Investments In Securities

12 Months Ended

Dec. 25, 2011

Investments, Debt and Equity Securities [Abstract]

Investments In Securities

INVESTMENTS IN SECURITIES

We recognize investments in available-for-sale securities as cash equivalents, current investments or long-term investments depending upon each security's length to maturity. Additionally, those securities identified by management at the time of purchase for funding operations in less than one year are classified as current.

The following table summarizes our investments in available-for-sale securities:

	December 25, 2011				December 26, 2010
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
	(In thousands)
Cash equivalents:
Fixed income securities	$	—	$	—	$	50	$	51
Current investments:
Fixed income securities	$	152	$	157	$	1,518	$	1,554
Long-term investments:
Fixed income securities	$	367	$	438	$	3,285	$	3,452
Equity securities	—		—		5,884		6,953
Other	59		59		1,300		1,190

Maturities for the Company’s investments in fixed income securities as of December 25, 2011, were as follows:

	Amount		Percent
	(In thousands)
Matures in less than one year	$	157	26.4	%
Matures between one and two years	109		18.3	%
Matures between two and five years	242		40.7	%
Matures in excess of five years	87		14.6	%
	$	595	100	%

The Company and certain retirement plans that it sponsors invest in a variety of financial instruments. Certain postretirement funds in which the Company participates hold significant amounts of mortgage-backed securities. However, none of the mortgages collateralizing these securities are considered subprime.

Certain investments are held in trust as compensating balance arrangements for our insurance liability and are classified as long-term based on a maturity date greater than one year from the balance sheet date and management’s intention not to use such assets in the next year.