Accumulated Other Comprehensive Income

6 Months Ended

Jun. 25, 2016

Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income

(4)  Accumulated Other Comprehensive Income

All balances in accumulated other comprehensive income are related to available-for-sale marketable securities.  The following table sets forth the balance of the Company’s accumulated other comprehensive income, net of tax. 

		Unrealized Gains
		on Available-for-Sale
(dollars in thousands)		Marketable Securities
Accumulated other comprehensive income balance as of December 26, 2015	$	4,761
Other comprehensive income before reclassifications		1,322
Amounts reclassified from accumulated other comprehensive income		(158)
Net current period other comprehensive income		1,164
Accumulated other comprehensive income balance as of June 25, 2016	$	5,925

The following table sets forth the effects on net income of the amounts reclassified out of accumulated other comprehensive income for the periods ended June 25, 2016 and June 27, 2015.

		Gains Reclassified from
		Accumulated Other Comprehensive Income to the
		Consolidated Statements of Income
		13 Weeks Ended				26 Weeks Ended
(dollars in thousands)	Location		June 25, 2016		June 27, 2015		June 25, 2016		June 27, 2015
Unrealized gains on available-for-sale marketable securities
	Investment income	$	-	$	9	$	269	$	15
	Provision for income taxes		-		(4)		(111)		(7)
Total amount reclassified, net of tax		$	-	$	5	$	158	$	8