Investments In Securities

9 Months Ended

Sep. 25, 2011

Investments In Securities

Investments In Securities

7. 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:

	September 25, 2011				December 26, 2010
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
	(In thousands)
Cash equivalents:
Fixed income securities	$	50	$	51	$	50	$	51
Other		57,257		57,257		60,902		60,952
Short-term investments:
Fixed income securities	$	51	$	52	$	1,518	$	1,554
Long-term investments:
Fixed income securities	$	470	$	552	$	3,285	$	3,452
Equity securities		—		—		5,884		6,953
Other		1,300		1,245		1,300		1,190

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

	Amount		Percent
	(In thousands)
Matures in less than one year	$	103		16	%
Matures between one and two years		162		25	%
Matures between two and five years		229		35	%
Matures in excess of five years		161		24	%
	$	655		100	%

The cost of each security sold and the amount reclassified out of accumulated other comprehensive income into earnings is determined on a specific identification basis.

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 either restricted cash and cash equivalents, current investments or long-term investments based on a date of maturity and management's intention for use of such assets.