Investments

9 Months Ended

Jan. 28, 2023

Investments, Debt and Equity Securities [Abstract]

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