| Investments |
InvestmentsWe 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 15, Fair Value Measurements). 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) | | 1/28/2023 | | 4/30/2022 | | Short-term investments: | | | | | | Marketable securities | | $ | 10,911 | | | $ | 16,022 | | | Held-to-maturity investments | | 1,404 | | | 1,337 | | | Total short-term investments | | 12,315 | | | 17,359 | | | Long-term investments: | | | | | | Marketable securities | | 19,756 | | | 26,599 | | | Cost basis investments | | 7,579 | | | 7,579 | | | Total long-term investments | | 27,335 | | | 34,178 | | | Total investments | | $ | 39,650 | | | $ | 51,537 | | | | | | | | Investments to enhance returns on cash | | $ | 15,793 | | | $ | 27,239 | | | Investments to fund compensation/retirement plans | | 13,542 | | | 14,219 | | | Other investments | | 10,315 | | | 10,079 | | | Total investments | | $ | 39,650 | | | $ | 51,537 | |
The following is a summary of the unrealized gains, unrealized losses, and fair value by investment type:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1/28/2023 | | 4/30/2022 | | (Unaudited, amounts in thousands) | | Gross
Unrealized
Gains | | Gross
Unrealized
Losses | | Fair Value | | Gross
Unrealized
Gains | | Gross
Unrealized
Losses | | Fair Value | | Equity securities | | $ | 1,316 | | | $ | (94) | | | $ | 14,213 | | | $ | 1,448 | | | $ | (86) | | | $ | 13,905 | | | Fixed income | | 45 | | | (715) | | | 21,201 | | | 28 | | | (809) | | | 33,521 | | | Other | | 1,210 | | | — | | | 4,236 | | | 1,250 | | | — | | | 4,111 | | | Total securities | | $ | 2,571 | | | $ | (809) | | | $ | 39,650 | | | $ | 2,726 | | | $ | (895) | | | $ | 51,537 | |
The following table summarizes sales of marketable securities: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Quarter Ended | | Nine Months Ended | | (Unaudited, amounts in thousands) | | 1/28/2023 | | 1/22/2022 | | 1/28/2023 | | 1/22/2022 | | Proceeds from sales | | $ | 5,514 | | | $ | 7,784 | | | $ | 18,178 | | | $ | 29,437 | | | Gross realized gains | | 3 | | | 142 | | | 52 | | | 696 | | | Gross realized losses | | (81) | | | (20) | | | (207) | | | (356) | |
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) | | 1/28/2023 | | Within one year | | $ | 10,907 | | | Within two to five years | | 7,836 | | | Within six to ten years | | 572 | | | Thereafter | | 1,886 | | | Total | | $ | 21,201 | |
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