
	September 30, 2023		April 1, 2023
Available-for-sale debt securities	$	19,821	$	18,555
Marketable equity securities	10,121		9,989
Non-marketable equity investments	4,923		5,073
	34,865		33,617
Less short-term investments	(14,358)		(14,978)
	$	20,507	$	18,639

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 other retail distribution operations and community-based initiatives.

We record investments in fixed maturity securities classified as available-for-sale at fair value and record the difference between fair value and cost in Accumulated other comprehensive loss in the Consolidated Balance Sheets.

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):


	September 30, 2023				April 1, 2023
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Residential mortgage-backed securities	$	2,254	$	2,168	$	2,567	$	2,488
State and political subdivision debt securities	5,911		5,687		6,023		5,769
Corporate debt securities	12,419		11,966		10,745		10,298
	$	20,584	$	19,821	$	19,335	$	18,555

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). Expected maturities differ from contractual maturities as borrowers may have the right to call or prepay obligations, with or without penalties.


	September 30, 2023
	Amortized Cost		Fair Value
Due in less than one year	$	3,422	$	3,365
Due after one year through five years	14,269		13,651
Due after five years through ten years	250		250
Due after ten years	389		387
Mortgage-backed securities	2,254		2,168
	$	20,584	$	19,821

Net investment gains and losses on marketable equity securities were as follows (in thousands):


	Three Months Ended				Six Months Ended
	September 30, 2023		October 1, 2022		September 30, 2023		October 1, 2022
Marketable equity securities
Net (loss) gain recognized during the period	$	(185)	$	(233)	$	275	$	(2,575)
Less: Net (gain) loss recognized on securities sold during the period	(110)		216		(130)		290
Unrealized (loss) gain recognized during the period on securities still held	$	(295)	$	(17)	$	145	$	(2,285)