3. Investments:

Marketable Securities

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


	December 30, 2017				December 31, 2016
	Cost		Fair Value		Cost		Fair Value
Equity securities	$	—	$	—	$	215,800	$	199,900

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 30, 2017		December 31, 2016		December 26, 2015
Unrealized gains	$	—	$	—	$	—
Unrealized losses		—		(15,900)		(52,800)
Net unrealized losses	$	—	$	(15,900)	$	(52,800)

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


	Year Ended
	December 30, 2017		December 31, 2016		December 26, 2015
Realized gains	$	10,300	$	—	$	13,400
Realized losses		(8,900)		(12,600)		(36,200)
Net realized gains (losses)	$	1,400	$	(12,600)	$	(22,800)

Amounts reclassified out of accumulated other comprehensive income (loss) 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.