Marketable Securities

5 Months Ended

Feb. 11, 2017

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:

	February 11, 2017
(in thousands)	Amortized Cost Basis		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Corporate securities	$	32,296	$	52	$	(24	)	$	32,324
Government bonds		30,137		10		(173	)		29,974
Mortgage-backed securities		5,797		6		(61	)		5,742
Asset-backed securities and other		17,261		10		(53	)		17,218
	$	85,491	$	78	$	(311	)	$	85,258

	August 27, 2016
(in thousands)	Amortized Cost Basis		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Corporate securities	$	37,789	$	198	$	(6	)	$	37,981
Government bonds		33,497		24		(35	)		33,486
Mortgage-backed securities		6,865		18		(29	)		6,854
Asset-backed securities and other		20,015		26		(11	)		20,030
	$	98,166	$	266	$	(81	)	$	98,351

The debt securities held at February 11, 2017, 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 twenty-four week period ended February 11, 2017.

The Company holds 60 securities that are in an unrealized loss position of approximately $311 thousand at February 11, 2017. 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.

Included above in total marketable securities are $84.6 million of marketable securities transferred by the Company’s insurance captive to a trust account to secure its obligations to an insurance company related to future workers’ compensation and casualty losses.