Marketable Securities

3 Months Ended

Nov. 17, 2012

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:

	November 17, 2012
(in thousands)	Amortized Cost Basis		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Corporate securities	$	26,574	$	319	$	(2	)	$	26,891
Government bonds		21,770		93		—			21,863
Mortgage-backed securities		7,136		23		(12	)		7,147
Asset-backed securities and other		25,816		135		—			25,951
	$	81,296	$	570	$	(14	)	$	81,852

	August 25, 2012
(in thousands)	Amortized Cost Basis		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Corporate securities	$	26,215	$	307	$	—		$	26,522
Government bonds		20,790		117		(1	)		20,906
Mortgage-backed securities		4,369		17		(19	)		4,367
Asset-backed securities and other		24,299		120		—			24,419
	$	75,673	$	561	$	(20	)	$	76,214

The debt securities held at November 17, 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 twelve week period ended November 17, 2012.

The Company holds nine securities that are in an unrealized loss position of approximately $14 thousand at November 17, 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.