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Investments | 3 Months Ended
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Jul. 29, 2023
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. 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) |  | 7/29/2023 |  | 4/29/2023
Short-term investments: |  |  |  |
Marketable securities |  | $ | 7,402 |  |  | $ | 5,043 |
Held-to-maturity investments |  | 1,349 |  |  | 1,351 |
Total short-term investments |  | 8,751 |  |  | 6,394 |
Long-term investments: |  |  |  |
Marketable securities |  | 15,107 |  |  | 18,509 |
Total investments |  | $ | 23,858 |  |  | $ | 24,903 |
Investments to enhance returns on cash |  | $ | 10,646 |  |  | $ | 11,617 |
Investments to fund compensation/retirement plans |  | 13,212 |  |  | 13,286 |
Total investments |  | $ | 23,858 |  |  | $ | 24,903 |
The following is a summary of the unrealized gains, unrealized losses, and fair value by investment type:
|  | 7/29/2023 |  | 4/29/2023
(Unaudited, amounts in thousands) |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
Equity securities |  | $ | 1,890 |  |  | $ | (68) |  |  | $ | 7,446 |  |  | $ | 1,338 |  |  | $ | (103) |  |  | $ | 6,853 |
Fixed income |  | 13 |  |  | (297) |  |  | 12,545 |  |  | 42 |  |  | (620) |  |  | 14,039 |
Other |  | 1,170 |  |  | — |  |  | 3,867 |  |  | 1,171 |  |  | — |  |  | 4,011 |
Total securities |  | $ | 3,073 |  |  | $ | (365) |  |  | $ | 23,858 |  |  | $ | 2,551 |  |  | $ | (723) |  |  | $ | 24,903 |
The following table summarizes sales of marketable securities:
|  | Quarter Ended |  |
(Unaudited, amounts in thousands) |  | 7/29/2023 |  | 7/30/2022 |  |  |  |
Proceeds from sales |  | $ | 12,404 |  |  | $ | 4,246 |  |  |  |  |
Gross realized gains |  | 153 |  |  | 27 |  |  |  |  |
Gross realized losses |  | (459) |  |  | (56) |  |  |  |  |
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) |  | 7/29/2023
Within one year |  | $ | 7,398 |
Within two to five years |  | 1,899 |
Within six to ten years |  | — |
Thereafter |  | 3,248 |
Total |  | $ | 12,545 |

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