Note 5: Investments

Included in other long-term assets in our consolidated balance sheet were available-for-sale investments of $10.2 million and trading securities of $1.0 million at April 28, 2012 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 defined benefit retirement plan and our executive qualified deferred compensation plan. All unrealized gains or losses in the table below relate to available-for-sale investments and were included in accumulated other comprehensive 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 were a decline in fair value of an investment below its costs and the decline was considered other-than-temporary, the amount of decline below cost would be charged against earnings.

The following is a summary of investments at April 28, 2012, and April 30, 2011:

Fiscal 2012
(Amounts in thousands)	Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Equity securities	$	2,806	$	(83	)	$	7,237
Fixed income		102		(7	)		2,850
Mutual funds		—		—			950
Other		—		—			163
Total securities	$	2,908	$	(90	)	$	11,200

Fiscal 2011
(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		—		—			1,837
Other		—		—			155
Total securities	$	3,367	$	(19	)	$	13,011

The following table summarizes sales of available-for-sale securities (for the fiscal years ended):


(Amounts in thousands)	4/28/2012			4/30/2011			4/24/2010
Proceeds from sales	$	5,622		$	7,448		$	6,811
Gross realized gains		573			592			285
Gross realized losses		(54	)		(63	)		(184	)

The fair value of fixed income available-for-sale securities by contractual maturity was $1.2 million within two to five years, $1.1 million within six to ten years and $0.6 million thereafter.