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Investments | 9 Months Ended
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Jan. 25, 2025
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) |  | 1/25/2025 |  | 4/27/2024
Short-term investments: |  |  |  |
Marketable securities |  | $ | 11 |  |  | $ | 5,553 |
Held-to-maturity investments |  | 2,594 |  |  | 1,259 |
Total short-term investments |  | 2,605 |  |  | 6,812 |
Long-term investments: |  |  |  |
Marketable securities |  | 12,508 |  |  | 12,690 |
Total investments |  | $ | 15,113 |  |  | $ | 19,502 |
Investments to enhance returns on cash |  | $ | 2,594 |  |  | $ | 6,754 |
Investments to fund compensation/retirement plans |  | 12,519 |  |  | 12,748 |
Total investments |  | $ | 15,113 |  |  | $ | 19,502 |
The following is a summary of the unrealized gains, unrealized losses, and fair value by investment type:
|  | 1/25/2025 |  | 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 |  | $ | 804 |  |  | $ | — |  |  | $ | 3,713 |  |  | $ | 476 |  |  | $ | — |  |  | $ | 3,728 |
Fixed income |  | 79 |  |  | (89) |  |  | 6,257 |  |  | 15 |  |  | (72) |  |  | 12,015 |
Other |  | 392 |  |  | (19) |  |  | 5,143 |  |  | 707 |  |  | (14) |  |  | 3,759 |
Total securities |  | $ | 1,275 |  |  | $ | (108) |  |  | $ | 15,113 |  |  | $ | 1,198 |  |  | $ | (86) |  |  | $ | 19,502 |
The following table summarizes sales of marketable securities:
|  | Quarter Ended |  | Nine Months Ended
(Unaudited, amounts in thousands) |  | 1/25/2025 |  | 1/27/2024 |  | 1/25/2025 |  | 1/27/2024
Proceeds from sales |  | $ | 1,490 |  |  | $ | 1,381 |  |  | $ | 11,715 |  |  | $ | 21,849 |
Gross realized gains |  | 85 |  |  | 33 |  |  | 518 |  |  | 1,909 |
Gross realized losses |  | — |  |  | — |  |  | (35) |  |  | (740) |
As of January 25, 2025, we held $6.3 million of fixed income marketable securities, classified as available-for-sale securities, all of which do not have a single contractual maturity date.

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