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Investments
 9 Months Ended
Dec. 30, 2023
Investments, Debt and Equity Securities [Abstract]  
Investments Investments
Investments consisted of the following (in thousands):
December 30,
2023		April 1,
2023
Available-for-sale debt securities$19,207 $18,555 
Marketable equity securities
8,788 9,989 
Non-marketable equity investments
4,923 5,073 
32,918 33,617 
Less short-term investments(16,819)(14,978)
$16,099 $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.
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 30, 2023April 1, 2023
Amortized
Cost		Fair
Value		Amortized CostFair
Value
Residential mortgage-backed securities
$1,888 $1,836 $2,567 $2,488 
State and political subdivision debt securities
5,652 5,515 6,023 5,769 
Corporate debt securities
12,124 11,856 10,745 10,298 
$19,664 $19,207 $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.
December 30, 2023
Amortized
Cost		Fair
Value
Due in less than one year$7,585 $7,453 
Due after one year through five years9,804 9,532 
Due after five years through ten years— — 
Due after ten years387 386 
Mortgage-backed securities1,888 1,836 
$19,664 $19,207 
Net investment gains and losses on marketable equity securities were as follows (in thousands):
Three Months EndedNine Months Ended
December 30,
2023		December 31,
2022		December 30,
2023		December 31,
2022
Marketable equity securities
Net gain (loss) recognized during the period$776 $707 $1,051 $(1,868)
Less: Net (gain) loss recognized on securities sold during the period(235)(107)(365)183 
Unrealized gain (loss) recognized during the period on securities still held$541 $600 $686 $(1,685)