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Investments | 12 Months Ended
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Apr. 24, 2021
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 (refer to Note 20, Fair Value Measurement). 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:
(Amounts in thousands) |  | 4/24/2021 |  | 4/25/2020
Short-term investments: |  |  |  |
Marketable securities |  | $ | 18,037 |  |  | $ | 18,634 |
Held-to-maturity investments |  | 2,532 |  |  | 3,337 |
Total short-term investments |  | 20,569 |  |  | 21,971 |
Long-term investments: |  |  |  |
Marketable securities |  | 27,256 |  |  | 19,572 |
Cost basis investments |  | 7,579 |  |  | 6,479 |
Total long-term investments |  | 34,835 |  |  | 26,051 |
Total investments |  | $ | 55,404 |  |  | $ | 48,022 |
Investments to enhance returns on cash |  | $ | 32,475 |  |  | $ | 28,622 |
Investments to fund compensation/retirement plans |  | 15,350 |  |  | 12,921 |
Other investments |  | 7,579 |  |  | 6,479 |
Total investments |  | $ | 55,404 |  |  | $ | 48,022 |
The following is a summary of the unrealized gains, unrealized losses, and fair value by investment type:
|  | 4/24/2021 |  | 4/25/2020
(Amounts in thousands) |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
Equity securities |  | $ | 2,798 |  |  | $ | (5) |  |  | $ | 14,954 |  |  | $ | 1,011 |  |  | $ | (6,390) |  |  | $ | 12,692 |
Fixed income |  | 136 |  |  | (29) |  |  | 35,631 |  |  | 268 |  |  | (56) |  |  | 30,213 |
Other |  | 559 |  |  | — |  |  | 4,819 |  |  | 372 |  |  | — |  |  | 5,117 |
Total securities |  | $ | 3,493 |  |  | $ | (34) |  |  | $ | 55,404 |  |  | $ | 1,651 |  |  | $ | (6,446) |  |  | $ | 48,022 |
The following table summarizes sales of marketable securities:
|  | Fiscal Year Ended
|  | (52 weeks) |  | (52 weeks) |  | (52 weeks)
(Amounts in thousands) |  | 4/24/2021 |  | 4/25/2020 |  | 4/27/2019
Proceeds from sales |  | $ | 33,631 |  |  | $ | 36,443 |  |  | $ | 20,944 |
Gross realized gains |  | 1,026 |  |  | 852 |  |  | 1,152 |
Gross realized losses |  | (71) |  |  | (159) |  |  | (496) |
The following is a summary of the fair value of fixed income marketable securities, classified as available-for-sale securities, by contractual maturity:
(Amounts in thousands) |  | 4/24/2021
Within one year |  | $ | 18,069 |
Within two to five years |  | 14,490 |
Within six to ten years |  | 1,268 |
Thereafter |  | 1,804 |
Total |  | $ | 35,631 |

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