Investments

6 Months Ended

Oct. 26, 2024

Investments

Investments

2. Investments

Investments consist of the following (in thousands):

	October 26,		April 30,
	2024		2024
Long-term investments:
Available-for-sale securities:
Equity securities and warrants		760		1,027
Total long-term available-for-sale securities investments		760		1,027
Equity method investments
Investments in limited partnership funds		22,182		19,933
Total equity method investments		22,182		19,933
Total long-term investments	$	22,942	$	20,960

Equity Securities

Equity securities and warrants are measured at fair value with net unrealized gains and losses from changes in the fair value recognized in other expense, net. Unrealized loss recorded (in thousands):

	Three Months Ended		Three Months Ended		Six Months Ended		Six Months Ended
	October 26, 2024		October 28, 2023		October 26, 2024		October 28, 2023
Net losses recognized during the period on equity securities	$	54	$	(2,450)	$	(267)	$	(3,463)
Less: Net loss recognized during the period on equity securities sold during the period		—		—		—		—
Unrealized loss recognized during the period on equity securities still held at the reporting date	$	54	$	(2,450)	$	(267)	$	(3,463)