XML 58 R31.htm IDEA: XBRL DOCUMENT v2.4.0.8
Investments (Tables)
12 Months Ended
Mar. 29, 2014
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investments [Table Text Block]
Investments consist of the following (in thousands):
 
March 29,
2014
 
March 30,
2013
Available-for-sale investment securities
$
19,802

 
$
17,698

Non-marketable equity investments
5,652

 

 
$
25,454

 
$
17,698

Available-for-Sale Securities by Investment Category
The following tables summarize the Company’s available-for-sale investment securities, gross unrealized gains and losses and fair value, aggregated by investment category (in thousands):
 
March 29, 2014
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
U.S. Treasury and government debt securities
$
2,318

 
$
1

 
$
(46
)
 
$
2,273

Residential mortgage-backed securities
3,754

 
13

 
(149
)
 
3,618

State and political subdivision debt securities
5,923

 
155

 
(13
)
 
6,065

Corporate debt securities
1,550

 
24

 

 
1,574

Marketable equity securities
4,537

 
758

 
(73
)
 
5,222

Certificates of deposit
1,050

 

 

 
1,050

 
$
19,132

 
$
951

 
$
(281
)
 
$
19,802


 
March 30, 2013
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
U.S. Treasury and government debt securities
$
2,682

 
$
11

 
$
(6
)
 
$
2,687

Residential mortgage-backed securities
5,226

 
21

 
(108
)
 
5,139

State and political subdivision debt securities
1,681

 
32

 

 
1,713

Corporate debt securities
2,788

 
48

 

 
2,836

Marketable equity securities
4,782

 
609

 
(68
)
 
5,323

 
$
17,159

 
$
721

 
$
(182
)
 
$
17,698

Investment Securities in a Continuous Unrealized Loss Position
The following tables show the gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position (in thousands):
 
March 29, 2014
 
Less than 12 Months
 
12 Months or Longer
 
Total
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
U.S. Treasury and government debt securities
$
1,562

 
$
(40
)
 
$
344

 
$
(6
)
 
$
1,906

 
$
(46
)
Residential mortgage-backed securities
2,553

 
(149
)
 

 

 
2,553

 
(149
)
State and political subdivision debt securities
507

 
(13
)
 

 

 
507

 
(13
)
Marketable equity securities
1,101

 
(73
)
 

 

 
1,101

 
(73
)
 
$
5,723

 
$
(275
)
 
$
344

 
$
(6
)
 
$
6,067

 
$
(281
)

 
March 30, 2013
 
Less than 12 Months
 
12 Months or Longer
 
Total
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
U.S. Treasury and government debt securities
$
1,084

 
$
(6
)
 
$

 
$

 
$
1,084

 
$
(6
)
Residential mortgage-backed securities
1,460

 
(108
)
 

 

 
1,460

 
(108
)
Marketable equity securities
413

 
(13
)
 
304

 
(55
)
 
717

 
(68
)
 
$
2,957

 
$
(127
)
 
$
304

 
$
(55
)
 
$
3,261

 
$
(182
)
Contractual Maturity of Investment Securities
The amortized cost and fair value of the Company’s investments in debt securities, by contractual maturity, are shown in the table below (in thousands). Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
 
 
March 29, 2014
 
March 30, 2013
 
Amortized
Cost
 
Fair
Value
 
Amortized
Cost
 
Fair
Value
Due in less than one year
$
2,006

 
$
2,017

 
$
1,600

 
$
1,607

Due after one year through five years
2,908

 
2,949

 
4,786

 
4,880

Due after five years through ten years
924

 
872

 
924

 
893

Due after ten years
7,707

 
7,692

 
5,067

 
4,995

 
$
13,545

 
$
13,530

 
$
12,377

 
$
12,375