|
Note 2 – Investments
As of December 29, 2012, the Company held the following securities and investments, recorded at fair value (in
thousands):
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Amortized
Cost
|
|
|
Unrealized |
|
|
Fair Value |
|
| |
|
|
Gains |
|
|
Losses |
|
|
|
Mutual funds
(1)
|
|
$ |
110 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
110 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2011, the Company held the following securities and investments, recorded at fair value (in
thousands):
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Amortized
Cost
|
|
|
Unrealized |
|
|
Fair Value |
|
| |
|
|
Gains |
|
|
Losses |
|
|
|
Mutual funds
(1)
|
|
$ |
1,011 |
|
|
$ |
114 |
|
|
$ |
— |
|
|
$ |
1,125 |
|
|
Auction rate preferred securities in municipal and state agencies
(2)
|
|
|
2,125 |
|
|
|
— |
|
|
|
(21 |
) |
|
|
2,104 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
3,136 |
|
|
$ |
114 |
|
|
$ |
(21 |
) |
|
$ |
3,229 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1)
|
Mutual funds are
classified as short-term investments available-for-sale and recorded at fair market value, based on quoted prices of identical assets that are trading in active markets as of the end of the period for which the values are determined.
|
|
(2)
|
Auction rate
preferred securities in municipal and state agencies with maturities of 15 to 30 years were classified as investments available-for-sale and recorded at fair value. During the second quarter of 2012, the remaining securities balance at
December 31, 2011 was fully redeemed. As of December 31, 2011, these securities were held in two tax-exempt municipal bonds managed under closed-end funds and were classified as long-term investments. Refer to additional information in
Note 3 under the caption “Financial Assets Valued on a Recurring Basis”.
|
Proceeds from the sale of available-for-sale securities are disclosed separately in the accompanying consolidated
statements of cash flow. For fiscal year 2012, the Company recognized a gross realized loss of $4,000. For fiscal year 2011, the Company recognized a gross realized loss of $3,000. For fiscal year 2010, the Company recognized gross realized gains
and losses of $27,000 and $8,000, respectively.
|