XML 48 R35.htm IDEA: XBRL DOCUMENT v3.22.1
Investments (Tables)
 12 Months Ended
Apr. 02, 2022
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investments
Investments consisted of the following (in thousands):
April 2,
2022		April 3,
2021
Available-for-sale debt securities
$17,760 $14,946 
Marketable equity securities
16,780 17,600 
Non-marketable equity investments
20,479 21,960 
55,019 54,506 
Less short-term investments(20,086)(19,496)
$34,933 $35,010 
Available-for-sale debt securities by investment category The amortized cost and fair value of our investments in available-for-sale debt securities, by security type are shown in the table below (in thousands):
 April 2, 2022
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
Residential mortgage-backed securities
$1,668 $2 $(57)$1,613 
State and political subdivision debt securities
10,100 38 (232)9,906 
Corporate debt securities
6,502 1 (262)6,241 
$18,270 $41 $(551)$17,760 

 April 3, 2021
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
Residential mortgage-backed securities
$2,787 $30 $(13)$2,804 
State and political subdivision debt securities
7,239 125 (19)7,345 
Corporate debt securities
4,797 11 (11)4,797 
$14,823 $166 $(43)$14,946 
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value
The following tables show gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities had been in a continuous unrealized loss position (in thousands):
April 2, 2022
 Less than 12 Months12 Months or LongerTotal
Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses
Residential mortgage-backed securities
$1,048 $(45)$289 $(12)$1,337 $(57)
State and political subdivision debt securities
3,884 (164)1,246 (68)5,130 (232)
Corporate debt securities5,215 (231)598 (31)5,813 (262)
$10,147 $(440)$2,133 $(111)$12,280 $(551)

April 3, 2021
 Less than 12 Months12 Months or LongerTotal
Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses
Residential mortgage-backed securities
$927 $(6)$450 $(7)$1,377 $(13)
State and political subdivision debt securities
3,013 (19)— — 3,013 (19)
Corporate debt securities2,153 (10)249 (1)2,402 (11)
$6,093 $(35)$699 $(8)$6,792 $(43)
Contractual Maturity of Investment Securities
The amortized cost and fair value of our investments in available-for-sale debt securities, by contractual maturity, are shown in the table below (in thousands). Expected maturities differ from contractual maturities as borrowers may have the right to call or prepay obligations, with or without penalties.
 April 2, 2022
Amortized
Cost		Fair
Value
Due in less than one year
$3,300 $3,302 
Due after one year through five years
11,394 10,901 
Due after five years through ten years
1,261 1,281 
Due after ten years
647 663 
Mortgage-backed securities
1,668 1,613 
$18,270 $17,760 
Gain (Loss) on Securities Net investment gains and losses on marketable equity securities for fiscal years 2022, 2021 and 2020 were as follows (in thousands):
Year Ended
April 2,
2022		April 3,
2021		March 28, 2020
Marketable equity securities:
Net gain (loss) recognized during the period$2,160 $8,515 $(2,264)
Less: Net (gains) losses recognized on securities sold during the period(551)(2,191)232 
Unrealized gains (losses) recognized during the period on securities still held$1,609 $6,324 $(2,032)