Accumulated Other Comprehensive Income

12 Months Ended

Dec. 26, 2020

Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income

Note 8    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 29, 2018	$	262
Other comprehensive loss before reclassifications		1,255
Amounts reclassified from accumulated other comprehensive income		(37)
Net current period other comprehensive Income		1,218
Accumulated other comprehensive income balance as of December 28, 2019	$	1,480
Other comprehensive income before reclassifications		1,806
Amounts reclassified from accumulated other comprehensive income		-
Net current period change in other comprehensive income		1,806
Accumulated other comprehensive income balance as of December 26, 2020	$	3,286

The following table sets forth the effects on net income of the amounts reclassified out of accumulated other comprehensive income for the periods ended December 26, 2020, December 28, 2019 and December 29, 2018.

		Amounts Reclassified from
		Accumulated Other Comprehensive Income to the
		Consolidated Statements of Income
(dollars in thousands)	Location	2020		2019		2018
Unrealized gains (losses) on available-for-sale marketable securities
	Investment income (loss) and interest expense	$	-	$	(51)	$	(54)
	Provision for income taxes		-		14		14
Total amount reclassified, net of tax		$	-	$	(37)	$	(40)