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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 24, 2016
OPERATING ACTIVITIES:    
Net Income $ 16,908,600 $ 16,051,400
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 275,700 320,600
Provision for credit losses (26,200) (52,000)
Compensation expense related to stock options 1,462,500 1,324,400
Deferred income taxes 153,400 62,100
(Gain) Loss on sale of marketable securities (1,400) 12,600
Deferred initial direct costs (369,200) (421,300)
Amortization of deferred initial direct costs 345,300 356,200
Tax benefits on exercised stock options 592,800 69,700
Change in operating assets and liabilities:    
Receivables (228,900) (138,400)
Restricted cash   (15,000)
Income tax receivable/payable (641,500) 2,505,700
Inventories 20,500 (50,400)
Prepaid expenses 185,300 (243,200)
Accounts payable (217,400) (524,400)
Accrued and other liabilities 867,000 617,600
Rents received in advance and security deposits 92,800 392,300
Deferred revenue (181,000) (261,900)
Net cash provided by operating activities 19,238,300 20,006,000
INVESTING ACTIVITIES:    
Proceeds from sale of marketable securities 217,200 52,200
Purchase of property and equipment (53,800) (46,800)
Purchase of equipment for lease contracts (19,253,300) (16,432,200)
Principal collections on lease receivables 20,078,100 17,749,900
Net cash provided by (used for) investing activities 988,200 1,323,100
FINANCING ACTIVITIES:    
Proceeds from borrowings on line of credit 46,900,000 10,600,000
Payments on line of credit (28,400,000) (27,800,000)
Proceeds from borrowings on notes payable 12,500,000  
Payments on notes payable (1,500,000) (1,500,000)
Repurchases of common stock (49,904,100) (1,573,900)
Proceeds from exercises of stock options 1,329,200 170,900
Dividends paid (1,343,800) (1,111,900)
Net cash used for financing activities (20,418,700) (21,214,900)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (192,200) 114,200
Cash and cash equivalents, beginning of period 1,252,900 1,006,700
Cash and cash equivalents, end of period 1,060,700 1,120,900
SUPPLEMENTAL DISCLOSURES:    
Cash paid for interest 1,349,500 1,778,400
Cash paid for income taxes $ 9,514,800 $ 7,316,700