2. Investments Investments consist of the following (in thousands): | | | | | | | | | | July 27, | | April 30, | | | | 2024 | | 2024 | | Long-term investments: | | | | | | | | Available-for-sale securities: | | | | | | | | Equity securities and warrants | | | 706 | | | 1,027 | | Total long-term available-for-sale securities investments | | | 706 | | | 1,027 | | Equity method investments | | | | | | | | Investments in limited partnership funds | | | 21,181 | | | 19,933 | | Total equity method investments | | | 21,181 | | | 19,933 | | Total long-term investments | | $ | 21,887 | | $ | 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 | | | July 27, 2024 | | July 29, 2023 | Net losses recognized during the period on equity securities | | $ | (321) | | $ | (1,013) | 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 | | $ | (321) | | $ | (1,013) |
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