Marketable Securities

3 Months Ended

Nov. 23, 2013

Investments Debt And Equity 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:

	November 23, 2013
(in thousands)	Amortized Cost Basis		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Corporate securities	$	26,546	$	240	$	(6	)	$	26,780
Government bonds		22,386		35		(2	)		22,419
Mortgage-backed securities		6,767		32		(78	)		6,721
Asset-backed securities and other		26,767		74		—			26,841
	$	82,466	$	381	$	(86	)	$	82,761

	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

The debt securities held at November 23, 2013, had effective maturities ranging from less than one year to approximately three years. The Company did not realize any material gains or losses on its marketable securities during the twelve week period ended November 23, 2013.

The Company holds six securities that are in an unrealized loss position of approximately $86 thousand at November 23, 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 the intent and ability to hold the investments until maturity or until recovery of fair value.

Subsequent to November 23, 2013, the Company transferred $28 million of its marketable securities to a trust account to be used as collateral by an insurance carrier for future workers compensation related expenditures.