(5) Marketable Investments

Excess cash balances are invested primarily in short-term, exchange-traded debt instruments. Investments generally consist of non-equity type investments stated at market value.

The following is a summary of investment securities:

  Amortized Cost   Gross
Unrealized
Gains
  Gross
Unrealized
Losses
  Estimated
Fair
Value
   (Amounts in thousands)
April 27, 2008
   Available-for-Sale Securities:

   U.S. corporate equity securities
  $ 301           $ 161           $           $ 462    
   U.S. corporate debt securities   10,164     185     (88 )   10,261  
   Foreign corporate debt securities   14,682         (318 )   14,364  
  $ 25,147   $ 346    $ (406 ) $ 25,087  
April 29, 2007
   Available-for-Sale Securities:

   U.S. corporate equity securities
$ 301   $ 247   $   $ 548  
   U.S. corporate debt securities   10,952             10,952  
   Foreign corporate debt securities   12,592     71     (2 )   12,661  
  $ 23,845   $ 318   $ (2 ) $ 24,161  


By contractual maturity, all marketable debt investments at April 27, 2008 are due in one year or less; as such, all unrealized losses noted above occurred within the past 12 months. Given the short-term maturity of the investment securities and their related investment rating, none of the above securities were deemed to have an other-than-temporary impairment.