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Investments
 3 Months Ended
Jul. 27, 2013
Investments [Abstract]  
Investments
Note 4:  Investments

Our consolidated balance sheet at July 27, 2013, included $5.6 million of available-for-sale investments and $2.0 million of trading securities in other current assets and $32.3 million of available-for-sale investments in other long-term assets.  Available-for-sale investments of $10.8 million and trading securities of $1.1 million were included in other current assets and available-for-sale investments of $29.2 million were included in other long-term assets in our consolidated balance sheet at April 27, 2013.  At July 27, 2013, and April 27, 2013, $27.7 million and $29.9 million, respectively, of these investments were to enhance returns on our cash.  The remaining investments were designated to fund future obligations of our non-qualified defined benefit retirement plan and our executive 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 2014 or fiscal 2013.  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 27, 2013, and April 27, 2013:

As of July 27, 2013
 
  
  
 
(Unaudited, amounts in thousands)
 
Gross
Unrealized Gains
  
Gross
Unrealized Losses
  
 
Fair Value
 
Equity securities
 
$
834
  
$
(113
)
 
$
7,247
 
Fixed income
  
97
   
(70
)
  
30,460
 
Mutual funds
  
—
   
—
   
1,983
 
Other
  
1
   
(6
)
  
246
 
Total securities
 
$
932
  
$
(189
)
 
$
39,936
 
 
            
As of April 27, 2013
            
(Unaudited, amounts in thousands)
 
Gross
Unrealized Gains
  
Gross
Unrealized Losses
  
 
Fair Value
 
Equity securities
 
$
296
  
$
(152
)
 
$
6,668
 
Fixed income
  
159
   
(1
)
  
33,076
 
Mutual funds
  
—
   
—
   
1,126
 
Other
  
1
   
(3
)
  
220
 
Total securities
 
$
456
  
$
(156
)
 
$
41,090
 

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

 
 
Quarter Ended
 
(Unaudited, amounts in thousands)
 
7/27/13
  
7/28/12
 
Proceeds from sales
 
$
8,558
  
$
1,428
 
Gross realized gains
  
13
   
224
 
Gross realized losses
  
(36
)
  
(26
)

The fair value of fixed income available-for-sale securities by contractual maturity was $5.6 million within one year, $23.8 million within two to five years, $0.6 million within six to ten years and $0.5 million thereafter.