XML 24 R14.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Investments | 6 Months Ended
--- | ---
Oct. 29, 2022
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 investments of two privately-held companies consisting of non-marketable preferred shares, warrants to purchase common shares, and convertible notes (refer to Note 15, Fair Value Measurements). 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) |  | 10/29/2022 |  | 4/30/2022
Short-term investments: |  |  |  |
Marketable securities |  | $ | 10,740 |  |  | $ | 16,022 |
Held-to-maturity investments |  | 1,213 |  |  | 1,337 |
Total short-term investments |  | 11,953 |  |  | 17,359 |
Long-term investments: |  |  |  |
Marketable securities |  | 22,662 |  |  | 26,599 |
Cost basis investments |  | 7,579 |  |  | 7,579 |
Total long-term investments |  | 30,241 |  |  | 34,178 |
Total investments |  | $ | 42,194 |  |  | $ | 51,537 |
Investments to enhance returns on cash |  | $ | 18,997 |  |  | $ | 27,239 |
Investments to fund compensation/retirement plans |  | 13,118 |  |  | 14,219 |
Other investments |  | 10,079 |  |  | 10,079 |
Total investments |  | $ | 42,194 |  |  | $ | 51,537 |
The following is a summary of the unrealized gains, unrealized losses, and fair value by investment type:
|  | 10/29/2022 |  | 4/30/2022
(Unaudited, amounts in thousands) |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
Equity securities |  | $ | 1,105 |  |  | $ | (94) |  |  | $ | 13,669 |  |  | $ | 1,448 |  |  | $ | (86) |  |  | $ | 13,905 |
Fixed income |  | 22 |  |  | (1,072) |  |  | 24,584 |  |  | 28 |  |  | (809) |  |  | 33,521 |
Other |  | 1,210 |  |  | — |  |  | 3,941 |  |  | 1,250 |  |  | — |  |  | 4,111 |
Total securities |  | $ | 2,337 |  |  | $ | (1,166) |  |  | $ | 42,194 |  |  | $ | 2,726 |  |  | $ | (895) |  |  | $ | 51,537 |
The following table summarizes sales of marketable securities:
|  | Quarter Ended |  | Six Months Ended
(Unaudited, amounts in thousands) |  | 10/29/2022 |  | 10/23/2021 |  | 10/29/2022 |  | 10/23/2021
Proceeds from sales |  | $ | 8,418 |  |  | $ | 11,938 |  |  | $ | 12,664 |  |  | $ | 21,653 |
Gross realized gains |  | 22 |  |  | 287 |  |  | 49 |  |  | 554 |
Gross realized losses |  | (70) |  |  | (325) |  |  | (126) |  |  | (336) |
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) |  | 10/29/2022
Within one year |  | $ | 10,736 |
Within two to five years |  | 11,336 |
Within six to ten years |  | 586 |
Thereafter |  | 1,926 |
Total |  | $ | 24,584 |

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://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 https://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 https://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 https://asc.fasb.org/subtopic&trid=2176304 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph (b) + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration