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INVESTMENTS IN SECURITIES
12 Months Ended
Dec. 26, 2021
Investments, Debt and Equity Securities [Abstract]  
INVESTMENTS IN SECURITIES INVESTMENTS IN SECURITIES
The Company recognizes investments in available-for-sale securities as cash equivalents, current investments or long-term investments depending upon each security’s length to maturity. The following table summarizes our investments in available-for-sale securities:
The following table summarizes our investments in available-for-sale securities accounted for as cash equivalents:
 December 26, 2021December 27, 2020
 
Cost
Fair
Value

Cost
Fair
Value
 (In thousands)
Fixed income securities$48,851 $48,851 $178,677 $178,677 
Gross realized gains during 2021 and 2020 related to the Company’s available-for-sale securities totaled $5.4 million and $5.8 million, respectively, while gross realized losses were immaterial. Proceeds received from the sale or maturity of available-for-sale securities investments are disclosed in the Consolidated Statements of Cash Flows. Net unrealized holding gains and losses on the Company’s available-for-sale securities recognized during 2021 and 2020 that have been included in accumulated other comprehensive loss and the net amount of gains and losses reclassified out of accumulated other comprehensive loss to earnings during 2021 and 2020 are disclosed in “Note 14. Stockholders’ Equity.”