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Investments

3 Months Ended

Jul. 27, 2019

Investments

Investments

Note 7: Investments

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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 consisting of cost-basis preferred shares of two privately-held companies. 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.

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The following summarizes our investments at July 27, 2019, and April 27, 2019:

​

​	​	​	​	​	​	​
(Unaudited, amounts in thousands)		7/27/19			4/27/19
Short-term investments:	​	​	​	​	​	​
Marketable securities	​	$	26,002	​	$	18,016
Held-to-maturity investments	​		3,454	​		3,341
Total short-term investments	​		29,456	​		21,357
​	​	​	​	​	​	​
Long-term investments:	​	​	​	​	​	​
Marketable securities	​		21,023	​		24,085
Cost basis investments	​	​	11,979	​	​	11,979
Total long-term investments	​	​	33,002	​	​	36,064
​	​	​	​	​	​	​
Total investments	​	$	62,458	​	$	57,421
​	​	​	​	​	​	​
Investments to enhance returns on cash	​	$	32,884	​	$	31,470
Investments to fund compensation/retirement plans	​	$	17,595	​	$	13,972
Other investments	​	$	11,979	​	$	11,979

​

The following is a summary of the unrealized gains, unrealized losses, and fair value by investment type at July 27, 2019, and April 27, 2019:

​

​	​	​	​	​	​	​	​	​	​
At July 27, 2019	​	​	​	​	​	​	​	​	​
​	​	Gross		​	Gross		​	​
(Unaudited, amounts in thousands)		Unrealized Gains			Unrealized Losses			Fair Value
Equity securities	​	$	2,066	​	$	—	​	$	23,268
Fixed income	​		155	​		(47)	​		34,382
Other	​		324	​		(16)	​		4,808
Total securities	​	$	2,545	​	$	(63)	​	$	62,458

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​	​	​	​	​	​	​	​	​	​
At April 27, 2019	​	​	​	​	​	​	​	​	​
​	​	Gross		​	Gross		​	​
(Unaudited, amounts in thousands)		Unrealized Gains			Unrealized Losses			Fair Value
Equity securities	​	$	1,841	​	$	—	​	$	19,535
Fixed income	​		75	​		(111)	​		33,217
Other	​		258	​		(13)	​		4,669
Total securities	​	$	2,174	​	$	(124)	​	$	57,421

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The following table summarizes sales of marketable securities:

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​	​	​	​	​	​	​
​	​	Quarter Ended
(Unaudited, amounts in thousands)		7/27/19			7/28/18
Proceeds from sales	​	$	4,060	​	$	4,762
Gross realized gains	​		6	​		75
Gross realized losses	​		(2)	​		(55)

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At July 27, 2019, the fair value of fixed income marketable securities, classified as available-for-sale securities, by contractual maturity was $22.6 million within one year, $9.4 million within two to five years, $1.6 million within six to ten years, and $0.8 million thereafter.

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

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