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Investments

3 Months Ended

Jul. 27, 2024

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)						7/27/2024						4/27/2024
Short-term investments:
Marketable securities						$	3,210					$	5,553
Held-to-maturity investments						1,299						1,259
Total short-term investments						4,509						6,812
Long-term investments:
Marketable securities						10,300						12,690
Total investments						$	14,809					$	19,502
Investments to enhance returns on cash						$	4,473					$	6,754
Investments to fund compensation/retirement plans						10,336						12,748
Total investments						$	14,809					$	19,502

The following is a summary of the unrealized gains, unrealized losses, and fair value by investment type:

						7/27/2024																		4/27/2024
(Unaudited, amounts in thousands)						Gross Unrealized  Gains						Gross Unrealized  Losses						Fair Value						Gross Unrealized  Gains						Gross Unrealized  Losses						Fair Value
Equity securities						$	679					$	—					$	3,808					$	476					$	—					$	3,728
Fixed income						121						(27)						7,254						15						(72)						12,015
Other						690						(13)						3,747						707						(14)						3,759
Total securities						$	1,490					$	(40)					$	14,809					$	1,198					$	(86)					$	19,502

The following table summarizes sales of marketable securities:

						Quarter Ended
(Unaudited, amounts in thousands)						7/27/2024						7/29/2023
Proceeds from sales						$	7,879					$	12,404
Gross realized gains						115						161
Gross realized losses						(35)						(468)

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)						7/27/2024
Within one year						$	3,174
Securities not due at a single maturity date						4,080
Total						$	7,254

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- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 940
-SubTopic 320
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/940-320/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1403
-Paragraph b
-Publisher SEC

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/320/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-10

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Section 50
-Paragraph 6B
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-Publisher FASB
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Section 50
-Paragraph 6B
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
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-SubTopic 320
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/942-320/tableOfContent

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