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Marketable Securities | 9 Months Ended
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Dec. 01, 2012
Marketable Securities [Abstract] |
Marketable Securities | Marketable Securities At December 1, 2012, the Company has investments in municipal bonds of $35.5 million; $25.2 million is current and $10.4 million is non-current. The Company’s wholly owned insurance subsidiary, Prism Assurance, Ltd. (Prism), holds $10.6 million of the municipal bonds. Prism insures a portion of the Company’s workers’ compensation, general liability and automobile liability risks using reinsurance agreements to meet statutory requirements. The reinsurance carrier requires Prism to maintain fixed-maturity investments, which are generally high-quality municipal bonds, for the purpose of providing collateral for Prism’s obligations under the reinsurance agreement. All of the Company’s fixed maturity investments are classified as “available-for-sale,” are carried at fair value and are reported as short-term marketable securities available for sale or marketable securities available for sale in the consolidated balance sheet. The amortized cost, gross unrealized gains and losses, and estimated fair values of investments available for sale at December 1, 2012 and March 3, 2012, are as follows:
(In thousands) | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
December 1, 2012 |  |  |  |  |  |  |
Municipal bonds | $ | 35,566 |  |  | $ | 145 |  |  | $ | (201 | ) |  | $ | 35,510 |
Total investments | $ | 35,566 |  |  | $ | 145 |  |  | $ | (201 | ) |  | $ | 35,510 |
March 3, 2012 |  |  |  |  |  |  |
Municipal bonds | $ | 19,670 |  |  | $ | 188 |  |  | $ | (258 | ) |  | $ | 19,600 |
Total investments | $ | 19,670 |  |  | $ | 188 |  |  | $ | (258 | ) |  | $ | 19,600 |
The Company tests for other than temporary losses on a quarterly basis and considers the unrealized losses indicated above to be temporary in nature. The Company intends to hold the investments until it can recover the full principal amount and has the ability to do so based on other sources of liquidity. The Company expects such recoveries to occur prior to the contractual maturities. The following table presents the length of time that available-for-sale securities were in continuous unrealized loss positions, but were not deemed to be other than temporarily impaired, as of December 1, 2012:
| Less Than 12 Months |  | Greater Than or Equal to 12 Months |  | Total
(In thousands) | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
Municipal bonds | $ | 11,987 |  |  | $ | (8 | ) |  | $ | 1,057 |  |  | $ | (193 | ) |  | $ | 13,044 |  |  | $ | (201 | )
Total investments | $ | 11,987 |  |  | $ | (8 | ) |  | $ | 1,057 |  |  | $ | (193 | ) |  | $ | 13,044 |  |  | $ | (201 | )
The amortized cost and estimated fair values of investments at December 1, 2012, by contractual maturity are shown below. Expected maturities may differ from contractual maturities as borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
(In thousands) | Amortized Cost |  | Estimated Market Value
Due within one year | $ | 25,155 |  |  | $ | 25,154 |
Due after one year through five years | 3,983 |  |  | 4,015 |
Due after five years through 10 years | 4,781 |  |  | 4,882 |
Due after 10 years through 15 years | 1,530 |  |  | 1,338 |
Due beyond 15 years | 117 |  |  | 121 |
Total | $ | 35,566 |  |  | $ | 35,510 |
The Company recognized gross realized gains of $0.3 million and $0.4 million during the nine-month periods of fiscal 2013 and 2012, respectively, which are included in other income, net in the accompanying consolidated results of operations. Gross realized losses were not material during either of those periods.

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- Definition Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27232-111563 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.2,12) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6871852&loc=d3e26626-111562 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -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 -Topic 320 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6871852&loc=d3e26610-111562 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.4) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 + Details
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