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Investments | 9 Months Ended
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Jan. 23, 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. 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) |  | 1/23/21 |  | 4/25/20
Short-term investments: |  |  |  |
Marketable securities |  | $ | 17,586 |  |  | $ | 18,634 |
Held-to-maturity investments |  | 2,643 |  |  | 3,337 |
Total short-term investments |  | 20,229 |  |  | 21,971 |
Long-term investments: |  |  |  |
Marketable securities |  | 25,243 |  |  | 19,572 |
Cost basis investments |  | 7,579 |  |  | 6,479 |
Total long-term investments |  | 32,822 |  |  | 26,051 |
Total investments |  | $ | 53,051 |  |  | $ | 48,022 |
Investments to enhance returns on cash |  | $ | 30,553 |  |  | $ | 28,622 |
Investments to fund compensation/retirement plans |  | 14,919 |  |  | 12,921 |
Other investments |  | 7,579 |  |  | 6,479 |
Total investments |  | $ | 53,051 |  |  | $ | 48,022 |
The following is a summary of the unrealized gains, unrealized losses, and fair value by investment type:
|  | 1/23/21 |  | 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 |  | $ | 2,671 |  |  | $ | — |  |  | $ | 15,492 |  |  | $ | 1,011 |  |  | $ | (6,390) |  |  | $ | 12,692 |
Fixed income |  | 182 |  |  | (19) |  |  | 32,932 |  |  | 268 |  |  | (56) |  |  | 30,213 |
Other |  | 604 |  |  | — |  |  | 4,627 |  |  | 372 |  |  | — |  |  | 5,117 |
Total securities |  | $ | 3,457 |  |  | $ | (19) |  |  | $ | 53,051 |  |  | $ | 1,651 |  |  | $ | (6,446) |  |  | $ | 48,022 |
The following table summarizes sales of marketable securities:
|  | Quarter Ended |  | Nine Months Ended
(Unaudited, amounts in thousands) |  | 1/23/21 |  | 1/25/20 |  | 1/23/21 |  | 1/25/20
Proceeds from sales |  | $ | 6,807 |  |  | $ | 11,517 |  |  | $ | 23,824 |  |  | $ | 23,887 |
Gross realized gains |  | 169 |  |  | 431 |  |  | 479 |  |  | 618 |
Gross realized losses |  | (15) |  |  | (62) |  |  | (41) |  |  | (150) |
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) |  | 1/23/21
Within one year |  | $ | 17,678 |
Within two to five years |  | 12,472 |
Within six to ten years |  | 1,114 |
Thereafter |  | 1,668 |
Total |  | $ | 32,932 |

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