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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 26, 2015
Dec. 27, 2014
Dec. 28, 2013
OPERATING ACTIVITIES:      
Net Income $ 21,799,700 $ 20,066,500 $ 18,231,600
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 432,600 412,000 431,500
Provision for credit losses (149,700) 62,900 (44,700)
Compensation expense related to stock options 1,694,800 1,417,200 1,153,600
Deferred income taxes (2,142,100) 111,900 (499,200)
Loss (gain) on sale of marketable securities 22,800 (8,700) (25,200)
Loss from disposal of property and equipment 100 2,300  
Deferred initial direct costs (416,600) (850,400) (444,400)
Amortization of deferred initial direct costs 587,300 754,400 539,900
Tax benefits on exercised stock options (26,300) (91,100) (413,600)
Change in operating assets and liabilities:      
Receivables (88,700) (122,700) 31,600
Restricted Cash (25,000)    
Income tax receivable/payable 897,000 (3,886,100) 1,647,800
Inventories 48,300 3,200 (25,500)
Prepaid expenses (210,400) 119,900 (142,100)
Other assets 70,000    
Accounts payable (312,200) (485,900) 237,700
Accrued and other liabilities (147,100) 423,700 (158,300)
Rents received in advance and security deposits 370,600 (55,900) 342,300
Deferred revenue (105,600) 109,800 785,900
Net cash provided by operating activities 22,299,500 17,983,000 21,648,900
INVESTING ACTIVITIES:      
Proceeds from sale of marketable securities 299,000 862,400 774,400
Purchase of marketable securities (75,800) (637,200) (1,399,900)
Purchase of property and equipment (133,900) (452,400) (396,400)
Purchase of equipment for lease contracts (22,192,800) (27,547,400) (20,727,100)
Principal collections on lease receivables 26,603,000 20,724,600 17,755,900
Net cash provided by (used for) investing activities 4,499,500 (7,050,000) (3,993,100)
FINANCING ACTIVITIES:      
Proceeds from borrowings on line of credit 62,300,000 33,900,000 2,000,000
Payments on line of credit (38,400,000) (15,400,000) (12,800,000)
Proceeds from borrowings on notes payable 25,000,000    
Payments on notes payable (1,000,000)    
Repurchases of common stock (74,853,700) (11,564,800) (1,854,900)
Proceeds from exercises of stock options 273,600 418,000 3,237,200
Dividends paid (1,228,200) (26,930,200) (964,300)
Proceeds from discounted lease rentals     721,800
Tax benefits on exercised stock options 26,300 91,100 413,600
Net cash used for financing activities (27,882,000) (19,485,900) (9,246,600)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (1,083,000) (8,552,900) 8,409,200
Cash and cash equivalents, beginning of period 2,089,700 10,642,600 2,233,400
Cash and cash equivalents, end of period 1,006,700 2,089,700 10,642,600
SUPPLEMENTAL DISCLOSURES:      
Cash paid for interest 1,492,500 421,200 217,500
Cash paid for income taxes $ 14,647,400 $ 16,229,000 10,135,100
Non-cash landlord leasehold improvements     $ 187,800