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Income Taxes: (Tables)

12 Months Ended

Dec. 26, 2015

Income Taxes:

Schedule of reconciliation of the expected federal income tax expense based on the federal statutory tax rate to the actual income tax expense

		Year Ended
		December 26, 2015			December 27, 2014			December 28, 2013
Federal income tax expense at statutory rate (35%)		$	12,328,700		$	11,406,100		$	10,356,500
Change in valuation allowance		(4,400		)	(25,800		)	7,300
State and local income taxes, net of federal benefit		956,000			897,800			886,200
Permanent differences, including stock option expenses		158,100			144,500			113,000
Other, net		(13,300		)	99,700			(4,700		)
Actual income tax expense		$	13,425,100		$	12,522,300		$	11,358,300

Schedule of components of the provision for income taxes

		Year Ended
		December 26, 2015			December 27, 2014			December 28, 2013
Current:
Federal		$	13,486,500		$	10,567,100		$	10,013,500
State		1,654,800			1,456,400			1,468,600
Foreign		425,900			386,900			375,400
Current provision		15,567,200			12,410,400			11,857,500
Deferred:
Federal		(1,983,200		)	134,200			(449,300		)
State		(158,900		)	(22,300		)	(49,900		)
Deferred provision		(2,142,100		)	111,900			(499,200		)
Total provision for income taxes		$	13,425,100		$	12,522,300		$	11,358,300

Schedule of tax effects of temporary differences that give rise to the net deferred income tax assets and liabilities

		December 26, 2015			December 27, 2014
Deferred tax assets:
Accounts receivable and lease reserves		$	345,200		$	169,600
Accrued restructuring charge		—			64,200
Non-qualified stock option expense		1,926,400			1,382,400
Deferred franchise and software license fees		810,900			720,900
Trademarks		85,700			91,100
Lease deposits		1,373,000			1,228,300
Loss from and impairment of equity and note investments		4,051,400			4,055,800
Valuation allowance		(4,051,400		)	(4,055,800		)
Other		372,800			420,100
Total deferred tax assets		4,914,000			4,076,600
Deferred tax liabilities:
Lease revenue and initial direct costs		(8,277,600		)	(9,579,400		)
Depreciation and amortization		(251,200		)	(254,100		)
Total deferred tax liabilities		(8,528,800		)	(9,833,500		)
Total net deferred tax liabilities		$	(3,614,800	)	$	(5,756,900	)

Summary of activity related to the Company's unrecognized tax benefits

		Total
Balance at December 28, 2013		$	383,700
Increases related to current year tax positions		136,500
Additions for tax positions of prior years		1,600
Expiration of the statute of limitations for the assessment of taxes		(72,800		)
Balance at December 27, 2014		449,000
Increases related to current year tax positions		114,700
Subtractions for tax positions of prior years		(8,000		)
Expiration of the statute of limitations for the assessment of taxes		(85,800		)
Balance at December 26, 2015		$	469,900

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of the change in unrecognized tax benefits.

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