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Marketable Debt Securities

12 Months Ended

Aug. 30, 2025

Marketable Debt Securities

Marketable Debt Securities

Note C – Marketable Debt Securities

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

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

August 30, 2025

​

Amortized

Gross

Gross

​

​

​

Cost

​

Unrealized

​

Unrealized

​

Fair

(in thousands)

​

Basis

​

Gains

​

Losses

​

Value

​

​

​

​

​

​

​

​

​

​

​

​

​

Corporate debt securities

​

$

23,441

​

$

270

​

$

(33)

​

$

23,678

Government bonds

​

63,053

​

910

​

(201)

​

63,762

Mortgage-backed securities

​

21,433

​

227

​

(81)

​

21,579

Asset-backed securities and other

​

15,043

​

81

​

(3)

​

15,121

​

​

$

122,970

​

$

1,488

​

$

(318)

​

$

124,140

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

August 31, 2024

​

Amortized

Gross

Gross

​

​

​

Cost

​

Unrealized

​

Unrealized

​

Fair

(in thousands)

​

Basis

​

Gains

​

Losses

​

Value

​

​

​

​

​

​

​

​

​

​

​

​

​

Corporate debt securities

​

$

32,355

​

$

183

​

$

(78)

​

$

32,460

Government bonds

​

50,251

​

483

​

(493)

​

50,241

Mortgage-backed securities

​

22,859

​

326

​

(95)

​

23,090

Asset-backed securities and other

​

16,327

​

66

​

(26)

​

16,367

​

​

$

121,792

​

$

1,058

​

$

(692)

​

$

122,158

​

The contractual maturities of the Company’s available for sale marketable debt securities are as follows:

​

​	​	​	​	​	​	​
​	​	August 30, 2025
​	​	Amortized		​	Fair
(in thousands)	​	Cost Basis		​	Value
​	​	​	​	​	​	​
Due within one year	​	$	19,966	​	$	18,662
Due after one year through five years	​	​	56,262	​	​	58,277
Due after five years through ten years	​	​	31,619	​	​	31,993
Due after ten years	​	​	15,123	​	​	15,208
​	​	$	122,970	​	$	124,140

​

The marketable debt securities held at August 30, 2025, had effective maturities ranging from less than one year to approximately twenty-eight years. At August 30, 2025, the Company held 29 securities that are in an unrealized loss position of approximately $0.3 million. In evaluating whether a credit loss exists for the securities, the Company considers factors such as the 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. An allowance for credit losses was deemed unnecessary given consideration of the factors above. The Company did not realize any material gains or losses on its marketable debt securities during fiscal 2025, 2024 or 2023.

Included above in total marketable debt securities are $117.4 million and $111.5 million of marketable debt securities transferred by the Company’s insurance captive to a trust account to secure its obligations to an insurance company related to future workers’ compensation and casualty losses as of August 30, 2025, and August 31, 2024, respectively.

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- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 940
-SubTopic 320
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/940-320/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1403
-Paragraph b
-Publisher SEC

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/320/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-10

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 320
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/942-320/tableOfContent

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