Investments

12 Months Ended

Apr. 24, 2021

Investments, Debt and Equity Securities [Abstract]

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. We also hold other investments consisting of cost-basis preferred shares of two privately-held start-up companies (refer to Note 20, Fair Value Measurement). 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:


(Amounts in thousands)	4/24/2021		4/25/2020
Short-term investments:
Marketable securities	$	18,037	$	18,634
Held-to-maturity investments	2,532		3,337
Total short-term investments	20,569		21,971
Long-term investments:
Marketable securities	27,256		19,572
Cost basis investments	7,579		6,479
Total long-term investments	34,835		26,051
Total investments	$	55,404	$	48,022

Investments to enhance returns on cash	$	32,475	$	28,622
Investments to fund compensation/retirement plans	15,350		12,921
Other investments	7,579		6,479
Total investments	$	55,404	$	48,022

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


	4/24/2021						4/25/2020
(Amounts in thousands)	Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Equity securities	$	2,798	$	(5)	$	14,954	$	1,011	$	(6,390)	$	12,692
Fixed income	136		(29)		35,631		268		(56)		30,213
Other	559		—		4,819		372		—		5,117
Total securities	$	3,493	$	(34)	$	55,404	$	1,651	$	(6,446)	$	48,022

The following table summarizes sales of marketable securities:


	Fiscal Year Ended
	(52 weeks)		(52 weeks)		(52 weeks)
(Amounts in thousands)	4/24/2021		4/25/2020		4/27/2019
Proceeds from sales	$	33,631	$	36,443	$	20,944
Gross realized gains	1,026		852		1,152
Gross realized losses	(71)		(159)		(496)

The following is a summary of the fair value of fixed income marketable securities, classified as available-for-sale securities, by contractual maturity:


(Amounts in thousands)	4/24/2021
Within one year	$	18,069
Within two to five years	14,490
Within six to ten years	1,268
Thereafter	1,804
Total	$	35,631