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Marketable Debt Securities
 3 Months Ended
Nov. 23, 2019
Investments, Debt and Equity Securities [Abstract]  
Marketable Debt Securities
Note D – Marketable Debt Securities
The Company’s basis for determining the cost of a security sold is the “Specific Identification Model.” Unrealized gains (losses) on marketable debt securities are recorded in Accumulated other comprehensive loss.
 
The Company’s
available-for-sale
marketable debt securities consisted of the following:
 
 
November 23, 2019
 
 
  (in thousands)
 
Amortized

Cost
Basis
 
 
Gross

    
Unrealized
    

Gains
 
 
Gross

    
Unrealized
    

Losses
 
    
Fair
 
Value
    
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate debt securities
 
 
$
 35,093
 
 
 
 
 
 
 
 
 
 
 
 
$
 34
 
 
 
 
 
 
 
 
 
 
 
 
$
(6
)
 
 
 
 
 
 
 
 
 
 
$
  35,121
 
 
 
 
 
 
 
 
 
 
 
 
Government bonds
 
 
 
60,901
 
 
 
 
 
515
 
 
 
 
 
(18
)
 
 
 
61,398
 
 
 
 
Mortgage-backed securities
 
 
 
1,787
 
 
 
 
 
1
 
 
 
 
 
(14
)
 
 
 
1,774
 
 
 
 
Asset-backed securities and other
 
 
 
30,076
 
 
 
 
 
4
 
 
 
 
 
(2
)
 
 
 
30,078
 
 
   
 
    
 
    
 
    
 
    
 
        
 
    
 
  
 
 
$
 
 
 
 
 
 
 
127,857
 
 
 
 
$
 
 
 
 
 
 
 
 554
 
 
 
 
$
 
 
 
 
 
 
 
 
 
 
(40
)
 
 
$
128,371
 
 
   
 
    
 
    
 
    
 
    
 
        
 
    
 
  
  
 
August 31, 2019
 
  
  (in thousands)
  
    
Amortized
    

Cost
Basis
 
  
Gross

    
Unrealized
    

Gains
 
  
Gross

    
Unrealized
    

Losses
 
    
Fair
 
Value
    
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate debt securities
 
 
$
36,998
 
 
 
 
 
 
 
 
 
 
 
 
$
29
 
 
 
 
 
 
 
 
 
 
 
 
$
 
 
 
(19
)
 
 
 
 
 
 
 
 
 
 
$
37,008
 
 
 
 
 
 
 
 
 
 
 
 
Government bonds
 
 
 
45,741
 
 
 
 
 
763
 
 
 
 
 
–
 
 
 
 
46,504
 
  
 
 
Mortgage-backed securities
 
 
 
2,089
 
 
 
 
 
2
 
 
 
 
 
(15
)
 
 
 
2,076
 
 
 
 
Asset-backed securities and other
 
 
 
53,345
 
 
 
 
 
–​​​​​​​
 
 
 
 
 
(7
)
 
 
 
53,338
 
 
   
 
    
 
    
 
    
 
    
 
        
 
    
 
  
 
 
$
 
 
138,173
 
 
 
 
$
794
 
 
 
 
$
(41
 )
 
 
 
$
138,926
 
 
   
 
    
 
    
 
    
 
    
 
        
 
    
 
  
The debt securities held at November 23, 2019, had effective maturities ranging from
less than one year to approximately three years
. The Company did not realize an
y
 material gains or losses on its marketable debt securities during the twelve week period ended November 23, 2019.
The Company holds 41 securities that are in an unrealized loss position of approximately $40
thousand
at November 23, 2019. 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
 
available
-
for
-
sale 
marketable debt securities are $29.2 million of marketable debt 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.