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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 24, 2016
Sep. 26, 2015
OPERATING ACTIVITIES:    
Net Income $ 16,051,400 $ 16,145,300
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 320,600 322,800
Provision for credit losses (52,000) (123,400)
Compensation expense related to stock options 1,324,400 1,255,100
Deferred income taxes 62,100 (3,329,900)
Loss on sale of marketable securities 12,600 22,800
Deferred initial direct costs (421,300) (332,900)
Amortization of deferred initial direct costs 356,200 491,700
Tax benefits on exercised stock options (69,700) (16,600)
Change in operating assets and liabilities:    
Receivables (138,400) 14,000
Restricted cash (15,000)  
Income tax receivable 2,575,400 3,323,200
Inventories (50,400) 33,900
Prepaid expenses (243,200) (290,100)
Other assets   70,000
Accounts payable (524,400) (747,100)
Accrued and other liabilities 617,600 1,133,300
Rents received in advance and security deposits 392,300 6,600
Deferred revenue (261,900) 184,900
Net cash provided by operating activities 19,936,300 18,163,600
INVESTING ACTIVITIES:    
Proceeds from sale of marketable securities 52,200 299,000
Purchase of marketable securities   (75,800)
Purchase of property and equipment (46,800) (121,300)
Purchase of equipment for lease contracts (16,432,200) (18,516,900)
Principal collections on lease receivables 17,749,900 22,047,500
Net cash provided by investing activities 1,323,100 3,632,500
FINANCING ACTIVITIES:    
Proceeds from borrowings on line of credit 10,600,000 56,500,000
Payments on line of credit (27,800,000) (28,800,000)
Proceeds from borrowings on notes payable   25,000,000
Payments on notes payable (1,500,000) (500,000)
Repurchases of common stock (1,573,900) (74,261,500)
Proceeds from exercises of stock options 170,900 159,000
Dividends paid (1,111,900) (939,200)
Tax benefits on exercised stock options 69,700 16,600
Net cash used for financing activities (21,145,200) (22,825,100)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 114,200 (1,029,000)
Cash and cash equivalents, beginning of period 1,006,700 2,089,700
Cash and cash equivalents, end of period 1,120,900 1,060,700
SUPPLEMENTAL DISCLOSURES:    
Cash paid for interest 1,778,400 830,400
Cash paid for income taxes $ 7,316,700 $ 10,056,800