Investments

3 Months Ended

Dec. 21, 2011

Notes to Financial Statements

Investments

5. Investments

Investments consisted of the following:

	December 21, 2011			September 28, 2011
Cost	$       108,561			$        124,140
Gross unrealized gains		10,472			1,956
Gross unrealized losses	(329		)	(10,775		)
Fair value	$       118,704			$        115,321

Unrealized losses of marketable equity securities at December 21, 2011 relate to securities that have been in an unrealized loss position for less than 12 months. A majority of the gross unrealized losses at September 28, 2011 were due to one investment. We consider several factors in determining other-than-temporary impairment losses including the current and long-term business prospects of these issuers, the length of time and relative magnitude of the price decline and our ability and intent to hold the investment until the price recovers.

Investment gains/losses are recognized when investments are sold (as determined on a specific identification basis) or as otherwise required by GAAP. The timing of realized gains and losses from sales can have a material effect on periodic earnings. However, such realized gains or losses usually have little, if any, impact on total Shareholders’ equity because the investments are carried at fair value with any unrealized gains/losses included as a component of Accumulated other comprehensive income in Shareholders’ equity.

Realized investment gains/losses were as follows:

	Twelve Weeks Ended
		December 21,			December 22,
		2011			2010
Gross realized gains on sales	$	3,979		$	2,884
Gross realized losses on sales	$	(384	)	$	(6	)