XML 29 R18.htm IDEA: XBRL DOCUMENT
v3.22.4

Income Taxes: | 12 Months Ended
--- | ---
Dec. 31, 2022
Income Taxes: |
Income Taxes: | 11. Income Taxes: A reconciliation of the expected federal income tax expense based on the federal statutory tax rate to the actual income tax expense is provided below: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended |
​ |  | December 31, 2022 |  | December 25, 2021 |  | December 26, 2020 |
Federal income tax expense at statutory rate (21%, 21%, 21%) | ​ | $ | 10,664,500 | ​ | $ | 10,472,100 | ​ | $ | 8,088,600 | ​
Change in valuation allowance | ​ |  | (6,600) | ​ |  | (1,914,400) | ​ |  | 54,000 | ​
State and local income taxes, net of federal benefit | ​ |  | 1,515,900 | ​ |  | 1,546,400 | ​ |  | 1,368,500 | ​
Permanent differences, including stock option expenses | ​ |  | (955,900) | ​ |  | (2,332,600) | ​ |  | (1,027,300) | ​
Expiration of attributes | ​ | ​ | — | ​ | ​ | 2,057,000 | ​ | ​ | — | ​
Adjustment to uncertain tax positions | ​ | ​ | 185,300 | ​ | ​ | 163,400 | ​ | ​ | 85,100 | ​
Other, net | ​ |  | (44,600) | ​ |  | (44,500) | ​ |  | 125,200 | ​
Actual income tax expense | ​ | $ | 11,358,600 | ​ | $ | 9,947,400 | ​ | $ | 8,694,100 | ​
​ Components of the provision for income taxes are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended |
​ |  | December 31, 2022 |  | December 25, 2021 |  | December 26, 2020 |
Current: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Federal | ​ | $ | 8,892,200 | ​ | $ | 8,782,000 | ​ | $ | 7,836,000 | ​
State | ​ |  | 2,167,900 | ​ |  | 2,193,900 | ​ |  | 1,795,800 | ​
Foreign | ​ |  | 586,200 | ​ |  | 333,500 | ​ |  | 286,000 | ​
Current provision | ​ |  | 11,646,300 | ​ |  | 11,309,400 | ​ |  | 9,917,800 | ​
Deferred: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Federal | ​ |  | (351,500) | ​ |  | (1,435,000) | ​ |  | (1,202,100) | ​
State | ​ |  | 63,800 | ​ |  | 73,000 | ​ |  | (21,600) | ​
Deferred provision | ​ |  | (287,700) | ​ |  | (1,362,000) | ​ |  | (1,223,700) | ​
Total provision for income taxes | ​ | $ | 11,358,600 | ​ | $ | 9,947,400 | ​ | $ | 8,694,100 | ​
​ The tax effects of temporary differences that give rise to the net deferred income tax assets and liabilities are presented below: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2022 |  | December 25, 2021 |
Deferred tax assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accounts receivable and lease reserves | ​ | $ | 1,900 | ​ | $ | 15,500 | ​
Non-qualified stock option expense | ​ |  | 1,540,100 | ​ |  | 1,405,400 | ​
Deferred revenue | ​ |  | 1,584,600 | ​ |  | 1,663,500 | ​
Trademarks | ​ |  | 34,700 | ​ |  | 32,600 | ​
Lease deposits | ​ |  | 72,700 | ​ |  | 270,500 | ​
Impairment of note investments | ​ |  | 529,500 | ​ |  | 532,000 | ​
Lease revenue and initial direct costs | ​ | ​ | 63,400 | ​ | ​ | — | ​
Foreign tax credits | ​ | ​ | 372,100 | ​ | ​ | 376,200 | ​
Valuation allowance | ​ |  | (901,600) | ​ |  | (908,200) | ​
Other | ​ |  | 271,600 | ​ |  | 276,500 | ​
Total deferred tax assets | ​ |  | 3,569,000 | ​ |  | 3,664,000 | ​
Deferred tax liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Lease revenue and initial direct costs | ​ |  | — | ​ |  | (362,200) | ​
Depreciation and amortization | ​ |  | (28,600) | ​ |  | (49,100) | ​
Total deferred tax liabilities | ​ |  | (28,600) | ​ |  | (411,300) | ​
Total net deferred tax assets | ​ | $ | 3,540,400 | ​ | $ | 3,252,700 | ​
​ The Company has assessed its taxable earnings history and prospective future taxable income. Based upon this assessment, the Company has determined that it is more likely than not that its deferred tax assets will be realized in future periods and no valuation allowance is necessary, except for the deferred tax assets related to the impairment of note investments (which is a capital loss for tax purposes) and the foreign tax credits. As a result, valuation allowances of $0.9 million and $0.9 million as of December 31, 2022 and December 25, 2021, respectively, have been recorded. ​ The amount of unrecognized tax benefits, including interest and penalties, as of December 31, 2022 and December 25, 2021, was $1,050,300 and $821,700, respectively, primarily for potential state taxes. ​ The Company recognizes interest accrued related to unrecognized tax benefits and penalties as income tax expense for all periods presented. The Company had accrued approximately $179,000 and $144,500 for the payment of interest and penalties at December 31, 2022 and December 25, 2021, respectively. ​ The following table summarizes the activity related to the Company’s unrecognized tax benefits: ​
​ | ​ | ​ | ​ | ​
​ |  | Total |
Balance at December 26, 2020 | ​ | $ | 510,100 | ​
Increases related to current year tax positions | ​ |  | 190,000 | ​
Expiration of the statute of limitations for the assessment of taxes | ​ |  | (22,900) | ​
Balance at December 25, 2021 | ​ | ​ | 677,200 | ​
Increases related to current year tax positions | ​ |  | 266,800 | ​
Subtractions for tax positions of prior years | ​ |  | (72,700) | ​
Balance at December 31, 2022 | ​ | $ | 871,300 | ​
​ The Company and its subsidiaries file income tax returns in the U.S. federal, numerous state and certain foreign jurisdictions. With few exceptions, we are no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for years before 2018. We expect various statutes of limitation to expire during the next 12 months. Due to the uncertain response of taxing authorities, a range of outcomes cannot be reasonably estimated at this time.

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 21 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 11.C) -URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 17 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 6.I.5.Q1) -URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 14 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 270 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI https://asc.fasb.org/topic&trid=2144680 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(2)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration