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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 27, 2015
Jun. 28, 2014
OPERATING ACTIVITIES:    
Net Income $ 10,805,700 $ 8,832,700
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 214,200 202,400
Provision for credit losses (162,200) 27,800
Compensation expense related to stock options 820,400 670,000
Deferred income taxes (2,058,900) (1,902,700)
(Gain) loss on sale of marketable securities 22,800 (500)
Deferred initial direct costs (279,800) (698,400)
Amortization of deferred initial direct costs 395,800 375,800
Tax benefits on exercised stock options (16,600) (74,700)
Change in operating assets and liabilities:    
Receivables 86,700 117,500
Income tax receivable / payable 2,778,400 (507,800)
Inventories 32,700 18,100
Prepaid expenses (114,200) 193,800
Accounts payable (400,000) (1,017,900)
Accrued and other liabilities 496,400 1,262,100
Rents received in advance and security deposits 21,700 95,200
Deferred revenue 156,900 2,500
Net cash provided by operating activities 12,800,000 7,595,900
INVESTING ACTIVITIES:    
Proceeds from sale of marketable securities 299,000 511,400
Purchase of marketable securities (33,800) (612,900)
Purchase of property and equipment (87,600) (337,900)
Purchase of equipment for lease contracts (11,417,300) (15,155,900)
Principal collections on lease receivables 16,606,800 9,451,600
Net cash provided by (used for) investing activities 5,367,100 (6,143,700)
FINANCING ACTIVITIES:    
Proceeds from borrowings on line of credit 51,600,000 26,400,000
Payments on line of credit (21,000,000) (3,300,000)
Proceeds from borrowings on notes payable 25,000,000  
Repurchases of common stock (74,261,500) (7,186,800)
Proceeds from exercises of stock options 159,000 392,000
Dividends paid (650,100) (26,330,000)
Tax benefits on exercised stock options 16,600 74,700
Net cash used for financing activities (19,136,000) (9,950,100)
NET DECREASE IN CASH AND CASH EQUIVALENTS (968,900) (8,497,900)
Cash and cash equivalents, beginning of period 2,089,700 10,642,600
Cash and cash equivalents, end of period 1,120,800 2,144,700
SUPPLEMENTAL DISCLOSURES:    
Cash paid for interest 157,900 152,300
Cash paid for income taxes $ 6,028,500 $ 7,899,800