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Investments (Tables) | 6 Months Ended
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Oct. 01, 2022
Investments, Debt and Equity Securities [Abstract] |
Schedule of Investments | Investments consisted of the following (in thousands):
| October 1, 2022 |  | April 2, 2022
Available-for-sale debt securities | $ | 19,488 |  |  | $ | 17,760 |
Marketable equity securities | 14,441 |  |  | 16,780 |
Non-marketable equity investments | 20,761 |  |  | 20,479 |
| 54,690 |  |  | 55,019 |
Less short-term investments | (16,367) |  |  | (20,086) |
| $ | 38,323 |  |  | $ | 34,933 |
Amortized cost and fair value by security type | 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):
| October 1, 2022 |  | April 2, 2022
| Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
Residential mortgage-backed securities | $ | 3,161 |  |  | $ | 3,059 |  |  | $ | 1,668 |  |  | $ | 1,613 |
State and political subdivision debt securities | 6,560 |  |  | 6,208 |  |  | 10,100 |  |  | 9,906 |
Corporate debt securities | 10,802 |  |  | 10,221 |  |  | 6,502 |  |  | 6,241 |
| $ | 20,523 |  |  | $ | 19,488 |  |  | $ | 18,270 |  |  | $ | 17,760 |
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 differ from contractual maturities as borrowers may have the right to call or prepay obligations, with or without penalties.
| October 1, 2022
| Amortized Cost |  | Fair Value
Due in less than one year | $ | 1,443 |  |  | $ | 1,423 |
Due after one year through five years | 14,521 |  |  | 13,610 |
Due after five years through ten years | 1,005 |  |  | 1,007 |
Due after ten years | 393 |  |  | 389 |
Mortgage-backed securities | 3,161 |  |  | 3,059 |
| $ | 20,523 |  |  | $ | 19,488 |
Gain (Loss) on Securities | There were no gross gains or losses realized on the sale of available-for-sale debt securities during the three and six months ended October 1, 2022 or October 2, 2021. Net investment gains and losses on marketable equity securities were as follows (in thousands):
| Three Months Ended |  | Six Months Ended
| October 1, 2022 |  | October 2, 2021 |  | October 1, 2022 |  | October 2, 2021
Marketable equity securities |  |  |  |  |  |  |
Net (loss) gain recognized during the period | $ | (233) |  |  | $ | 243 |  |  | $ | (2,575) |  |  | $ | 1,939 |
Less: Net loss (gain) recognized on securities sold during the period | 216 |  |  | (143) |  |  | 290 |  |  | (279) |
Unrealized (loss) gain recognized during the period on securities still held | $ | (17) |  |  | $ | 100 |  |  | $ | (2,285) |  |  | $ | 1,660 |

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