
	September 27, 2025		March 29, 2025
Available-for-sale debt securities	$	23,197	$	21,415
Marketable equity securities	12,859		11,425
Non-marketable equity investments	5,150		5,069
	41,206		37,909
Less short-term investments	(16,865)		(19,842)
	$	24,341	$	18,067

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 27, 2025				March 29, 2025
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Residential mortgage-backed securities	$	8,753	$	8,836	$	4,122	$	4,120
State and political subdivision debt securities	6,193		6,314		6,955		6,976
Corporate debt securities	7,974		8,047		10,326		10,319
	$	22,920	$	23,197	$	21,403	$	21,415

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 27, 2025
	Amortized Cost		Fair Value
Due in less than one year	$	3,649	$	3,640
Due after one year through five years	6,355		6,471
Due after five years through ten years	1,541		1,567
Due after ten years	2,622		2,683
Mortgage-backed securities	8,753		8,836
	$	22,920	$	23,197

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


	Three Months Ended				Six Months Ended
	September 27, 2025		September 28, 2024		September 27, 2025		September 28, 2024
Marketable equity securities
Net gain recognized during the period	$	993	$	514	$	1,592	$	60
Less: Net (gain) loss recognized on securities sold during the period	(47)		88		9		(464)
Unrealized gain (loss) recognized during the period on securities still held	$	946	$	602	$	1,601	$	(404)