Marketable Securities

3 Months Ended

Nov. 19, 2011

Marketable Securities [Abstract]

Marketable Securities

Note D — Marketable Securities

The Company’s basis for determining the cost of a security sold is the “Specific Identification Model”. Unrealized gains (losses) on marketable securities are recorded in Accumulated other comprehensive loss. The Company’s available-for-sale marketable securities consisted of the following:

	November 19, 2011
	Amortized		Gross		Gross
	Cost		Unrealized		Unrealized
(in thousands)	Basis		Gains		Losses			Fair Value
Corporate securities	$	27,030	$	146	$	(136	)	$	27,040
Government bonds		30,516		259		(18	)		30,757
Mortgage-backed securities		3,069		23		—			3,092
Asset-backed securities and other		13,604		70		(8	)		13,666
	$	74,219	$	498	$	(162	)	$	74,555

	August 27, 2011
	Amortized		Gross		Gross
	Cost		Unrealized		Unrealized
(in thousands)	Basis		Gains		Losses			Fair Value
Corporate securities	$	26,261	$	229	$	(45	)	$	26,445
Government bonds		29,464		343		—			29,807
Mortgage-backed securities		4,291		55		—			4,346
Asset-backed securities and other		12,377		156		—			12,533
	$	72,393	$	783	$	(45	)	$	73,131

The debt securities held at November 19, 2011, had effective maturities ranging from less than one year to approximately 3 years. The Company did not realize any material gains or losses on its marketable securities during the twelve week period ended November 19, 2011.

The Company holds twenty-seven securities that are in an unrealized loss position of approximately $162 thousand at November 19, 2011. The Company has the intent and ability to hold these investments until recovery of fair value or maturity, and does not deem the investments to be impaired on an other than temporary basis. In evaluating whether the securities are deemed to be impaired on an other than temporary basis, the Company considers factors such as the duration and severity of the loss position, the credit worthiness of the investee, the term to maturity and the intent and ability to hold the investments until maturity or until recovery of fair value.