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Note 3 - Investment Securities | 12 Months Ended
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Sep. 24, 2011
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | NOTE C – INVESTMENT SECURITIES We have classified our investment securities as marketable securities held to maturity and auction market preferred stock (AMPS). The FASB defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, the FASB has established three levels of inputs that may be used to measure fair value:
Level 1 | Observable inputs such as quoted prices in active markets for identical assets or liabilities;
Level 2 | Observable inputs, other than Level 1 inputs in active markets, that are observable either directly or indirectly; and
Level 3 | Unobservable inputs for which there is little or no market data, which require the reporting entity to develop its own assumptions.
We have concluded that the carrying value of certificates of deposit placed through the Certificate of Deposit Account Registry Service equals fair market value. Other marketable securities held to maturity values are derived solely from level 1 inputs. The amortized cost, unrealized gains and losses, and fair market values of our investment securities held to maturity at September 24, 2011 are summarized as follows:
|  |  |  |  | Gross |  |  | Gross |  |  | Fair |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Market |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
|  | (in thousands) |
US Government Agency Debt |  | $ | 42,000 |  |  | $ | 52 |  |  | $ | 62 |  |  | $ | 41,990 |
FDIC Backed Corporate Debt |  |  | 8,015 |  |  |  | 18 |  |  |  | - |  |  |  | 8,033 |
Certificates of Deposit |  |  | 17,491 |  |  |  | 1 |  |  |  | - |  |  |  | 17,492 |
|  | $ | 67,506 |  |  | $ | 71 |  |  | $ | 62 |  |  | $ | 67,515 |
All of the certificates of deposit are within the FDIC limits for insurance coverage. The amortized cost, unrealized gains and losses, and fair market values of our investment securities held to maturity at September 25, 2010 are summarized as follows:
|  |  |  |  | Gross |  |  | Gross |  |  | Fair |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Market |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
|  | (in thousands) |
US Government Agency Debt |  | $ | 8,000 |  |  | $ | 53 |  |  | $ | - |  |  | $ | 8,053 |
FDIC Backed Corporate Debt |  |  | 13,107 |  |  |  | 144 |  |  |  | - |  |  |  | 13,251 |
Certificates of Deposit |  |  | 20,674 |  |  |  | 5 |  |  |  |  |  |  |  | 20,679 |
|  | $ | 41,781 |  |  | $ | 202 |  |  | $ | - |  |  | $ | 41,983 |
All of the certificates of deposit are within the FDIC limits for insurance coverage. The amortized cost and fair value of the Company’s held to maturity securities by contractual maturity at September 24, 2011 and September 25, 2010 are summarized as follows:
|  | September 24, 2011 |  |  | September 25, 2010 |
|  |  |  |  | Fair |  |  |  |  |  | Fair |
|  | Amortized |  |  | Market |  |  | Amortized |  |  | Market |
|  | Cost |  |  | Value |  |  | Cost |  |  | Value |
|  | (in thousands) |
Due in one year or less |  | $ | 25,506 |  |  | $ | 25,525 |  |  | $ | 15,481 |  |  | $ | 15,501 |
Due after one year through five years |  |  | 6,000 |  |  |  | 6,014 |  |  |  | 26,300 |  |  |  | 26,482 |
Due after five years through ten years |  |  | 36,000 |  |  |  | 35,976 |  |  |  | - |  |  |  | - |
Total held to maturity securities |  | $ | 67,506 |  |  | $ | 67,515 |  |  | $ | 41,781 |  |  | $ | 41,983 |
Less current portion |  |  | 25,506 |  |  |  | 25,525 |  |  |  | 15,481 |  |  |  | 15,501 |
Long term held to maturity securities |  | $ | 42,000 |  |  | $ | 41,990 |  |  | $ | 26,300 |  |  | $ | 26,482 |
Proceeds from the sale and redemption of marketable securities were $37,568,000, $67,362,000 and $10,204,000 in the years ended September 24, 2011, September 25, 2010 and September 26, 2009, respectively, with no gain or loss recorded. We use the specific identification method to determine the cost of securities sold.

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- Definition Tabular disclosure of investments in certain debt and equity securities (and certain other trading assets) which include all debt and equity securities (other than those equity securities accounted for under the equity or cost methods of accounting) with readily determinable fair values. Other trading assets include assets that are carried on the balance sheet at fair value and held for trading purposes. A debt security represents a creditor relationship with an enterprise that is in the form of a security. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities (and other trading assets). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27405-111563 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6379141&loc=d3e15032-111544 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Equity Security -URI http://asc.fasb.org/extlink&oid=6511694 -Topic 320 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27161-111563 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Debt Security -URI http://asc.fasb.org/extlink&oid=6509901 -Topic 320 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 115 -Paragraph 3, 19, 20, 21, 22, 137 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27232-111563 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27357-111563 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27290-111563 + Details
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