Investments

6 Months Ended

Sep. 28, 2024

Investments, Debt and Equity Securities [Abstract]

Investments

Investments

Investments consisted of the following (in thousands):

	September 28, 2024		March 30, 2024
Available-for-sale debt securities	$	20,482	$	18,669
Marketable equity securities	11,827		11,961
Non-marketable equity investments	5,110		4,956
	37,419		35,586
Less short-term investments	(24,574)		(18,270)
	$	12,845	$	17,316

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):

	September 28, 2024				March 30, 2024
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Residential mortgage-backed securities	$	8,248	$	8,246	$	2,933	$	2,865
State and political subdivision debt securities	3,575		3,558		5,041		4,930
Corporate debt securities	8,757		8,678		11,117		10,874
	$	20,580	$	20,482	$	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.

	September 28, 2024
	Amortized Cost		Fair Value
Due in less than one year	$	7,534	$	7,475
Due after one year through five years	4,573		4,536
Due after five years through ten years	225		225
Mortgage-backed securities	8,248		8,246
	$	20,580	$	20,482

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

	Three Months Ended				Six Months Ended
	September 28, 2024		September 30, 2023		September 28, 2024		September 30, 2023
Marketable equity securities
Net gain (loss) recognized during the period	$	514	$	(185)	$	60	$	275
Less: Net loss (gain) recognized on securities sold during the period	88		(110)		(464)		(130)
Unrealized gain (loss) recognized during the period on securities still held	$	602	$	(295)	$	(404)	$	145