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Note 2 - Marketable Securities
12 Months Ended
Mar. 02, 2014
Investments, Debt and Equity Securities [Abstract]  
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

2.

MArketable Securities


The following is a summary of available-for-sale securities:


   

March 2, 2014

 
   

Total

   

Level 1

   

Level 2

   

Level 3

 

U.S. Treasury and other government securities

  $ 112,793     $ 112,793     $ -     $ -  

U.S. corporate debt securities

    24,413       17,329       7,084     $ -  

Total marketable securities

  $ 137,206     $ 130,122     $ 7,084     $ -  

   

March 3, 2013

 
   

Total

   

Level 1

   

Level 2

   

Level 3

 
                                 

U.S. Treasury and other government securities

  $ 58,299     $ 58,299     $ -     $ -  

U.S. corporate debt securities

    30,800       20,859       9,941     $ -  

Total marketable securities

  $ 89,099     $ 79,158     $ 9,941     $ -  

At March 2, 2014 and March 3, 2013, the Company’s level 2 investments consisted of commercial paper which was not traded on a regular basis or in an active market, and the Company was unable to obtain pricing information on an on-going basis. Therefore, these investments were measured using quoted market prices for similar assets currently trading in an active market or using model-derived valuations in which all significant inputs were observable for substantially the full term of the asset.


The following tables show the amortized cost basis, gross unrealized gains and losses and gross realized gains and losses on the Company’s available-for-sale securities:


   

Amortized Cost Basis

   

Gross Unrealized Gains

   

Gross Unrealized Losses

 

March 2, 2014:

                       

U.S. Treasury and other government securities

  $ 112,593     $ 200     $ -  

U.S. corporate debt securities

    24,401       13       1  

Total marketable securities

  $ 136,994     $ 213     $ 1  
                         

March 3, 2013:

                       

U.S. Treasury and other government securities

  $ 48,293     $ 47     $ 48  

U.S. corporate debt securities

    40,859       11       63  

Total marketable securities

  $ 89,152     $ 58     $ 111  

   

Fiscal Year

 
   

2014

   

2013

   

2012

 
                         

Gross realized gains on sale

  $ 26     $ 9     $ 43  

Gross realized losses on sale

    209       35       65  

The estimated fair values of such securities at March 2, 2014, by contractual maturity, are shown below:


Due in one year or less

  $ 73,301  

Due after one year through five years

    63,905  
    $ 137,206