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Marketable Securities (Tables)
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9 Months Ended |
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Sep. 28, 2013
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| Investments, Debt and Equity Securities [Abstract] |
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| Available For Sale Securities Measured At Estimated Fair Value On Recurring Basis |
Available for sale securities measured at estimated fair value on a recurring basis are summarized below: | | | Fair Value Measurements as
of September 28, 2013 | | | Description | | Total | | Level 1 | | Level 2 | | Level 3 | | | | | | | | | | | | | | | | | | Mortgage-backed securities | | $ | 518,840 | | $ | - | | $ | 518,840 | | $ | - | | | Obligations of states and political subdivisions | | | 690,615 | | | - | | | 690,615 | | | - | | | Corporate bonds | | | 420,345 | | | - | | | 420,345 | | | - | | | Common stocks | | | 27,435 | | | 27,435 | | | - | | | - | | | Other | | | 71,162 | | | - | | | 71,162 | | | - | | | Total | | $ | 1,728,397 | | $ | 27,435 | | $ | 1,700,962 | | $ | - | | | | | Fair Value Measurements as | | | | | of December 29, 2012 | | | Description | | Total | | Level 1 | | Level 2 | | Level 3 | | | | | | | | | | | | | | | | | | Mortgage-backed securities | | $ | 650,895 | | $ | - | | $ | 650,895 | | $ | - | | | Obligations of states and political subdivisions | | | 499,857 | | | - | | | 499,857 | | | - | | | Corporate bonds | | | 399,941 | | | - | | | 399,941 | | | - | | | Common stocks | | | 22,982 | | | 22,982 | | | - | | | - | | | Other | | | 67,720 | | | - | | | 67,720 | | | - | | | Total | | $ | 1,641,395 | | $ | 22,982 | | $ | 1,618,413 | | $ | - | | |
| Marketable Securities Classified as Available-For-Sale Securities |
The following is a summary of the Company’s marketable securities classified as available-for-sale securities at September 28, 2013: | | | | | | | | | | | | | | | Estimated Fair | | | | | | | | | | | Gross | | Other Than | | Value (Net | | | | | | | | Gross Unrealized | | Unrealized | | Temporary | | Carrying | | | | | Amortized Cost | | Gains | | Losses | | Impairment | | Amount) | | | Mortgage-backed securities | | $ | 534,722 | | $ | 4,386 | | $ | (20,268) | | $ | - | | $ | 518,840 | | | Obligations of states and political subdivisions | | | 711,989 | | | 1,649 | | | (23,023) | | | - | | | 690,615 | | | U.S. corporate bonds | | | 424,439 | | | 1,658 | | | (4,478) | | | (1,274) | | | 420,345 | | | Common stocks | | | 23,795 | | | 3,975 | | | (335) | | | - | | | 27,435 | | | Other | | | 67,914 | | | 3,335 | | | (87) | | | - | | | 71,162 | | | Total | | $ | 1,762,859 | | $ | 15,003 | | $ | (48,191) | | $ | (1,274) | | $ | 1,728,397 | | The following is a summary of the Company’s marketable securities classified as available-for-sale securities at December 29, 2012: | | | | | | | | | | | | | | | Estimated Fair | | | | | | | | | | | Gross | | Other Than | | Value (Net | | | | | | | | Gross Unrealized | | Unrealized | | Temporary | | Carrying | | | | | Amortized Cost | | Gains | | Losses | | Impairment | | Amount) | | | Mortgage-backed securities | | $ | 644,388 | | $ | 8,894 | | $ | (2,387) | | $ | - | | $ | 650,895 | | | Obligations of states and political subdivisions | | | 499,241 | | | 2,345 | | | (1,729) | | | - | | | 499,857 | | | U.S. corporate bonds | | | 400,310 | | | 3,138 | | | (2,233) | | | (1,274) | | | 399,941 | | | Common stocks | | | 21,113 | | | 2,392 | | | (523) | | | - | | | 22,982 | | | Other | | | 67,181 | | | 551 | | | (12) | | | - | | | 67,720 | | | Total | | $ | 1,632,233 | | $ | 17,320 | | $ | (6,884) | | $ | (1,274) | | $ | 1,641,395 | | |
| Amortized Cost and Estimated Fair Value of Marketable Securities, by Contractual Maturity |
The amortized cost and estimated fair value of marketable securities at September 28, 2013, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because the issuers of the securities may have the right to prepay obligations without prepayment penalties. | | | Cost | | Estimated
Fair Value | | | Due in one year or less | | $ | 136,835 | | $ | 134,253 | | | Due after one year through five years | | | 688,846 | | | 686,299 | | | Due after five years through ten years | | | 257,244 | | | 249,112 | | | Due after ten years | | | 621,050 | | | 592,932 | | | Other (No contractual maturity dates) | | | 58,884 | | | 65,801 | | | | | $ | 1,762,859 | | $ | 1,728,397 | | |