Investments

12 Months Ended

Apr. 30, 2022

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 investments of two privately-held companies consisting of non-marketable preferred shares, warrants to purchase common shares, and convertible notes (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)	4/30/2022		4/24/2021
Short-term investments:
Marketable securities	$	16,022	$	18,037
Held-to-maturity investments	1,337		2,532
Total short-term investments	17,359		20,569
Long-term investments:
Marketable securities	26,599		27,256
Cost basis investments	7,579		7,579
Total long-term investments	34,178		34,835
Total investments	$	51,537	$	55,404

Investments to enhance returns on cash	$	27,239	$	32,475
Investments to fund compensation/retirement plans	14,219		15,350
Other investments	10,079		7,579
Total investments	$	51,537	$	55,404

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


	4/30/2022						4/24/2021
(Amounts in thousands)	Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Equity securities	$	1,448	$	(86)	$	13,905	$	2,798	$	(5)	$	14,954
Fixed income	28		(809)		33,521		136		(29)		35,631
Other	1,250		—		4,111		559		—		4,819
Total securities	$	2,726	$	(895)	$	51,537	$	3,493	$	(34)	$	55,404

The following table summarizes sales of marketable securities:


	Fiscal Year Ended
	(53 weeks)		(52 weeks)		(52 weeks)
(Amounts in thousands)	4/30/2022		4/24/2021		4/25/2020
Proceeds from sales	$	35,116	$	33,631	$	36,443
Gross realized gains	879		1,026		852
Gross realized losses	(402)		(71)		(159)

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)	4/30/2022
Within one year	$	16,018
Within two to five years	14,737
Within six to ten years	868
Thereafter	1,898
Total	$	33,521