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Investments | 9 Months Ended
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Dec. 28, 2024
Investments, Debt and Equity Securities [Abstract] |
Investments | Investments Investments consisted of the following (in thousands):
| December 28, 2024 |  | March 30, 2024
Available-for-sale debt securities | $ | 21,783 |  |  | $ | 18,669 |
Marketable equity securities | 7,434 |  |  | 11,961 |
Non-marketable equity investments | 5,132 |  |  | 4,956 |
| 34,349 |  |  | 35,586 |
Less short-term investments | (16,062) |  |  | (18,270) |
| $ | 18,287 |  |  | $ | 17,316 |
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):
| December 28, 2024 |  | March 30, 2024
| Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
Residential mortgage-backed securities | $ | 4,146 |  |  | $ | 4,093 |  |  | $ | 2,933 |  |  | $ | 2,865 |
State and political subdivision debt securities | 6,565 |  |  | 6,515 |  |  | 5,041 |  |  | 4,930 |
Corporate debt securities | 11,257 |  |  | 11,175 |  |  | 11,117 |  |  | 10,874 |
| $ | 21,968 |  |  | $ | 21,783 |  |  | $ | 19,091 |  |  | $ | 18,669 |
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.
| December 28, 2024
| Amortized Cost |  | Fair Value
Due in less than one year | $ | 8,402 |  |  | $ | 8,332 |
Due after one year through five years | 7,088 |  |  | 7,047 |
Due after five years through ten years | 2,332 |  |  | 2,311 |
Mortgage-backed securities | 4,146 |  |  | 4,093 |
| $ | 21,968 |  |  | $ | 21,783 |
Net investment gains and losses on marketable equity securities were as follows (in thousands):
| Three Months Ended |  | Nine Months Ended
| December 28, 2024 |  | December 30, 2023 |  | December 28, 2024 |  | December 30, 2023
Marketable equity securities |  |  |  |  |  |  |
Net gain (loss) recognized during the period | $ | (954) |  |  | $ | 776 |  |  | $ | (440) |  |  | $ | 1,051 |
Less: Net (gain) recognized on securities sold during the period | (1,649) |  |  | (235) |  |  | (1,561) |  |  | (365) |
Unrealized gain (loss) recognized during the period on securities still held | $ | (2,603) |  |  | $ | 541 |  |  | $ | (2,001) |  |  | $ | 686 |

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