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Income Taxes: (Tables)

12 Months Ended

Dec. 30, 2017

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 30, 2017			December 31, 2016			December 26, 2015
Federal income tax expense at statutory rate (35%)		$	12,750,900		$	12,581,100		$	12,328,700
Change in valuation allowance			7,500			13,800			(4,400)
State and local income taxes, net of federal benefit			1,056,500			1,021,600			956,000
Permanent differences, including stock option expenses			(628,400)			84,300			158,100
Adjustment to uncertain tax positions			77,800			2,900			10,400
Rate change			(1,540,300)			—			—
Other, net			142,000			24,700			(23,700)
Actual income tax expense		$	11,866,000		$	13,728,400		$	13,425,100

Schedule of components of the provision for income taxes

		Year Ended
		December 30, 2017			December 31, 2016			December 26, 2015
Current:
Federal		$	11,143,400		$	12,016,000		$	13,486,500
State			1,732,100			1,598,700			1,654,800
Foreign			365,900			396,600			425,900
Current provision			13,241,400			14,011,300			15,567,200
Deferred:
Federal			(1,405,000)			(274,600)			(1,983,200)
State			29,600			(8,300)			(158,900)
Deferred provision			(1,375,400)			(282,900)			(2,142,100)
Total provision for income taxes		$	11,866,000		$	13,728,400		$	13,425,100

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

		December 30, 2017			December 31, 2016
Deferred tax assets:
Accounts receivable and lease reserves		$	179,800		$	347,400
Non-qualified stock option expense			1,800,600			2,370,700
Deferred franchise and software license fees			561,800			817,500
Trademarks			44,300			76,800
Lease deposits			1,110,000			1,674,300
Loss from and impairment of equity and note investments			2,634,500			4,065,200
Valuation allowance			(2,634,500)			(4,065,200)
Other			190,600			413,100
Total deferred tax assets			3,887,100			5,699,800
Deferred tax liabilities:
Lease revenue and initial direct costs			(5,707,000)			(8,802,800)
Depreciation and amortization			(136,600)			(228,900)
Total deferred tax liabilities			(5,843,600)			(9,031,700)
Total net deferred tax liabilities		$	(1,956,500)		$	(3,331,900)

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

		Total
Balance at December 26, 2015		$	469,900
Increases related to current year tax positions			128,500
Subtractions for tax positions of prior years			(5,300)
Expiration of the statute of limitations for the assessment of taxes			(113,600)
Balance at December 31, 2016			479,500
Increases related to current year tax positions			192,900
Subtractions for tax positions of prior years			(8,300)
Expiration of the statute of limitations for the assessment of taxes			(113,000)
Balance at December 30, 2017		$	551,100

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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
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
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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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-Topic 740
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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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-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
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Tabular disclosure of the change in unrecognized tax benefits.

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-SubTopic 10
-Section 55
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