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Income Taxes: (Tables)

12 Months Ended

Dec. 28, 2019

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 28, 2019			December 29, 2018			December 30, 2017
Federal income tax expense at statutory rate (21%,  21%,  35%)		$	8,708,200		$	8,249,400		$	12,758,000
Change in valuation allowance			147,900			(13,800)			7,500
State and local income taxes, net of federal benefit			1,310,800			1,334,100			1,057,100
Permanent differences, including stock option expenses			(1,056,800)			(355,500)			(628,400)
Adjustment to uncertain tax positions			(58,500)			4,500			77,800
Rate change			—			—			(1,540,300)
Other, net			266,500			(61,100)			139,300
Actual income tax expense		$	9,318,100		$	9,157,600		$	11,871,000

Schedule of components of the provision for income taxes

		Year Ended
		December 28, 2019			December 29, 2018			December 30, 2017
Current:
Federal		$	9,076,400		$	6,355,800		$	10,296,100
State			1,693,800			1,551,000			1,688,100
Foreign			363,200			423,000			365,900
Current provision			11,133,400			8,329,800			12,350,100
Deferred:
Federal			(1,834,800)			967,300			(463,800)
State			19,500			(139,500)			(15,300)
Deferred provision			(1,815,300)			827,800			(479,100)
Total provision for income taxes		$	9,318,100		$	9,157,600		$	11,871,000

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

		December 28, 2019			December 29, 2018
Deferred tax assets:
Accounts receivable and lease reserves		$	154,700		$	215,900
Non-qualified stock option expense			1,758,100			2,071,600
Deferred revenue			1,957,500			2,020,100
Trademarks			34,500			39,800
Lease deposits			930,700			1,004,700
Loss from and impairment of equity and note investments			2,595,500			2,620,700
Foreign tax credits			173,100			—
Valuation allowance			(2,768,600)			(2,620,700)
Other			194,400			331,400
Total deferred tax assets			5,029,900			5,683,500
Deferred tax liabilities:
Lease revenue and initial direct costs			(4,207,400)			(6,664,800)
Depreciation and amortization			(155,500)			(167,000)
Total deferred tax liabilities			(4,362,900)			(6,831,800)
Total net deferred tax assets (liabilities)		$	667,000		$	(1,148,300)

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

		Total
Balance at December 30, 2017		$	551,100
Increases related to current year tax positions			135,600
Expiration of the statute of limitations for the assessment of taxes			(135,400)
Balance at December 29, 2018			551,300
Increases related to current year tax positions			131,900
Expiration of the statute of limitations for the assessment of taxes			(184,200)
Balance at December 28, 2019		$	499,000

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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.

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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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