Note 5 - Marketable Securities

12 Months Ended

Mar. 25, 2012

Marketable Securities [Table Text Block]

NOTE E - MARKETABLE SECURITIES

The cost, gross unrealized gains, gross unrealized losses and fair market value for marketable securities, which consist entirely of municipal bonds that are classified as available-for-sale securities are as follows:

	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Market Value
March 25, 2012	$	13,897	$	814	$	1	$	14,710
March 27, 2011	$	18,139	$	767	$	-	$	18,906

As of March 25, 2012, the municipal bonds mature at various dates between April 2012 and October 2019.The following represents the bond maturities by period:

Fair value of Municipal Bonds	Total		Less than 1 Year		1 – 5 Years		5 – 10 Years		After 10 Years
March 25, 2012	$	14,710	$	2,002	$	10,310	$	2,398	$	-

Proceeds from the sale of available-for-sale securities and the resulting gross realized gains and losses included in the determination of net income are as follows:

	March 25, 2012		March 27, 2011		March 28, 2010
Available-for-sale securities:
Proceeds	$	4,050	$	4,906	$	1,535
Gross realized gains	$	-	$	4	$	-

The change in net unrealized gains (losses) on available-for-sale securities for the fiscal years ended March 25, 2012, March 27, 2011 and March 28, 2010, of $16, $(135) and $281, respectively, which is net of deferred income taxes, has been included as a component of comprehensive income. Accumulated other comprehensive income is comprised entirely of the net unrealized gains on available-for-sales securities as of March 25, 2012 and March 27, 2011.