3.Investments:

Marketable Securities

The following is a summary of marketable securities classified as available-for-sale securities:

	December 26, 2015				December 27, 2014
	Cost		Fair Value		Cost		Fair Value
Equity securities	$	280,600	$	227,800	$	526,600	$	466,800

The Company’s unrealized gains and losses for marketable securities classified as available-for-sale securities in accumulated other comprehensive income (loss) are as follows:

	Year Ended
	December 26, 2015			December 27, 2014			December 28, 2013
Unrealized gains	$	—		$	3,300		$	6,800
Unrealized losses	(52,800		)	(63,100		)	(13,400		)

Net unrealized gains / (losses)	$	(52,800	)	$	(59,800	)	$	(6,600	)

The Company’s realized gains and losses recognized on sales of available-for-sale marketable securities are as follows:

	Year Ended
	December 26, 2015			December 27, 2014			December 28, 2013
Realized gains	$	13,400		$	40,900		$	25,200
Realized losses	(36,200		)	(32,200		)	—

Net realized gains / (losses)	$	(22,800	)	$	8,700		$	25,200

Amounts reclassified out of accumulated other comprehensive income into earnings is determined by using the average cost of the security when sold. Gross realized gains (losses) reclassified out of accumulated other comprehensive loss into earnings are included in Interest and Other Income (Expense) and the related tax benefits (expenses) are included in the Provision for Income Taxes lines of the Consolidated Statements of Operations.