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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 26, 2015
Dec. 27, 2014
OPERATING ACTIVITIES:      
Net Income $ 22,217,600 $ 21,799,700 $ 20,066,500
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 420,500 432,600 412,000
Provision for credit losses 18,500 (149,700) 62,900
Compensation expense related to stock options 1,776,600 1,694,800 1,417,200
Deferred income taxes (282,900) (2,142,100) 111,900
Loss (gain) on sale of marketable securities 12,600 22,800 (8,700)
Loss from disposal of property and equipment   100 2,300
Deferred initial direct costs (535,800) (416,600) (850,400)
Amortization of deferred initial direct costs 471,100 587,300 754,400
Tax benefits on exercised stock options (599,400) (26,300) (91,100)
Change in operating assets and liabilities:      
Receivables (62,300) (88,700) (122,700)
Restricted cash (15,000) (25,000)  
Income tax receivable/payable 2,197,100 897,000 (3,886,100)
Inventories (42,300) 48,300 3,200
Prepaid expenses (372,900) (210,400) 119,900
Other assets   70,000  
Accounts payable 48,700 (312,200) (485,900)
Accrued and other liabilities (253,400) (147,100) 423,700
Rents received in advance and security deposits 759,900 370,600 (55,900)
Deferred revenue (96,300) (105,600) 109,800
Net cash provided by operating activities 25,662,300 22,299,500 17,983,000
INVESTING ACTIVITIES:      
Proceeds from sale of marketable securities 52,200 299,000 862,400
Purchase of marketable securities   (75,800) (637,200)
Purchase of property and equipment (68,600) (133,900) (452,400)
Purchase of equipment for lease contracts (26,211,100) (22,192,800) (27,547,400)
Principal collections on lease receivables 23,006,800 26,603,000 20,724,600
Net cash provided by (used for) investing activities (3,220,700) 4,499,500 (7,050,000)
FINANCING ACTIVITIES:      
Proceeds from borrowings on line of credit 18,800,000 62,300,000 33,900,000
Payments on line of credit (37,800,000) (38,400,000) (15,400,000)
Proceeds from borrowings on notes payable   25,000,000  
Payments on notes payable (2,000,000) (1,000,000)  
Repurchases of common stock (1,573,900) (74,853,700) (11,564,800)
Proceeds from exercises of stock options 1,305,900 273,600 418,000
Dividends paid (1,526,800) (1,228,200) (26,930,200)
Tax benefits on exercised stock options 599,400 26,300 91,100
Net cash used for financing activities (22,195,400) (27,882,000) (19,485,900)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 246,200 (1,083,000) (8,552,900)
Cash and cash equivalents, beginning of period 1,006,700 2,089,700 10,642,600
Cash and cash equivalents, end of period 1,252,900 1,006,700 2,089,700
SUPPLEMENTAL DISCLOSURES:      
Cash paid for interest 2,296,000 1,492,500 421,200
Cash paid for income taxes $ 11,801,400 $ 14,647,400 $ 16,229,000