Note 4: Investments

We have current and long-term investments intended to enhance returns on our cash as well as to fund future obligations of our non-qualified defined benefit retirement plan, our executive deferred compensation plan, and our performance compensation retirement plan. We also hold other investments. Our short-term investments are included in other current assets and our long-term investments are included in other long-term assets on our consolidated balance sheet. The following summarizes our investments at January 28, 2017, and April 30, 2016:

(Unaudited, amounts in thousands)	1/28/17		4/30/16
Short-term investments:
Available-for-sale investments	$	13,854	$	13,491
Trading securities	10		—
Held-to-maturity investments	1,830		1,826

Total short-term investments	15,694		15,317

Long-term investments:
Available-for-sale investments	28,451		31,659
Cost basis investment	5,500		—

Total long-term investments	33,951		31,659


Total investments	$	49,645	$	46,976


Investments to enhance returns on cash	$	29,859	$	33,583
Investments to fund compensation/retirement plans	$	13,536	$	13,393
Other investments	$	6,250	$	—

The following is a summary of the unrealized gains, unrealized losses, and fair value by investment type at January 28, 2017, and April 30, 2016:

At January 28, 2017

(Unaudited, amounts in thousands)	Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Equity securities	$	1,467	$	(98	)	$	13,257
Fixed income	62		(118		)	33,972
Mutual funds	—		—			10
Other	1		(8		)	2,406

Total securities	$	1,530	$	(224	)	$	49,645

At April 30, 2016

(Unaudited, amounts in thousands)	Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Equity securities	$	1,231	$	(135	)	$	8,150
Fixed income	176		(9		)	36,527
Other	1		(21		)	2,299

Total securities	$	1,408	$	(165	)	$	46,976

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

	Quarter Ended						Nine Months Ended
(Unaudited, amounts in thousands)	1/28/17			1/23/16			1/28/17			1/23/16
Proceeds from sales	$	4,142		$	4,487		$	13,899		$	23,896
Gross realized gains	866			267			913			970
Gross realized losses	(366		)	(18		)	(404		)	(557		)

The fair value of fixed income available-for-sale securities by contractual maturity was $14.1 million within one year, $18.3 million within two to five years, $1.3 million within six to ten years, and $0.3 million thereafter.