Available-For-Sale Securities Classified As Current Assets

3 Months Ended

Sep. 01, 2012

Available-For-Sale Securities Classified As Current Asset [Abstract]

Available-For-Sale Securities Classified As Current Asset

9.Available-for-Sale Securities Classified as Current Assets

	September 1, 2012
		Gains in	Losses in
		Accumulated	Accumulated	Estimated
	Amortized	Other	Other	Fair
	Cost	Comprehensive	Comprehensive	Value
		Income	Income
State municipal bonds	$ 111,708	$ 206	$  -	$ 111,914
US government obligations	24,513	68	-	24,581
Corporate bonds	15,150	-	24	15,126
Certificates of deposit	12,840	-	80	12,760
Government agency bonds	14,381	-	104	14,277
Total available-for-sale securities	$ 178,592	$ 274	$ 208	$ 178,658

	June 2, 2012
		Gains in	Losses in
		Accumulated	Accumulated	Estimated
	Amortized	Other	Other	Fair
	Cost	Comprehensive	Comprehensive	Value
		Income	Income
State municipal bonds	$            105,029	$                       -	$                   163	$            104,866
US government obligations	20,681	102	-	20,783
Corporate bonds	16,405	-	161	16,244
Certificates of deposit	11,591	-	77	11,514
Government agency bonds	10,291	-	75	10,216
Total available-for-sale securities	$            163,997	$                   102	$                   476	$            163,623

Proceeds from the sales of available-for-sale securities were $36,341 and $39,327 during the thirteen week periods ending September 1, 2012 and August 27, 2011, respectively. Gross realized gains on those sales during the thirteen week periods ending September 1, 2012 and August 27, 2011were $1 and $9, respectively. Gross realized losses on those sales during the thirteen week periods ending September 1, 2012 and August 27, 2011 were $222 and $179, respectively. For purposes of determining gross realized gains and losses, the cost of securities sold is based on average cost. Unrealized holding gains net of tax on available-for-sale securities in the amount of $262and $489 for the thirteen week periods ending September 1, 2012 and August 27, 2011, respectively, have been included in accumulated other comprehensive income.

Contractual maturities of available-for-sale debt securities at September 1, 2012, are as follows:

	Estimated Fair Value
Within one year	$                  137,972
After 1-5 years	$ 40,686
After 5-10 years	-
	$                  178,658

Actual maturities may differ from contractual maturities because some borrowers have the right to call or prepay obligations with or without call or prepayment penalties.