NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(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 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  
April 30, 2006
   Available-for-Sale Securities:
   U.S. corporate equity securities
$ 301   $ 20   $   $ 321  
   U.S. corporate debt securities   3,080     5         3,085  
   Foreign corporate debt securities   19,329     36     (3   19,362  
  $ 22,710   $ 61   $ (3 $ 22,768  

By contractual maturity, all marketable investments at April 29, 2007 are due in one year or less.