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Investments
 9 Months Ended
Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]  
Investments Investments
Investments consisted of the following (in thousands):
December 31,
2022		April 2,
2022
Available-for-sale debt securities$19,036 $17,760 
Marketable equity securities
14,103 16,780 
Non-marketable equity investments
5,290 20,479 
38,429 55,019 
Less short-term investments(16,607)(20,086)
$21,822 $34,933 
Investments in marketable equity securities consist of investments in the common stock of industrial and other companies.
Our non-marketable equity investments include investments in community-based initiatives that buy and sell our homes and provide home-only financing to residents of certain manufactured home communities and other investments in manufactured housing distributors.
The amortized cost and fair value of our investments in available-for-sale debt securities, by security type are shown in the table below (in thousands):
December 31, 2022April 2, 2022
Amortized
Cost		Fair
Value		Amortized CostFair
Value
Residential mortgage-backed securities
$2,670 $2,572 $1,668 $1,613 
State and political subdivision debt securities
6,542 6,228 10,100 9,906 
Corporate debt securities
10,765 10,236 6,502 6,241 
$19,977 $19,036 $18,270 $17,760 
The amortized cost and fair value of our investments in available-for-sale debt securities, by contractual maturity, are shown in the table below (in thousands). Actual maturities may differ from contractual maturities as borrowers may have the right to call or prepay obligations, with or without penalties.
December 31, 2022
Amortized
Cost		Fair
Value
Due in less than one year$1,740 $1,715 
Due after one year through five years14,172 13,355 
Due after five years through ten years1,003 1,004 
Due after ten years392 390 
Mortgage-backed securities2,670 2,572 
$19,977 $19,036 
Net investment gains and losses on marketable equity securities were as follows (in thousands):
Three Months EndedNine Months Ended
December 31,
2022		January 1,
2022		December 31,
2022		January 1,
2022
Marketable equity securities
Net gain (loss) recognized during the period$707 $2,967 $(1,868)$4,906 
Less: Net (gain) loss recognized on securities sold during the period(107)(257)183 (536)
Unrealized gain (loss) recognized during the period on securities still held$600 $2,710 $(1,685)$4,370