Investments

12 Months Ended

Apr. 25, 2015

Investments

Investments

Note 7: Investments

Our consolidated balance sheet at April 25, 2015, included $16.8 million of available-for-sale investments and $1.1 million of trading securities in other current assets and $43.3 million of available-for-sale investments in other long-term assets. Available-for-sale investments of $15.9 million and trading securities of $1.8 million were included in other current assets, and available-for-sale investments of $43.2 million were included in other long-term assets in our consolidated balance sheet at April 26, 2014. At April 25, 2015, and April 26, 2014, $45.5 million and $44.7 million, respectively, of these investments were to enhance returns on our cash. We designated the remaining investments to fund future obligations of our non-qualified defined benefit retirement plan, our executive deferred compensation plan, and our performance compensation retirement plan.

The following is a summary of investments at April 25, 2015, and April 26, 2014:

Fiscal 2015

(Amounts in thousands)	Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Equity securities	$	2,014	$	(78	)	$	9,251
Fixed income		224		(14	)		50,358
Mutual funds		—		—			1,127
Other		1		(22	)		459
Total securities	$	2,239	$	(114	)	$	61,195

Fiscal 2014

(Amounts in thousands)	Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Equity securities	$	1,246	$	(52	)	$	8,216
Fixed income		166		(44	)		50,510
Mutual funds		—		—			1,787
Other		1		(10	)		425
Total securities	$	1,413	$	(106	)	$	60,938

The following table summarizes sales of available-for-sale securities (for the fiscal years ended):

(Amounts in thousands)	4/25/2015			4/26/2014			4/27/2013
Proceeds from sales	$	33,750		$	34,557		$	18,662
Gross realized gains		285			857			4,486
Gross realized losses		(74	)		(559	)		(1,316	)

The fair value of fixed income available-for-sale securities by contractual maturity was $16.9 million within one year, $32.0 million within two to five years, $1.3 million within six to ten years and $0.2 million thereafter.