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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 25, 2016
Jun. 27, 2015
OPERATING ACTIVITIES:    
Net Income $ 9,957,200 $ 10,805,700
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 217,300 214,200
Provision for credit losses (22,300) (162,200)
Compensation expense related to stock options 882,200 820,400
Deferred income taxes   (2,058,900)
Loss on sale of marketable securities 12,600 22,800
Deferred initial direct costs (326,100) (279,800)
Amortization of deferred initial direct costs 234,200 395,800
Tax benefits on exercised stock options (9,700) (16,600)
Change in operating assets and liabilities:    
Receivables 28,100 86,700
Income tax receivable 2,518,300 2,778,400
Inventories (36,000) 32,700
Prepaid expenses (112,600) (114,200)
Accounts payable (653,200) (400,000)
Accrued and other liabilities 406,000 496,400
Rents received in advance and security deposits 202,800 21,700
Deferred revenue (142,600) 156,900
Net cash provided by operating activities 13,156,200 12,800,000
INVESTING ACTIVITIES:    
Proceeds from sale of marketable securities 52,200 299,000
Purchase of marketable securities   (33,800)
Purchase of property and equipment (31,500) (87,600)
Purchase of equipment for lease contracts (10,585,600) (11,417,300)
Principal collections on lease receivables 12,474,600 16,606,800
Net cash provided by investing activities 1,909,700 5,367,100
FINANCING ACTIVITIES:    
Proceeds from borrowings on line of credit 6,500,000 51,600,000
Payments on line of credit (18,400,000) (21,000,000)
Proceeds from borrowings on notes payable   25,000,000
Payments on notes payable (1,000,000)  
Repurchases of common stock (1,573,900) (74,261,500)
Proceeds from exercises of stock options 150,200 159,000
Dividends paid (699,800) (650,100)
Tax benefits on exercised stock options 9,700 16,600
Net cash used for financing activities (15,013,800) (19,136,000)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 52,100 (968,900)
Cash and cash equivalents, beginning of period 1,006,700 2,089,700
Cash and cash equivalents, end of period 1,058,800 1,120,800
SUPPLEMENTAL DISCLOSURES:    
Cash paid for interest 939,800 157,900
Cash paid for income taxes $ 3,650,700 $ 6,028,500