Investments

6 Months Ended

Apr. 11, 2012

Notes to Financial Statements

Investments

4. Investments

Investments consisted of the following:

	April 11, 2012			September 28, 2011
Cost	$       190,231			$        124,140
Gross unrealized gains		27,859			1,956
Gross unrealized losses	(347		)	(10,775		)
Fair value	$       217,743			$        115,321

Unrealized losses of marketable equity securities at April 11, 2012 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. Most of our investments at April 11, 2012 are concentrated in one security.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:

	Sixteen Weeks Ended				Twenty-Eight Weeks Ended
		April 11,		April 13,		April 11,			April 13,
		2012		2011		2012			2011
Gross realized gains on sales	$	378	$	366	$	4,357		$	3,250
Gross realized losses on sales	$	—	$	—	$	(384	)	$	(6	)