Note F - Cash, Cash Equivalents And Marketable Securities

3 Months Ended

Mar. 30, 2025

Notes to Financial Statements

Cash, Cash Equivalent, and Marketable Security [Text Block]

NOTE F - CASH, CASH EQUIVALENTS AND MARKETABLE SECURITIES 

The Company considers all highly liquid marketable securities with an original maturity of three months or less to be cash equivalents.  Cash equivalents include money market funds.  The Company deposits its cash in high quality financial institutions.  The balances, at times, may exceed federally insured limits.  Money market funds are reported at fair value determined using quoted prices in active markets for identical securities (Level 1, as defined by FASB ASC 820). The Company has classified all marketable securities as available-for-sale which requires the securities to be reported at estimated fair value, with unrealized gains and losses, net of tax, reported as a separate component of stockholders' equity. 

At March 30, 2025 and December 31, 2024, cost for marketable securities was determined using the specific identification method.  A summary of the amortized costs and fair values of the Company’s marketable securities at the end of the periods presented is shown in the following table.  All of the Company’s marketable securities are classified as Level 2, as defined by FASB ASC 820, with fair values determined using significant other observable inputs, which include quoted prices in markets that are not active, quoted prices of similar securities, recently executed transactions, broker quotations, and other inputs that are observable.

	(In Thousands)
	MARKETABLE SECURITIES
	Amortized Cost		Fair Value		Gross Unrealized Gains		Gross Unrealized Losses
March 30, 2025
Certificates of Deposit	$	4,468		4,496	$	28	$	-
Total Marketable Securities	$	4,468	$	4,496	$	28	$	-
December 31, 2024
Certificates of Deposit		4,965		5,010		45		-
Total Marketable Securities	$	4,965	$	5,010	$	45	$	-

Proceeds from maturities and sales of available-for-sale securities totaled $497,000 and $5,009,000 for the three month periods ended March 30, 2025 and March 31, 2024, respectively.  There were no gross gains or losses related to sales of marketable securities during the same periods.  Net unrealized gains or losses included in other comprehensive income were $(17,000) and $0 before taxes for the three month periods ended March 30, 2025 and March 31, 2024, respectively. No unrealized gains or losses were reclassified out of accumulated other comprehensive income during the same periods.

The contractual maturities of the marketable securities held at March 30, 2025 are as follows: $3,970,000 within one year; $498,000 beyond one year to five years.