Investments

6 Months Ended

Jul. 03, 2011

Investments

Investments

Note 3: Investments

Investments in marketable equity securities at July 3, 2011 and January 2, 2011 consist of the following (in thousands):

	July 3, 2011		January 2, 2011
Total cost	$	192,368	$	223,064
Net unrealized gains		133,437		117,846
Total fair value	$	325,805	$	340,910

There were no new investments or sales of marketable equity securities in the first six months of 2011 and 2010.

At the end of the first quarter of 2011, the Company's investment in Corinthian Colleges, Inc. had been in an unrealized loss position for over six months. The Company evaluated this investment for other-than-temporary impairment based on various factors, including the duration and severity of the unrealized loss, the reason for the decline in value and the potential recovery period, and the Company's ability and intent to hold the investment. In the first quarter of 2011, the Company concluded the loss was other-than-temporary and recorded a $30.7 million write-down on the investment. The Company's investment in Corinthian Colleges, Inc. accounted for $33.5 million of the total fair value of the Company's investments in marketable equity securities at July 3, 2011.