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Investments

9 Months Ended

Jan. 28, 2023

Investments

Investments

3. Investments

​

Investments consist of the following (in thousands):

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​	​	​	​	​	​	​	​
​	​	January 28,		​	April 30,		​
​		2023			2022
Short-term investments:	​	​	​	​	​	​	​
Available-for-sale securities:	​	​	​	​	​	​	​
Municipal securities	​	​	—	​	​	19,725	​
U.S. government securities	​	​	—	​	​	4,991	​
Total short-term investments	​	$	—	​	$	24,716	​
Long-term investments:	​	​	​	​	​	​	​
Available-for-sale securities:	​	​	​	​	​	​	​
Equity securities and warrants	​	​	3,302	​	​	—	​
Total long-term available-for-sale securities investments	​		3,302	​		—	​
Equity method investments	​	​	​	​	​	​	​
Investments in limited partnership funds	​		16,017	​		15,433	​
Total equity method investments	​		16,017	​		15,433	​
Total long-term investments	​	$	19,319	​	$	15,433	​

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Available-For-Sale Securities

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Debt Securities

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As of April 30, 2022, the balance of available-for-sale debt securities consisted of state and local government municipal securities, U.S. government securities and U.S. government agency securities. Interest earned from these investments is recorded in interest expense, net. Realized gains on sales of these investments on the basis of specific identification are recorded in interest expense, net. As of January 28, 2023, the Company held no available-for-sale debt securities.

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The following table is a summary of the activity related to the available-for-sale debt securities recorded in short-term investments as of April 30, 2022, respectively (in thousands):

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April 30, 2022

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​

​

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Gross

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Gross

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Amortized

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Unrealized

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Unrealized

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Fair

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Cost

Gains

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Losses

Value

Municipal securities

$

19,756

​

$

—

​

$

(31)

​

$

19,725

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U.S. government securities

​

4,995

​

​

—

​

​

(4)

​

​

4,991

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Total available-for-sale debt securities

$

24,751

$

—

​

$

(35)

$

24,716

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Equity Securities

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Equity securities and warrants are measured at fair value with net unrealized gains and losses from changes in the fair value recognized in other (expense) income, net.

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​	​	​	​	​	​	​
​	​	Three Months			Nine Months
​	​	Ended			Ended
​		January 28,			January 28,
​	​	2023			2023
Net loss recognized during the period on equity securities	​	$	(2,726)	​	$	(1,798)
Less: Net loss recognized during the period on equity securities sold during the period	​	​	—	​	​	—
Unrealized loss recognized during the period on equity securities still held at the reporting date	​	$	(2,726)	​	$	(1,798)

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X

- References

No definition available.

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- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 320
-URI https://asc.fasb.org/subtopic&trid=2209399

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 320
-URI https://asc.fasb.org/subtopic&trid=2324412

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-URI https://asc.fasb.org/topic&trid=2196928

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 320
-URI https://asc.fasb.org/subtopic&trid=2176304

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1403
-Paragraph (b)

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