
	June 29, 2024		March 30, 2024
Available-for-sale debt securities	$	20,025	$	18,669
Marketable equity securities	10,628		11,961
Non-marketable equity investments	4,934		4,956
	35,587		35,586
Less short-term investments	(20,671)		(18,270)
	$	14,916	$	17,316

Investments in marketable equity securities consist of investments in the common stock of industrial and other companies.

Our non-marketable equity investments include investments in other retail distribution operations and community-based initiatives.

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):


	June 29, 2024				March 30, 2024
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Residential mortgage-backed securities	$	4,849	$	4,782	$	2,933	$	2,865
State and political subdivision debt securities	5,103		5,015		5,041		4,930
Corporate debt securities	10,423		10,228		11,117		10,874
	$	20,375	$	20,025	$	19,091	$	18,669

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 may differ from contractual maturities as borrowers at times have the right to call or prepay obligations, with or without penalties.


	June 29, 2024
	Amortized Cost		Fair Value
Due in less than one year	$	7,880	$	7,778
Due after one year through five years	7,421		7,240
Due after five years through ten years	225		225
Due after ten years	—		—
Mortgage-backed securities	4,849		4,782
	$	20,375	$	20,025

Net investment gains and losses on marketable equity securities were as follows (in thousands):


	Three Months Ended
		June 29, 2024		July 1, 2023
Marketable equity securities
Net (loss) gain recognized during the period		$	(454)	$	460
Less: Net (gain) recognized on securities sold during the period		(552)		(20)
Unrealized (loss) gain recognized during the period on securities still held		$	(1,006)	$	440