Marketable Securities (Tables)

Available for sale securities measured at estimated fair value on a recurring basis are summarized below:

	Fair Value Measurements as
	of December 28, 2013
	Total		Level 1		Level 2		Level 3
Mortgage-backed securities	$	437,330	$	-	$	437,330	$	-
Obligations of states and political subdivisions		647,354		-		647,354		-
Corporate bonds		457,148		-		457,148		-
Common stocks		29,854		29,854		-		-
Other		80,282		-		80,282		-
Total	$	1,651,968	$	29,854	$	1,622,114	$	-

	Fair Value Measurements as
	of December 29, 2012
	Total		Level 1		Level 2		Level 3
Mortgage-backed securities	$	650,895	$	-	$	650,895	$	-
Obligations of states and political subdivisions		499,857		-		499,857		-
Corporate bonds		399,941		-		399,941		-
Common stocks		22,982		22,982		-		-
Other		67,720		-		67,720		-
Total	$	1,641,395	$	22,982	$	1,618,413	$	-

Marketable securities classified as available-for-sale securities are summarized below:

	Available-For-Sale Securities as
	of December 28, 2013
					Gross				Estimated Fair
			Gross		Unrealized		Gross Unrealized		Value (Net Carrying
	Amortized Cost		Unrealized Gains		Losses-OTTI ⁽¹⁾		Losses-Other ⁽²⁾		Amount)
Mortgage-backed securities	$	461,054	$	2,692	$	(22,614)	$	(3,802)	$	437,330
Obligations of states and political subdivisions		673,529		1,601		(27,509)		(267)		647,354
U.S. corporate bonds		463,437		1,050		(7,031)		(308)		457,148
Common stocks		24,540		5,413		(99)		-		29,854
Other		78,059		2,326		(103)		-		80,282
Total	$	1,700,619	$	13,082	$	(57,356)	$	(4,377)	$	1,651,968

	Available-For-Sale Securities as
	of December 29, 2012
									Estimated Fair
			Gross		Gross Unrealized		Gross Unrealized		Value (Net Carrying
	Amortized Cost		Unrealized Gains		Losses-OTTI ⁽¹⁾		Losses-Other ⁽²⁾		Amount)
Mortgage-backed securities	$	644,388	$	8,894	$	-	$	(2,387)	$	650,895
Obligations of states and political subdivisions		499,241		2,345		-		(1,729)		499,857
U.S. corporate bonds		399,036		3,138		-		(2,233)		399,941
Common stocks		21,113		2,392		-		(523)		22,982
Other		67,181		551		-		(12)		67,720
Total	$	1,630,959	$	17,320	$	-	$	(6,884)	$	1,641,395

⁽¹⁾	Represents impairment not related to credit for those investment securities that have been determined to be other-than-temporarily impaired.
⁽²⁾	Represents unrealized losses on investment securities that have not been determined to be other-than-temporarily impaired.

The amortized cost and estimated fair value of marketable securities at December 28, 2013, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because the issuers of the securities may have the right to prepay obligations without prepayment penalties.

			Estimated
	Cost		Fair Value

Due in one year or less (2014)	$	151,594	$	149,862
Due after one year through five years (2015-2019)		708,379		704,164
Due after five years through ten years (2020-2024)		237,556		226,777
Due after ten years (2025 and thereafter)		540,912		501,388
Other (No contractual maturity dates)		62,178		69,777
	$	1,700,619	$	1,651,968

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

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