NOTE 4—SECURITIES

Securities are categorized as available-for-sale and are summarized as follows as of December 29, 2013:


	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Market Value
	(In millions)
Short-term available for sale securities:
U.S. Treasury securities and obligations of U.S. government agencies	$	0.1	$	—	$	—	$	0.1
Corporate debt securities		—		—		—		—

Total marketable securities	$	0.1	$	—	$	—	$	0.1


	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Market Value
	(In millions)
Long-term available for sale securities:
U.S. Treasury securities and obligations of U.S. government agencies	$	2.0	$	0.1	$	—	$	2.1
Corporate debt securities		0.1		—		—	$	0.1

Total securities	$	2.1	$	0.1	$	—	$	2.2

Securities are categorized as available-for-sale and are summarized as follows as of December 30, 2012:


	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Market Value
	(In millions)
Short-term available for sale securities:
U.S. Treasury securities and obligations of U.S. government agencies	$	0.1	$	—	$	—	$	0.1
Corporate debt securities		—		—		—		—

Total marketable securities	$	0.1	$	—	$	—	$	0.1


	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Market Value
	(In millions)
Long-term available for sale securities:
U.S. Treasury securities and obligations of U.S. government agencies	$	2.1	$	0.3	$	—	$	2.4
Corporate debt securities		0.2		—		—	$	0.2

Total securities	$	2.3	$	0.3	$	—	$	2.6

The following table presents the amortized cost and estimated fair market value of available-for-sale securities by contractual maturity as of December 29, 2013.


	Amortized Cost		Market Value
	(In millions)
Due in one year or less	$	0.1	$	0.1
Due after one year through three years		0.3		0.4
Due after three years through ten years		1.1		1.2
Due after ten years		0.6		0.6

	$	2.1	$	2.3

In the fourth quarter of 2008, the company concluded that the impairment of its auction rate securities was other-than-temporary and recognized a loss of $19.0 million in the income statement. In the second quarter of 2009, based on the requirements of the Investments—Debt and Equity Securities Topic of the FASB ASC, the company analyzed the $19.0 million other-than-temporary loss that was recognized in the income statement to determine the noncredit component. It was determined that $15.5 million of the loss was attributable to credit loss. As a result, in the second quarter of 2009, a cumulative adjustment of the remaining $3.5 million, which was attributable to changes in interest rates, was reclassified from retained earnings to AOCI. The auction rate securities were sold in the fourth quarter of 2012.