Investments

6 Months Ended

Oct. 29, 2016

Investments

Investments

Note 4: Investments

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. 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 at October 29, 2016, and April 30, 2016:

(Unaudited, amounts in thousands)	10/29/16		4/30/16
Short-term investments:
Available-for-sale investments	$	13,615	$	13,491
Trading securities	434		—
Held-to-maturity investments	1,815		1,826
Total short-term investments	15,864		15,317
Long-term investments:
Available-for-sale investments	29,654		31,659
Cost basis investment	5,500		—
Total long-term investments	35,154		31,659
Total investments	$	51,018	$	46,976
Investments to enhance returns on cash	$	31,179	$	33,583
Investments to fund compensation/retirement plans	$	13,589	$	13,393
Other investments	$	6,250	$	—

The following is a summary of the unrealized gains, unrealized losses, and fair value by investment type at October 29, 2016, and April 30, 2016:

At October 29, 2016

(Unaudited, amounts in thousands)	Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Equity securities	$	1,400	$	(126	)	$	13,837
Fixed income	110		(39		)	34,293
Mutual funds	—		—			434
Other	1		(12		)	2,454
Total securities	$	1,511	$	(177	)	$	51,018

At April 30, 2016

(Unaudited, amounts in thousands)	Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Equity securities	$	1,231	$	(135	)	$	8,150
Fixed income	176		(9		)	36,527
Other	1		(21		)	2,299
Total securities	$	1,408	$	(165	)	$	46,976

The following table summarizes sales of available-for-sale securities:

	Quarter Ended						Six Months Ended
(Unaudited, amounts in thousands)	10/29/16			10/24/15			10/29/16			10/24/15
Proceeds from sales	$	6,087		$	6,426		$	9,757		$	19,409
Gross realized gains	16			26			47			703
Gross realized losses	(2		)	(33		)	(38		)	(539		)

The fair value of fixed income available-for-sale securities by contractual maturity was $13.9 million within one year, $18.9 million within two to five years, $1.2 million within six to ten years, and $0.3 million thereafter.