Marketable Securities

6 Months Ended

Feb. 11, 2012

Marketable Securities [Abstract]

Marketable Securities

Note D – 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:

	February 11, 2012
(in thousands)	Amortized Cost Basis		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Corporate securities	$	25,756	$	261	$	(23	)	$	25,994
Government bonds		28,710		232		(4	)		28,938
Mortgage-backed securities		3,413		22		(17	)		3,418
Asset-backed securities and other		17,081		96		—			17,177
	$	74,960	$	611	$	(44	)	$	75,527

	August 27, 2011
(in thousands)	Amortized Cost Basis		Gross Unrealized Gains		Gross Unrealized 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

The debt securities held at February 11, 2012, 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 the twenty-four week period ended February 11, 2012.

The Company holds eight securities that are in an unrealized loss position of approximately $44 thousand at February 11, 2012. 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 the intent and ability to hold the investments until maturity or until recovery of fair value.