Investments (Tables)
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3 Months Ended |
Jun. 28, 2025 |
Investments, Debt and Equity Securities [Abstract] |
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Schedule of Investments |
Investments consisted of the following (in thousands): | | | | | | | | | | | | | June 28, 2025 | | March 29, 2025 | Available-for-sale debt securities | $ | 20,359 | | | $ | 21,415 | | Marketable equity securities | 11,805 | | | 11,425 | | Non-marketable equity investments | 5,019 | | | 5,069 | | | 37,183 | | | 37,909 | | Less short-term investments | (17,821) | | | (19,842) | | | $ | 19,362 | | | $ | 18,067 | |
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Schedule of Debt Securities, Available-for-Sale |
The amortized cost and fair value of our investments in available-for-sale debt securities, by security type, are shown in the table below (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | June 28, 2025 | | March 29, 2025 | | Amortized Cost | | Fair Value | | Amortized Cost | | Fair Value | Residential mortgage-backed securities | $ | 5,175 | | | $ | 5,226 | | | $ | 4,122 | | | $ | 4,120 | | State and political subdivision debt securities | 6,483 | | | 6,531 | | | 6,955 | | | 6,976 | | Corporate debt securities | 8,568 | | | 8,602 | | | 10,326 | | | 10,319 | | | $ | 20,226 | | | $ | 20,359 | | | $ | 21,403 | | | $ | 21,415 | |
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Schedule of Contractual Maturity of Investment Securities |
The amortized cost and fair value of our investments in available-for-sale debt securities, by contractual maturity, are shown in the table below (in thousands). Expected maturities may differ from contractual maturities as borrowers at times have the right to call or prepay obligations, with or without penalties. | | | | | | | | | | | | | June 28, 2025 | | Amortized Cost | | Fair Value | Due in less than one year | $ | 5,697 | | | $ | 5,674 | | Due after one year through five years | 7,100 | | | 7,180 | | Due after five years through ten years | 1,931 | | | 1,949 | | Due after ten years | 323 | | | 330 | | Mortgage-backed securities | 5,175 | | | 5,226 | | | $ | 20,226 | | | $ | 20,359 | |
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Schedule of Gain (Loss) on Securities |
Net investment gains and losses on marketable equity securities were as follows (in thousands): | | | | | | | | | | | | | | | | | | | Three Months Ended | | | | | | June 28, 2025 | | June 29, 2024 | Marketable equity securities | | | | | | | | Net gain (loss) recognized during the period | | | | | $ | 599 | | | $ | (454) | | Less: Net loss (gain) recognized on securities sold during the period | | | | | 56 | | | (552) | | Unrealized gain (loss) recognized during the period on securities still held | | | | | $ | 655 | | | $ | (1,006) | |
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