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Investments | 3 Months Ended
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Jul. 25, 2020
Investments, Debt and Equity Securities [Abstract] |
Investments | 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 consisting of cost-basis preferred shares of two privately held start-up 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. The following summarizes our investments:
(Unaudited, amounts in thousands) |  | 7/25/20 |  | 4/25/20
Short-term investments: |  |  |  |
Marketable securities |  | $ | 9,340 |  |  | $ | 18,634 |
Held-to-maturity investments |  | 2,476 |  |  | 3,337 |
Total short-term investments |  | 11,816 |  |  | 21,971 |
Long-term investments: |  |  |  |
Marketable securities |  | 18,463 |  |  | 19,572 |
Cost basis investments |  | 7,579 |  |  | 6,479 |
Total long-term investments |  | 26,042 |  |  | 26,051 |
Total investments |  | $ | 37,858 |  |  | $ | 48,022 |
Investments to enhance returns on cash |  | $ | 16,494 |  |  | $ | 28,622 |
Investments to fund compensation/retirement plans |  | 13,785 |  |  | 12,921 |
Other investments |  | 7,579 |  |  | 6,479 |
Total investments |  | $ | 37,858 |  |  | $ | 48,022 |
The following is a summary of the unrealized gains, unrealized losses, and fair value by investment type:
|  | 7/25/20 |  | 4/25/20
(Unaudited, amounts in thousands) |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
Equity securities |  | $ | 1,575 |  |  | $ | (19 | ) |  | $ | 14,463 |  |  | $ | 1,011 |  |  | $ | (6,390 | ) |  | $ | 12,692 |
Fixed income |  | 274 |  |  | (7 | ) |  | 19,058 |  |  | 268 |  |  | (56 | ) |  | 30,213 |
Other |  | 399 |  |  | — |  |  | 4,337 |  |  | 372 |  |  | — |  |  | 5,117 |
Total securities |  | $ | 2,248 |  |  | $ | (26 | ) |  | $ | 37,858 |  |  | $ | 1,651 |  |  | $ | (6,446 | ) |  | $ | 48,022 |
The following table summarizes sales of marketable securities:
|  | Quarter Ended
(Unaudited, amounts in thousands) |  | 7/25/20 |  | 7/27/19
Proceeds from sales |  | $ | 13,725 |  |  | $ | 4,060 |
Gross realized gains |  | 126 |  |  | 6 |
Gross realized losses |  | (18 | ) |  | (2 | )
The following is a summary of the fair value of fixed income marketable securities, classified as available-for-sale securities, by contractual maturity:
(Unaudited, amounts in thousands) |  | 7/25/20
Within one year |  | $ | 9,366 |
Within two to five years |  | 6,583 |
Within six to ten years |  | 1,266 |
Thereafter |  | 1,843 |
Total |  | $ | 19,058 |

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- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2209399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2324412 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2176304 + Details
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