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Investments | 6 Months Ended
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Oct. 26, 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) |  | 10/26/2024 |  | 4/27/2024
Short-term investments: |  |  |  |
Marketable securities |  | $ | 1,031 |  |  | $ | 5,553 |
Held-to-maturity investments |  | 1,384 |  |  | 1,259 |
Total short-term investments |  | 2,415 |  |  | 6,812 |
Long-term investments: |  |  |  |
Marketable securities |  | 12,780 |  |  | 12,690 |
Total investments |  | $ | 15,195 |  |  | $ | 19,502 |
Investments to enhance returns on cash |  | $ | 2,379 |  |  | $ | 6,754 |
Investments to fund compensation/retirement plans |  | 12,816 |  |  | 12,748 |
Total investments |  | $ | 15,195 |  |  | $ | 19,502 |
The following is a summary of the unrealized gains, unrealized losses, and fair value by investment type:
|  | 10/26/2024 |  | 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 |  | $ | 837 |  |  | $ | — |  |  | $ | 3,892 |  |  | $ | 476 |  |  | $ | — |  |  | $ | 3,728 |
Fixed income |  | 129 |  |  | (58) |  |  | 7,445 |  |  | 15 |  |  | (72) |  |  | 12,015 |
Other |  | 393 |  |  | (16) |  |  | 3,858 |  |  | 707 |  |  | (14) |  |  | 3,759 |
Total securities |  | $ | 1,359 |  |  | $ | (74) |  |  | $ | 15,195 |  |  | $ | 1,198 |  |  | $ | (86) |  |  | $ | 19,502 |
The following table summarizes sales of marketable securities:
|  | Quarter Ended |  | Six Months Ended
(Unaudited, amounts in thousands) |  | 10/26/2024 |  | 10/28/2023 |  | 10/26/2024 |  | 10/28/2023
Proceeds from sales |  | $ | 2,346 |  |  | $ | 8,064 |  |  | $ | 10,225 |  |  | $ | 20,468 |
Gross realized gains |  | 318 |  |  | 1,715 |  |  | 433 |  |  | 1,876 |
Gross realized losses |  | — |  |  | (272) |  |  | (35) |  |  | (740) |
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) |  | 10/26/2024
Within one year |  | $ | 994 |
Securities not due at a single maturity date |  | 6,451 |
Total |  | $ | 7,445 |

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