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Note 4. Investments (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 19, 2012
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Sep. 26, 2012
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| Investments | $ 305,634 | $ 269,858 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Note 4. Investments |
Note 4. Investments Investments consisted of the following:
At December 19, 2012, most of the total fair value of our investments was concentrated in the common stock of one investee, Cracker Barrel Old Country Store, Inc. At December 19, 2012 we held 4,737,794 shares(140,100 shares through the Lion Fund) of Cracker Barrel Old Country Store, Inc.
As of December 19, 2012,unrealized losses on available for sale equity securities in a continuous unrealized loss position for more than twelve consecutive months were $550. We consider several factors in determining other-than-temporary impairment losses including the current and long-term business prospects of the issuer, the length of time and relative magnitude of the price decline and our ability and intent to hold the investment until the price recovers. As of December 19, 2012, we concluded that the unrealized losses were temporary.
Investment gains/losses are recognized when investments are sold (as determined on a specific identification basis) or as otherwise required by GAAP. The timing of realized gains and losses from sales can have a material effect on periodic earnings. However, such realized gains or losses usually have little, if any, impact on total Shareholders equity because the investments are carried at fair value with any unrealized gains/losses included as a component of Accumulated other comprehensive income in Shareholders equity.
Realized investment gains/losses were as follows:
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