Note 4: Investments

Included in other long-term assets in our consolidated balance sheet were available-for-sale investments of $10.1 million and trading securities of $1.4 million at October 29, 2011, and available-for-sale investments of $11.2 million and trading securities of $1.8 million at April 30, 2011. These investments fund future obligations of our non-qualified retirement plan and our executive qualified deferred compensation plan. All unrealized gains or losses in the table below related to available-for-sale investments and were included in accumulated other comprehensive income/(loss) within our consolidated statement of changes in equity because we did not have any unrealized gains or losses which were considered other-than-temporary during fiscal 2012 or fiscal 2011. If there was a decline in the fair value of an investment below its cost and the decline was considered other-than-temporary, the amount of decline below cost would be charged to earnings.

The following is a summary of investments at October 29, 2011, and April 30, 2011:

As of October 29, 2011
(Unaudited, amounts in thousands)	Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Equity securities	$	2,271	$	(52	)	$	6,641
Fixed income		106		(13	)		3,307
Mutual funds		0		0			1,394
Other		1		0			155
Total securities	$	2,378	$	(65	)	$	11,497

As of April 30, 2011
(Unaudited, amounts in thousands)	Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Equity securities	$	3,286	$	(10	)	$	8,010
Fixed income		81		(9	)		3,009
Mutual funds		0		0			1,837
Other		0		0			155
Total securities	$	3,367	$	(19	)	$	13,011

The following table summarizes sales of available-for-sale securities:

	Second Quarter Ended						Six Months Ended
(Unaudited, amounts in thousands)	10/29/11			10/23/10			10/29/11			10/23/10
Proceeds from sales	$	1,050		$	1,768		$	3,210		$	3,905
Gross realized gains		52			71			447			218
Gross realized losses		(24	)		(2	)		(27	)		(37	)

The fair value of fixed income available-for-sale securities by contractual maturity was $0.1 million within one year, $1.2 million within two to five years, $1.2 million within six to ten years and $0.8 million thereafter.