XML 85 R38.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Investments (Tables)
12 Months Ended
Mar. 30, 2024
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investments
Investments consisted of the following (in thousands):
March 30,
2024
April 1,
2023
Available-for-sale debt securities
$18,669 $18,555 
Marketable equity securities
11,961 9,989 
Non-marketable equity investments
4,956 5,073 
35,586 33,617 
Less short-term investments(18,270)(14,978)
$17,316 $18,639 
Debt Securities, Available-for-Sale 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):
 March 30, 2024
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Residential mortgage-backed securities
$2,933 $— $(68)$2,865 
State and political subdivision debt securities
5,041 (118)4,930 
Corporate debt securities
11,117 (247)10,874 
$19,091 $11 $(433)$18,669 

 April 1, 2023
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Residential mortgage-backed securities
$2,567 $— $(79)$2,488 
State and political subdivision debt securities
6,023 — (254)5,769 
Corporate debt securities
10,745 — (447)10,298 
$19,335 $— $(780)$18,555 
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):
March 30, 2024
 Less than 12 Months12 Months or LongerTotal
Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
Residential mortgage-backed securities
$2,014 $(24)$833 $(44)$2,847 $(68)
State and political subdivision debt securities
493 (1)3,442 (117)3,935 (118)
Corporate debt securities397 (3)8,501 (244)8,898 (247)
$2,904 $(28)$12,776 $(405)$15,680 $(433)

April 1, 2023
 Less than 12 Months12 Months or LongerTotal
Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
Residential mortgage-backed securities
$1,345 $(10)$1,117 $(69)$2,462 $(79)
State and political subdivision debt securities
251 — 4,792 (254)5,043 (254)
Corporate debt securities4,902 (136)5,396 (311)10,298 (447)
$6,498 $(146)$11,305 $(634)$17,803 $(780)
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.
 March 30, 2024
Amortized
Cost
Fair
Value
Due in less than one year
$6,420 $6,310 
Due after one year through five years
9,352 9,107 
Due after five years through ten years
225 227 
Due after ten years
161 160 
Mortgage-backed securities
2,933 2,865 
$19,091 $18,669 
Gain (Loss) on Securities Net investment gains and losses on marketable equity securities for fiscal years 2024, 2023 and 2022 were as follows (in thousands):
Year Ended
March 30,
2024
April 1,
2023
April 2,
2022
Marketable equity securities:
Net gain recognized during the period$1,869 $561 $2,160 
Less: Net (gains) recognized on securities sold during the period(348)(958)(551)
Unrealized gains (losses) recognized during the period on securities still held$1,521 $(397)$1,609