Investments

3 Months Ended

Jul. 28, 2012

Investments [Abstract]

Investments

Note 4:  Investments

Our consolidated balance sheet at July 28, 2012, included $3.6 million of available-for-sale investments in other current assets and $15.0 million of available-for-sale and other investments in other long-term assets. Available-for sale investments of $10.2 million and trading securities of $1.0 million were included in other long-term assets in our consolidated balance sheet at April 28, 2012. At July 28, 2012, $7.8 million of these investments were to enhance returns on our cash. The remaining investments and all of the fiscal 2012 investments fund future obligations of our non-qualified defined benefit retirement plan and our executive qualified deferred compensation plan. All unrealized gains and losses in the tables below relate to available-for-sale investments and were included in accumulated other comprehensive loss within our consolidated statement of changes in equity because none of them were considered other-than-temporary during fiscal 2013 or fiscal 2012. If there were a decline in the fair value of an investment below its cost and the decline was considered other-than-temporary, the amount of decline below cost would be charged against earnings.

The following is a summary of investments at July 28, 2012, and April 28, 2012:

As of July 28, 2012
(Unaudited, amounts in thousands)	Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Equity securities	$	2,348	$	(108	)	$	6,428
Fixed income		118		(21	)		10,992
Mutual funds		—		—			1,000
Other		—		—			162
Total securities	$	2,466	$	(129	)	$	18,582

As of April 28, 2012
(Unaudited, amounts in thousands)	Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Equity securities	$	2,806	$	(83	)	$	7,237
Fixed income		102		(7	)		2,850
Mutual funds		—		—			950
Other		—		—			163
Total securities	$	2,908	$	(90	)	$	11,200

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

	Quarter Ended
(Unaudited, amounts in thousands)	7/28/12			7/30/11
Proceeds from sales	$	1,428		$	2,160
Gross realized gains		224			395
Gross realized losses		(26	)		(3	)

The fair value of fixed income available-for-sale securities by contractual maturity was $3.6 million within one year, $5.9 million within two to five years, $1.0 million within six to ten years and $0.5 million thereafter.