XML 47 R11.htm IDEA: XBRL DOCUMENT v2.4.0.8
Investments
 9 Months Ended
Jan. 25, 2014
Investments [Abstract]  
Investments
Note 4:  Investments

Our consolidated balance sheet at January 25, 2014, included $10.5 million of available-for-sale investments and $1.6 million of trading securities in other current assets and $41.9 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 January 25, 2014, and April 27, 2013, $37.9 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.  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 January 25, 2014, and April 27, 2013:

 (Unaudited, amounts in thousands)
 
Gross
Unrealized Gains
  
Gross
Unrealized Losses
  
 
Fair Value
 
Equity securities
 
$
1,121
  
$
(66
)
 
$
8,073
 
Fixed income
  
172
   
(509
)
  
44,192
 
Mutual funds
  
—
   
—
   
1,604
 
Other
  
1
   
(10
)
  
114
 
Total securities
 
$
1,294
  
$
(585
)
 
$
53,983
 
 
            
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:

 
 
Third Quarter Ended
  
Nine Months Ended
 
(Unaudited, amounts in thousands)
 
1/25/14
  
1/26/13
  
1/25/14
  
1/26/13
 
Proceeds from sales
 
$
9,778
  
$
6,973
  
$
27,974
  
$
11,881
 
Gross realized gains
  
775
   
2,163
   
820
   
3,008
 
Gross realized losses
  
(473
)
  
(106
)
  
(538
)
  
(142
)

The fair value of fixed income available-for-sale securities by contractual maturity was $10.5 million within one year, $31.3 million within two to five years, $1.8 million within six to ten years and $0.6 million thereafter.