Buffalo Wild Wings 2012 Annual Report Download - page 48

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48
BUFFALO WILD WINGS, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
December 30, 2012 and December 25, 2011
(Dollar amounts in thousands, except per-share amounts)
Assets and liabilities that are measured at fair value on a non-recurring basis
We generally estimate long-lived asset fair values, including property, plant and equipment and leasehold improvements,
using the income approach. The inputs used to determine fair value relate primarily to future assumptions regarding
restaurant sales and profitability. These inputs are categorized as Level 3 inputs. The inputs used represent management’s
assumptions about what information market participants would use in pricing the assets and are based upon the best
information available at the balance sheet date.
Financial assets and liabilities not measured at fair value
Certain of our financial assets and liabilities are recorded at their carrying amounts which approximate fair value, based
on their short-term nature or variable interest rate. These financial assets and liabilities include cash, accounts receivable,
accounts payable, and other current assets and liabilities.
(3) Marketable Securities
Marketable securities consisted of the following:
December 30,
2012
December 25,
2011
Held-to-maturity
Municipal securities
$ 2,770
34,652
Available-for-sale
Municipal securities
512
—
Trading
Mutual funds 6,297
5,304
Total
$ 9,579
39,956
Purchases of available for-sale securities totaled $115,737 and sales totaled $115,151 in 2012. Purchases of held-to-
maturity securities totaled $17,000 and proceeds from maturities totaled $48,357 in 2012. All held-to-maturity debt securities
mature within one year and had an aggregate fair value of $2,770 at December 30, 2012.
Purchases of available for-sale securities totaled $58,932 and sales totaled $70,955 in 2011. Purchases of held-to-
maturity securities totaled $38,142 and proceeds from maturities totaled $43,383 in 2011. All held-to-maturity debt securities
mature within one year and had an aggregate fair value of $34,640 at December 25, 2011.
Purchases of available for-sale securities totaled $56,088 and sales totaled $68,440 in 2010. Purchases of held-to-
maturity securities totaled $43,607 and proceeds from maturities totaled $18,899 in 2010.
Trading securities represent investments held for future needs of our non-qualified deferred compensation plan.