUIVALENTS (6,982,800) (1,221,100)
Cash and cash equivalents, beginning of period 9,020,100 2,257,100
Cash and cash equivalents, end of period 2,037,300 1,036,000
SUPPLEMENTAL DISCLOSURES:    
Cash paid for interest 161,600 130,900
Cash paid for income taxes $ 5,024,300 $ 2,329,600