Marketable Securities

12 Months Ended

Aug. 27, 2011

Marketable Securities [Abstract]

Marketable Securities

Note F — Marketable Securities

The Company’s basis for determining the cost of a security sold is the “Specific Identification Model”. Unrealized gains (losses) on marketable securities are recorded in Accumulated other comprehensive loss. The Company’s available-for-sale marketable securities consisted of the following:

	August 27, 2011
	Amortized		Gross		Gross
	Cost		Unrealized		Unrealized
(in thousands)	Basis		Gains		Losses			Fair Value
Corporate securities	$	26,261	$	229	$	(45	)	$	26,445
Government bonds		29,464		343		—			29,807
Mortgage-backed securities		4,291		55		—			4,346
Asset-backed securities and other		12,377		156		—			12,533
	$	72,393	$	783	$	(45	)	$	73,131

	August 28, 2010
	Amortized		Gross		Gross
	Cost		Unrealized		Unrealized
(in thousands)	Basis		Gains		Losses			Fair Value
Corporate securities	$	28,707	$	490	$	(1	)	$	29,196
Government bonds		24,560		283		—			24,843
Mortgage-backed securities		8,603		192		—			8,795
Asset-backed securities and other		9,831		47		(11	)		9,867
	$	71,701	$	1,012	$	(12	)	$	72,701

The debt securities held at August 27, 2011, had effective maturities ranging from less than one year to approximately 3 years. The Company did not realize any material gains or losses on its marketable securities during fiscal 2011.

The Company holds ten securities that are in an unrealized loss position of approximately $45 thousand at August 27, 2011. The Company has the intent and ability to hold these investments until recovery of fair value or maturity, and does not deem the investments to be impaired on an other than temporary basis. In evaluating whether the securities are deemed to be impaired on an other than temporary basis, the Company considers factors such as the duration and severity of the loss position, the credit worthiness of the investee, the term to maturity and our intent and ability to hold the investments until maturity or until recovery of fair value.