NOTE D – MARKETABLE SECURITIES

At March 27, 2016, we did not have any 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 29, 2015	$	7,019	$	72	$	-	$	7,091

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

	March 2 7 , 201 6		March 29, 2015		March 30, 2014
Available-for-sale securities:
Proceeds	$	10,868	$	8,020	$	2,890
Gross realized gains	$	26	$	-	$	-

As a result of the sale of all of the marketable securities, all prior unrealized gains have been realized and are included in net income and reclassified in determining other comprehensive income for the year ended March 27, 2016. The reclassification of unrealized gains for the year ended March 27, 2016 was $47, which was net of taxes of $25.

The change in net unrealized losses on available-for-sale securities for the fiscal years ended March 29, 2015 and March 30, 2014, of $(102) and $(180), 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-sale securities as of March 29, 2015 and March 30, 2014.