Available-For-Sale Securities Classified As Current Assets

3 Months Ended

Aug. 27, 2011

Available-For-Sale Securities Classified As Current Assets

Available-For-Sale Securities Classified As Current Assets

8.   Available-for-Sale Securities Classified as Current Assets

	August 27, 2011
	Amortized Cost	Gains in Accumulated Other Comprehensive Income	Losses in Accumulated Other Comprehensive Income	Estimated Fair Value
Municipal bonds	$                  46,093	$                     746	$                        —	$                     46,839
US government obligations	16,340	176	—	16,516
Corporate bonds	13,925	—	450	13,475
Certificates of deposit	10,476	—	133	10,343
Government agency bonds	7,575	—	62	7,513
Total available-for-sale securities	$                  94,409	$                     922	$                       645	$                     94,686

	May 28, 2011
	Amortized Cost	Gains in Accumulated Other Comprehensive Income	Losses in Accumulated Other Comprehensive Income	Estimated Fair Value
Municipal bonds	$            70,932	$                    —	$                   404	$            70,528
US government obligations	15,279	—	72	15,207
Corporate bonds	13,367	20	—	13,387
Certificates of deposit	10,156	68	—	10,224
Government agency bonds	9,036	—	132	8,904
US treasury bills	500	—	—	500
Total available-for-sale securities	$           119,270	$                     88	$                   608	$           118,750

Proceeds from the sales of available-for-sale securities were $39,327 and $28,352 during the thirteen week periods ending August 27, 2011 and August 28, 2010, respectively. Gross realized gains on those sales during the thirteen week period ending August 27, 2011 were $9.  There were no gross realized gains during the thirteen week period ending August 28, 2010.  Gross realized losses on those sales during the thirteen week periods ending August 27, 2011 and August 28, 2010 were $179 and $34, respectively. For purposes of determining gross realized gains and losses, the cost of securities sold is based on average cost. Unrealized holding gains net of tax on available-for-sale securities in the amount of $489 and $159 for the thirteen week periods ending August 27, 2011 and August 28, 2010, respectively, have been included in accumulated other comprehensive income

Contractual maturities of available-for-sale debt securities at August 27, 2011, are as follows:

	Estimated Fair Value
Within one year	$                       63,417
After 1-5 years	31,269
	$                       94,686

            Actual maturities may differ from contractual maturities because some borrowers have the right to call or prepay obligations with or without call or prepayment penalties.