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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jul. 01, 2017
Jun. 25, 2016
OPERATING ACTIVITIES:    
Net Income $ 11,189,600 $ 9,957,200
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 188,700 217,300
Provision for credit losses (12,900) (22,300)
Compensation expense related to stock options 966,600 882,200
Deferred income taxes 140,300  
Loss on sale of marketable securities   12,600
Deferred initial direct costs (250,000) (326,100)
Amortization of deferred initial direct costs 238,300 234,200
Tax benefits on exercised stock options 518,000 9,700
Change in operating assets and liabilities:    
Receivables (118,000) 28,100
Restricted cash 10,000  
Income tax receivable/payable (175,700) 2,508,600
Inventories (11,900) (36,000)
Prepaid expenses 581,900 (112,600)
Accounts payable (282,500) (653,200)
Accrued and other liabilities 661,400 406,000
Rents received in advance and security deposits 6,600 202,800
Deferred revenue (254,300) (142,600)
Net cash provided by operating activities 13,396,100 13,165,900
INVESTING ACTIVITIES:    
Proceeds from sale of marketable securities   52,200
Purchase of property and equipment (44,200) (31,500)
Purchase of equipment for lease contracts (13,532,300) (10,585,600)
Principal collections on lease receivables 13,982,500 12,474,600
Net cash provided by (used for) investing activities 406,000 1,909,700
FINANCING ACTIVITIES:    
Proceeds from borrowings on line of credit 6,800,000 6,500,000
Payments on line of credit (20,100,000) (18,400,000)
Payments on notes payable (1,000,000) (1,000,000)
Repurchases of common stock   (1,573,900)
Proceeds from exercises of stock options 1,197,000 150,200
Dividends paid (880,100) (699,800)
Net cash used for financing activities (13,983,100) (15,023,500)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (181,000) 52,100
Cash and cash equivalents, beginning of period 1,252,900 1,006,700
Cash and cash equivalents, end of period 1,071,900 1,058,800
SUPPLEMENTAL DISCLOSURES:    
Cash paid for interest 980,300 939,800
Cash paid for income taxes $ 5,654,000 $ 3,650,700