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Investments (Tables)

6 Months Ended

Nov. 01, 2025

Investments

Schedule of investments

Investments consist of the following (in thousands):

​

​	​	​	​	​	​	​	​
​	​	November 1,		​	April 30,		​
​		2025			2025
Short-term investments:	​	​	​	​	​	​	​
Available-for-sale securities:	​	​	​	​	​	​	​
U.S. government securities	​	​	160,928	​	​	—	​
Corporate securities	​	​	68,118	​	​	—	​
Total short-term investments	​	​	229,046	​	​	—	​
Long-term investments:	​	​	​	​	​	​	​
Available-for-sale securities:	​	​	​	​	​	​	​
U.S. government securities	​	​	35,228	​	​	—	​
Equity securities and warrants	​	​	10,055	​	​	1,204	​
Total long-term available-for-sale securities investments	​		45,283	​		1,204	​
Equity method investments	​	​	​	​	​	​	​
Investments in limited partnership funds	​		35,687	​		30,423	​
Total equity method investments	​		35,687	​		30,423	​
Total long-term investments	​	$	80,970	​	$	31,627	​

Schedule of activity related to the 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 as of November 1, 2025 (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

November 1, 2025

​

​

​

​

​

Gross

​

Gross

​

​

​

​

​

Amortized

​

Unrealized

​

Unrealized

​

Fair

​

​

Cost

Gains

​

Losses

​

Value

Corporate securities

​

$

68,185

​

$

—

​

$

(67)

​

$

68,118

U.S. government securities

​

​

196,232

​

​

5

​

​

(81)

​

​

196,156

Total available-for-sale securities

​

$

264,417

​

$

5

​

$

(148)

​

$

264,274

​

Schedule of unrealized gain (loss) recorded

Unrealized gain (loss) recorded (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Three Months Ended

​

Six Months Ended

​

Six Months Ended

​

​

November 1, 2025

​

October 26, 2024

​

November 1, 2025

​

October 26, 2024

Net gain (loss) recognized during the period on equity securities

​

$

6,150

​

$

54

​

$

8,851

​

$

(267)

Less: Net loss recognized during the period on equity securities sold during the period

​

​

—

​

​

—

​

​

—

​

​

—

Unrealized gain (loss) recognized during the period on equity securities still held at the reporting date

​

$

6,150

​

$

54

​

$

8,851

​

$

(267)

​

X

- Definition

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