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Marketable Securities
 12 Months Ended
Aug. 31, 2013
Investments Debt And Equity 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 31, 2013  

(in thousands)

    Amortized
Cost
Basis		      Gross
Unrealized
Gains		      Gross
Unrealized
Losses		     Fair Value  

Corporate securities

    $ 27,803       $ 148       $ (67 )    $ 27,884   

Government bonds

      21,372         18         (67 )      21,323   

Mortgage-backed securities

      7,198         24         (138 )      7,084   

Asset-backed securities and other

      25,825         50         (5 )      25,870   
  

 

 

     

 

 

     

 

 

    

 

 

  
   $ 82,198       $ 240       $ (277 )    $ 82,161   
  

 

 

     

 

 

     

 

 

    

 

 

  

 

     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 August 31, 2013, 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 sale of marketable securities during fiscal 2013, fiscal 2012, or fiscal 2011.

 

The Company holds 45 securities that are in an unrealized loss position of approximately $277 thousand at August 31, 2013. 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 its intent and ability to hold the investments until maturity or until recovery of fair value.