4. Investments

9 Months Ended

Jul. 04, 2012

Notes to Financial Statements

4. Investments

Note 4. Investments

Investments consisted of the following:

	July 4, 2012			September 28, 2011
Cost	$	193,032		$	124,140
Gross unrealized gains		53,285			1,956
Gross unrealized losses		(626	)		(10,775	)
Fair value	$	245,691		$	115,321

On July 4, 2012, most of the Company’s investments (along with gross unrealized gains) were concentrated in one security. Unrealized losses on marketable equity securities on July 4, 2012 have been in an unrealized loss for less than 12 months. A majority of the gross unrealized losses on September 28, 2011 related only to one investment. We consider several factors in determining other-than-temporary impairment losses, including the current and long-term business prospects of the 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 U.S. 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 within shareholders’ equity on the consolidated balance sheet.

Realized investment gains/losses were as follows:

	Twelve Weeks Ended		Forty Weeks Ended
	July 4,	July 6,	July 4,	July 6,
	2012	2011	2012	2011
Gross realized gains on sales	227	1444	4584	4694
Gross realized losses on sales	—	(11)	-384	(17)