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Marketable Securities
 12 Months Ended
Apr. 30, 2016
Marketable Securities [Abstract]  
Marketable Securities
Note 3. Marketable Securities

We have a cash management program which provides for the investment of cash balances not used in current operations.  We classify our investments in marketable securities as available-for-sale in accordance with the provisions of ASC 320, Investments – Debt and Equity Securities.  Marketable securities classified as available-for-sale are reported at fair value with unrealized gains or losses, net of tax, reported in accumulated other comprehensive loss.  As it relates to fixed income marketable securities, it is not likely we will be required to sell any of these investments before recovery of the entire amortized cost basis. In addition, as of April 30, 2016, we anticipate we will recover the entire amortized cost basis of such fixed income securities, and we have determined no other-than-temporary impairments associated with credit losses were required to be recognized. The cost of securities sold is based on the specific identification method. Where quoted market prices are not available, we use the market price of similar types of securities traded in the market to estimate fair value.  

As of April 30, 2016 and May 2, 2015, our available-for-sale securities consisted of the following:
 
Amortized Cost
 
Unrealized Gains
 
Unrealized Losses
 
Fair Value
Balance as of April 30, 2016:
 
 
 
 
 
 
 
Certificates of deposit
$
14,927

 
$
—

 
$
—

 
$
14,927

U.S. Government sponsored entities
8,523

 
—

 
(1
)
 
8,522

Municipal bonds
1,221

 
2

 
—

 
1,223

 
$
24,671

 
$
2

 
$
(1
)
 
$
24,672

Balance as of May 2, 2015:
 

 
 

 
 

 
 

Certificates of deposit
$
11,409

 
$
—

 
$
—

 
$
11,409

U.S. Government securities
1,000

 
1

 
—

 
1,001

U.S. Government sponsored entities
7,951

 
—

 
(9
)
 
7,942

Municipal bonds
4,989

 
5

 
—

 
4,994

 
$
25,349

 
$
6

 
$
(9
)
 
$
25,346



Realized gains or losses on investments are recorded in our consolidated statements of operations as other (expense) income, net. Upon the sale of a security classified as available-for-sale, the security’s specific unrealized gain (loss) is reclassified out of accumulated other comprehensive loss into earnings based on the specific identification method. In the fiscal years ended April 30, 2016 and May 2, 2015, the reclassifications from accumulated other comprehensive loss to net assets were immaterial.

All available-for-sale securities are classified as current assets, as they are readily available to support our current operating needs. The contractual maturities of available-for-sale debt securities as of April 30, 2016 were as follows:
 
Less than 12 months
 
1-5 Years
 
Total
Certificates of deposit
$
7,650

 
$
7,277

 
$
14,927

U.S. Government sponsored entities
—

 
8,522

 
8,522

Municipal obligations
—

 
1,223

 
1,223

 
$
7,650

 
$
17,022

 
$
24,672