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Investments (Tables) | 9 Months Ended
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Jan. 25, 2020
Investments |
Schedule of investments | Investments consist of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | January 25, | ​ | April 30, | ​
​ |  | 2020 |  | 2019 |
​ | ​ | ​ | ​
Short-term investments: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Held-to-maturity securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Municipal securities | ​ | $ | 7,565 | ​ | $ | 5,332 | ​
U.S. government securities | ​ | ​ | 45,439 | ​ | ​ | 63,205 | ​
Corporate bonds | ​ | ​ | 82,298 | ​ | ​ | 81,950 | ​
Total held-to-maturity investments | ​ | ​ | 135,302 | ​ | ​ | 150,487 | ​
Available-for-sale securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Variable rate demand notes | ​ | ​ | 13,200 | ​ | ​ | — | ​
Total available-for-sale investments | ​ | ​ | 13,200 | ​ | ​ | — | ​
Total short-term investments | ​ | $ | 148,502 | ​ | $ | 150,487 | ​
Long-term investments: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Held-to-maturity securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Municipal securities | ​ | ​ | 15,887 | ​ | ​ | — | ​
U.S. government securities | ​ | ​ | — | ​ | ​ | 7,404 | ​
Corporate bonds | ​ | ​ | 4,558 | ​ | ​ | 1,982 | ​
Certificates of deposit | ​ | ​ | 1,017 | ​ | ​ | — | ​
Total held-to-maturity investments | ​ |  | 21,462 | ​ |  | 9,386 | ​
Available-for-sale securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Investment in limited partnership fund | ​ |  | 4,947 | ​ |  | — | ​
Total available-for-sale investments | ​ |  | 4,947 | ​ |  | — | ​
Total long-term investments | ​ | $ | 26,409 | ​ | $ | 9,386 | ​
schedule of amortized cost and fair value of the available-for-sale debt securities by contractual maturity | The amortized cost and fair value of the available-for-sale debt securities by contractual maturity at January 25, 2020 were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Cost |  | Fair Value |
Due after 20 years | ​ | $ | 13,200 | ​ | $ | 13,200 | ​
Total | ​ | $ | 13,200 | ​ | $ | 13,200 | ​
Schedule of activity related to available-for-sale investments recorded in short-term and long-term investments | The following table is a summary of the activity related to the available-for-sale investments recorded in short-term and long-term investments (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | April 30, 2019 |  | Changes in |  | ​ |  | January 25, 2020 |
​ | ​ | Carrying | ​ | Fair Value | ​ | Sales or | ​ | Carrying |
​ | ​ | Value | ​ | Reflected in Net Income | ​ | Purchases | ​ | Value |
Variable rate demand notes | ​ | $ | — | ​ | $ | — | ​ | $ | 13,200 | ​ | $ | 13,200 |
Investment in limited partnership | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 4,947 | ​ | ​ | 4,947 |
Total available-for-sale investments |  | $ | — |  | $ | — |  | $ | 18,147 | ​ | $ | 18,147 | ​
Held to maturity securities |
Investments |
Schedule of amortized cost, gross unrealized gains, gross unrealized losses, and estimated fair value of held-to-maturity investments | ​ The amortized cost, gross unrealized gains, gross unrealized losses, and estimated fair value of the held-to-maturity investments as of January 25, 2020 were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | January 25, 2020 | ​
​ |  | ​ | ​ |  | Gross |  | Gross |  | ​ | ​ |
​ | ​ | Amortized | ​ | Unrealized | ​ | Unrealized | ​ | Fair | ​
​ | ​ | Cost | ​ | Gains | ​ | Losses | ​ | Value | ​
Municipal securities | ​ | $ | 23,452 | ​ | $ | 12 | ​ | $ | (4) |  | $ | 23,460 | ​
U.S. government securities | ​ | ​ | 45,439 | ​ | ​ | 63 | ​ | ​ | — | ​ |  | 45,502 | ​
Corporate bonds | ​ | ​ | 86,856 | ​ | ​ | 57 | ​ | ​ | — | ​ |  | 86,913 | ​
Certificates of deposit | ​ | ​ | 1,017 | ​ | ​ | 4 | ​ | ​ | — | ​ | ​ | 1,021 | ​
Total held-to-maturity investments | ​ | $ | 156,764 | ​ | $ | 136 | ​ | $ | (4) | ​ | $ | 156,896 | ​
​ The amortized cost, gross unrealized gains, gross unrealized losses, and estimated fair value of the held-to-maturity investments as of April 30, 2019 were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | April 30, 2019 |
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​ | ​
​ | ​ | Amortized | ​ | Unrealized | ​ | Unrealized | ​ | Fair |
​ | ​ | Cost |  | Gains |  | Losses |  | Value |
Municipal securities |  | $ | 5,332 | ​ | $ | 2 | ​ | $ | (1) | ​ | $ | 5,333 | ​
U.S. government securities | ​ |  | 70,609 | ​ | ​ | 78 | ​ | ​ | (52) | ​ | ​ | 70,635 | ​
Corporate bonds | ​ |  | 83,932 | ​ | ​ | 20 | ​ | ​ | (5) | ​ | ​ | 83,947 | ​
Total held-to-maturity investments |  | $ | 159,873 |  | $ | 100 |  | $ | (58) |  | $ | 159,915 | ​
Schedule of amortized cost and fair value by contractual maturity | The amortized cost and fair value of the held-to-maturity securities by contractual maturity at January 25, 2020 were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Cost |  | Fair Value |
Due within one year | ​ | $ | 135,302 | ​ | $ | 135,418 | ​
Due after one year through five years | ​ |  | 21,462 | ​ |  | 21,478 | ​
Total | ​ | $ | 156,764 | ​ | $ | 156,896 | ​

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