Investments

3 Months Ended

Jul. 28, 2018

Investments

Investments

Note 5: 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 consisting of cost-basis preferred shares of two privately-held companies. 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 July 28, 2018, and April 28, 2018:

(Unaudited, amounts in thousands)	7/28/18		4/28/18
Short-term investments:
Marketable securities	$	12,444	$	12,926
Held-to-maturity investments	3,038		3,340
Total short-term investments	15,482		16,266
Long-term investments:
Marketable securities	30,326		32,134
Cost basis investments	10,954		10,954
Total long-term investments	41,280		43,088
Total investments	$	56,762	$	59,354
Investments to enhance returns on cash	$	31,565	$	34,359
Investments to fund compensation/retirement plans	$	14,243	$	14,041
Other investments	$	10,954	$	10,954

The following is a summary of the unrealized gains, unrealized losses, and fair value by investment type at July 28, 2018, and April 28, 2018:

At July 28, 2018

(Unaudited, amounts in thousands)	Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Equity securities	$	2,462	$	(44	)	$	19,038
Fixed income	29		(366		)	33,587
Other	169		(13		)	4,137
Total securities	$	2,660	$	(423	)	$	56,762

At April 28, 2018

(Unaudited, amounts in thousands)	Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Equity securities	$	2,142	$	(39	)	$	18,765
Fixed income	29		(418		)	36,312
Other	72		—			4,277
Total securities	$	2,243	$	(457	)	$	59,354

The following table summarizes sales of marketable securities:

	Quarter Ended
(Unaudited, amounts in thousands)	7/28/18			7/29/17
Proceeds from sales	$	4,762		$	5,857
Gross realized gains	75			402
Gross realized losses	(55		)	(221		)

At July 28, 2018, the fair value of fixed income marketable securities, which are classified as available-for-sale securities, by contractual maturity was $12.5 million within one year, $18.9 million within two to five years, $1.2 million within six to ten years, and $1.0 million thereafter.