Accumulated Other Comprehensive Income

6 Months Ended

Jul. 01, 2017

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 31, 2016	$	4,852
Other comprehensive loss before reclassifications		(134)
Amounts reclassified from accumulated other comprehensive income		-
Net current period other comprehensive loss		(134)
Accumulated other comprehensive income balance as of July 1, 2017	$	4,718

The following table sets forth the effects on net income of the amounts reclassified out of accumulated other comprehensive income for the periods ended July 1, 2017 and June  25, 2016.

		Gains Reclassified from
		Accumulated Other Comprehensive Income to the
		Consolidated Statements of Income
		13 Weeks Ended				26 Weeks Ended
(dollars in thousands)	Location	July 1, 2017		June 25, 2016		July 1, 2017		June 25, 2016
Unrealized gains on available-for-sale marketable securities
	Investment income	$	-	$	-	$	-	$	269
	Provision for income taxes		-		-		-		(111)
Total amount reclassified, net of tax		$	-	$	-	$	-	$	158