Note 5 - Marketable Securities

12 Months Ended

Mar. 31, 2013

Marketable Securities [Table Text Block]

NOTE E - MARKETABLE SECURITIES

The cost, gross unrealized gains, gross unrealized losses and fair market value for marketable securities, which consist entirely of municipal bonds that are classified as available-for-sale securities are as follows:

	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Market Value
March 31, 2013	$	11,768	$	539	$	-	$	12,307
March 25, 2012	$	13,897	$	814	$	1	$	14,710

As of March 31, 2013, the municipal bonds mature at various dates between April 2013 and October 2019.The following represents the bond maturities by period:

Fair value of Municipal Bonds	Total		Less than 1 Year		1 – 5 Years		5 – 10 Years		After 10 Years
March 31, 2013	$	12,307	$	2,927	$	8,146	$	1,234	$	-

Proceeds from the sale of available-for-sale securities and the resulting gross realized gains included in the determination of net income are as follows:

	March 31, 2013		March 25, 2012		March 27, 2011
Available-for-sale securities:
Proceeds	$	2,000	$	4,050	$	4,906
Gross realized gains	$	-	$	-	$	4

The change in net unrealized gains (losses) on available-for-sale securities for the fiscal years ended March 31, 2013, March 25, 2012 and March 27, 2011, of ($168), $16 and $(135), respectively, which is net of deferred income taxes, has been included as a component of comprehensive income. Accumulated other comprehensive income is comprised entirely of the net unrealized gains on available-for-sale securities as of March 31, 2013 and March 25, 2012.