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Investments
9 Months Ended
May 08, 2011
Investments  
Investments

Note 2—Investments

The Company's major categories of investments have not changed from the annual reporting period ended August 29, 2010, with the exception of a new category Federal Deposit Insurance Corporation (FDIC) insured deposits.

 

FDIC-insured deposits:

The Company has funds on deposit with financial institutions that are guaranteed by the full faith and credit of the U.S. government under the FDIC provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act. These deposits are classified as held-to-maturity and are due in less than one year similar to the Company's other held-to-maturity investments.

The Company's investments at May 8, 2011 and August 29, 2010, were as follows:

 

May 8, 2011:

   Cost
Basis
     Unrealized
Gains
     Unrealized
Losses
     Recorded
Basis
 

Available-for-sale:

           

U.S. government and agency securities

   $ 1,157       $ 7       $ 0       $ 1,164   

Corporate notes and bonds

     8         1         0         9   

FDIC-insured corporate bonds

     210         1         0         211   

Asset and mortgage-backed securities

     14         0         0         14   
                                   

Total available-for-sale

     1,389         9         0         1,398   
           

Certificates of deposit

     235               235   

FDIC-insured deposits

     500               500   
                       

Total held-to-maturity

     735               735   
                                   

Total investments

   $ 2,124       $ 9       $ 0       $ 2,133   
                                   

 

August 29, 2010:

   Cost
Basis
     Unrealized
Gains
     Unrealized
Losses
     Recorded
Basis
 

Available-for-sale:

           

U.S. government and agency securities

   $ 1,222       $ 7       $ 0       $ 1,229   

Corporate notes and bonds

     10         1         0         11   

FDIC-insured corporate bonds

     139         0         0         139   

Asset and mortgage-backed securities

     23         0         0         23   
                                   

Total available-for-sale

     1,394         8         0         1,402   

Held-to-maturity:

           

Certificates of deposit

     133               133   
                                   

Total investments

   $ 1,527       $ 8       $ 0       $ 1,535   
                                   

The proceeds and gross realized gains and losses from sales of available-for-sale securities during the third quarter and the first thirty-six weeks of 2011 and 2010 were as follows:

 

     12 Weeks Ended      36 Weeks Ended  
      May 8,
2011
     May 9,
2010
     May 8,
2011
     May 9,
2010
 

Proceeds

   $ 51       $ 24       $ 465       $ 69   

Realized gains

     0         1         0         4   

Realized losses

     0         0         0         (1

As of May 8, 2011 and August 29, 2010, the Company's available-for-sale securities that were in continuous unrealized loss position were insignificant.

 

The maturities of available-for-sale and held-to-maturity securities at May 8, 2011, were as follows:

 

     Available-For-Sale      Held-To-Maturity  
      Cost Basis      Fair Value      Cost Basis      Fair Value  

Due in one year or less

   $ 883       $ 885       $ 735       $ 735   

Due after one year through five years

     499         506         0         0   

Due after five years

     7         7         0         0   
                                   
   $ 1,389       $ 1,398       $ 735       $ 735