XML 50 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Dec. 27, 2014
Dec. 28, 2013
Dec. 29, 2012
OPERATING ACTIVITIES:      
Net Income $ 20,066,500us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 18,231,600us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 12,937,900us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 412,000us-gaap_DepreciationDepletionAndAmortization 431,500us-gaap_DepreciationDepletionAndAmortization 433,300us-gaap_DepreciationDepletionAndAmortization
Provision for credit losses 62,900us-gaap_ProvisionForLoanAndLeaseLosses (44,700)us-gaap_ProvisionForLoanAndLeaseLosses (47,600)us-gaap_ProvisionForLoanAndLeaseLosses
Compensation expense related to stock options 1,417,200us-gaap_ShareBasedCompensation 1,153,600us-gaap_ShareBasedCompensation 930,200us-gaap_ShareBasedCompensation
Deferred income taxes 111,900us-gaap_IncreaseDecreaseInDeferredIncomeTaxes (499,200)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 324,300us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
Gain on sale of marketable securities (8,700)us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet (25,200)us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet (21,200)us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet
Loss from disposal of property and equipment 2,300us-gaap_GainLossOnSaleOfPropertyPlantEquipment   300us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Loss from equity investments     2,492,900wina_LossFromEquityInvestments
Impairment of investment in notes     1,324,400us-gaap_ImpairmentOfInvestments
Deferred initial direct costs (850,400)wina_DeferredInitialDirectCosts (444,400)wina_DeferredInitialDirectCosts (728,000)wina_DeferredInitialDirectCosts
Amortization of deferred initial direct costs 754,400us-gaap_AmortizationOfDeferredLeasingFees 539,900us-gaap_AmortizationOfDeferredLeasingFees 574,000us-gaap_AmortizationOfDeferredLeasingFees
Tax benefits on exercised stock options (91,100)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (413,600)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (884,300)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Change in operating assets and liabilities:      
Receivables (122,700)us-gaap_IncreaseDecreaseInAccountsReceivable 31,600us-gaap_IncreaseDecreaseInAccountsReceivable 79,100us-gaap_IncreaseDecreaseInAccountsReceivable
Income tax receivable / payable (3,886,100)us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable 1,647,800us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable (386,400)us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
Inventories 3,200us-gaap_IncreaseDecreaseInInventories (25,500)us-gaap_IncreaseDecreaseInInventories (2,700)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses 119,900us-gaap_IncreaseDecreaseInPrepaidExpense (142,100)us-gaap_IncreaseDecreaseInPrepaidExpense (83,200)us-gaap_IncreaseDecreaseInPrepaidExpense
Accounts payable (485,900)us-gaap_IncreaseDecreaseInAccountsPayable 237,700us-gaap_IncreaseDecreaseInAccountsPayable 743,400us-gaap_IncreaseDecreaseInAccountsPayable
Accrued and other liabilities 423,700us-gaap_IncreaseDecreaseInOtherAccruedLiabilities (158,300)us-gaap_IncreaseDecreaseInOtherAccruedLiabilities (194,200)us-gaap_IncreaseDecreaseInOtherAccruedLiabilities
Rents received in advance and security deposits (55,900)wina_AdditionsToAdvanceAndSecurityDeposits 342,300wina_AdditionsToAdvanceAndSecurityDeposits 142,100wina_AdditionsToAdvanceAndSecurityDeposits
Deferred revenue 109,800us-gaap_IncreaseDecreaseInDeferredRevenue 785,900us-gaap_IncreaseDecreaseInDeferredRevenue 538,000us-gaap_IncreaseDecreaseInDeferredRevenue
Net cash provided by operating activities 17,983,000us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 21,648,900us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 18,172,300us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
INVESTING ACTIVITIES:      
Proceeds from sale of marketable securities 862,400us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity 774,400us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity 1,527,700us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
Purchase of marketable securities (637,200)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity (1,399,900)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity (583,100)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity
Purchase of property and equipment (452,400)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (396,400)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (188,300)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Purchase of equipment for lease contracts (27,547,400)us-gaap_PaymentsToAcquireEquipmentOnLease (20,727,100)us-gaap_PaymentsToAcquireEquipmentOnLease (23,792,800)us-gaap_PaymentsToAcquireEquipmentOnLease
Principal collections on lease receivables 20,724,600us-gaap_ProceedsFromSaleAndCollectionOfLeaseReceivables 17,755,900us-gaap_ProceedsFromSaleAndCollectionOfLeaseReceivables 16,886,700us-gaap_ProceedsFromSaleAndCollectionOfLeaseReceivables
Net cash used for investing activities (7,050,000)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (3,993,100)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (6,149,800)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
FINANCING ACTIVITIES:      
Proceeds from borrowings on line of credit 33,900,000us-gaap_ProceedsFromLinesOfCredit 2,000,000us-gaap_ProceedsFromLinesOfCredit 25,100,000us-gaap_ProceedsFromLinesOfCredit
Payments on line of credit (15,400,000)us-gaap_RepaymentsOfLinesOfCredit (12,800,000)us-gaap_RepaymentsOfLinesOfCredit (14,300,000)us-gaap_RepaymentsOfLinesOfCredit
Repurchases of common stock (11,564,800)us-gaap_PaymentsForRepurchaseOfCommonStock (1,854,900)us-gaap_PaymentsForRepurchaseOfCommonStock (7,220,300)us-gaap_PaymentsForRepurchaseOfCommonStock
Proceeds from exercises of stock options 418,000us-gaap_ProceedsFromStockOptionsExercised 3,237,200us-gaap_ProceedsFromStockOptionsExercised 1,430,600us-gaap_ProceedsFromStockOptionsExercised
Dividends paid (26,930,200)us-gaap_PaymentsOfDividends (964,300)us-gaap_PaymentsOfDividends (26,122,400)us-gaap_PaymentsOfDividends
Proceeds from discounted lease rentals   721,800us-gaap_ProceedsFromIssuanceOfSecuredDebt 1,418,600us-gaap_ProceedsFromIssuanceOfSecuredDebt
Tax benefits on exercised stock options 91,100us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 413,600us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 884,300us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Net cash used for financing activities (19,485,900)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (9,246,600)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (18,809,200)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (8,552,900)us-gaap_NetCashProvidedByUsedInContinuingOperations 8,409,200us-gaap_NetCashProvidedByUsedInContinuingOperations (6,786,700)us-gaap_NetCashProvidedByUsedInContinuingOperations
CASH AND CASH EQUIVALENTS, beginning of year 10,642,600us-gaap_CashAndCashEquivalentsAtCarryingValue 2,233,400us-gaap_CashAndCashEquivalentsAtCarryingValue 9,020,100us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH AND CASH EQUIVALENTS, end of year 2,089,700us-gaap_CashAndCashEquivalentsAtCarryingValue 10,642,600us-gaap_CashAndCashEquivalentsAtCarryingValue 2,233,400us-gaap_CashAndCashEquivalentsAtCarryingValue
SUPPLEMENTAL DISCLOSURES:      
Cash paid for interest 421,200us-gaap_InterestPaidNet 217,500us-gaap_InterestPaidNet 341,100us-gaap_InterestPaidNet
Cash paid for income taxes 16,229,000us-gaap_IncomeTaxesPaid 10,135,100us-gaap_IncomeTaxesPaid 10,291,200us-gaap_IncomeTaxesPaid
Non-cash landlord leasehold improvements   $ 187,800wina_NonCashLandlordLeaseholdImprovements