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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 26, 2015
Sep. 27, 2014
OPERATING ACTIVITIES:    
Net Income $ 16,145,300 $ 14,455,700
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 322,800 304,600
Provision for credit losses (123,400) 26,100
Compensation expense related to stock options 1,255,100 1,037,200
Deferred income taxes (3,329,900) (2,858,000)
(Gain) loss on sale of marketable securities 22,800 (12,700)
Deferred initial direct costs (332,900) (757,100)
Amortization of deferred initial direct costs 491,700 576,000
Tax benefits on exercised stock options (16,600) (74,700)
Change in operating assets and liabilities:    
Receivables 14,000 98,900
Income tax receivable / payable 3,323,200 290,900
Inventories 33,900 500
Prepaid expenses (290,100) (66,900)
Other assets 70,000  
Accounts payable (747,100) 668,000
Accrued and other liabilities 1,133,300 1,522,600
Rents received in advance and security deposits 6,600 114,200
Deferred revenue 184,900 100,400
Net cash provided by operating activities 18,163,600 15,425,700
INVESTING ACTIVITIES:    
Proceeds from sale of marketable securities 299,000 603,200
Purchase of marketable securities (75,800) (629,800)
Purchase of property and equipment (121,300) (423,700)
Purchase of equipment for lease contracts (18,516,900) (21,394,100)
Principal collections on lease receivables 22,047,500 15,519,800
Net cash provided by (used for) investing activities 3,632,500 (6,324,600)
FINANCING ACTIVITIES:    
Proceeds from borrowings on line of credit 56,500,000 28,400,000
Payments on line of credit (28,800,000) (8,400,000)
Proceeds from borrowings on notes payable 25,000,000  
Payments on notes payable (500,000)  
Repurchases of common stock (74,261,500) (11,564,800)
Proceeds from exercises of stock options 159,000 392,000
Dividends paid (939,200) (26,630,400)
Tax benefits on exercised stock options 16,600 74,700
Net cash used for financing activities (22,825,100) (17,728,500)
NET DECREASE IN CASH AND CASH EQUIVALENTS (1,029,000) (8,627,400)
Cash and cash equivalents, beginning of period 2,089,700 10,642,600
Cash and cash equivalents, end of period 1,060,700 2,015,200
SUPPLEMENTAL DISCLOSURES:    
Cash paid for interest 830,400 301,000
Cash paid for income taxes $ 10,056,800 $ 11,487,700