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FAIR VALUE (Tables)

3 Months Ended

Mar. 28, 2020

FAIR VALUE

Assets measured at fair value


		March 28, 2020												March 30, 2019
		Quoted			Prices with									Quoted			Prices with
		Prices in			Other				Prices with					Prices in			Other				Prices with
		Active			Observable				Unobservable					Active			Observable				Unobservable
		Markets			Inputs				Inputs					Markets			Inputs				Inputs
(in thousands)		(Level 1)			(Level 2)				(Level 3)		Total			(Level 1)			(Level 2)				(Level 3)		Total
Money market funds		$	29,561		$	837		$	—		$	30,398		$	56		$	549		$	—		$	605
Fixed income funds			237			15,124			—			15,361			3,860			9,763			—			13,623
Equity securities			9,089			—			—			9,089			8,258			—			—			8,258
Alternative investments			—			—			1,960			1,960			—			—			1,782			1,782
Mutual funds:																								—
Domestic stock funds			5,204			—			—			5,204			2,151			—			—			2,151
International stock funds			947			—			—			947			2,085			—			—			2,085
Target funds			242			—			—			242			257			—			—			257
Bond funds			222			—			—			222			799			—			—			799
Alternative funds			921			—			—			921			1,344			—			—			1,344
Total mutual funds			7,536			—			—			7,536			6,636			—			—			6,636
Total		$	46,423		$	15,961		$	1,960		$	64,344		$	18,810		$	10,312		$	1,782		$	30,904
Assets at fair value		$	46,423		$	15,961		$	1,960		$	64,344		$	18,810		$	10,312		$	1,782		$	30,904

Available for sale investment portfolio

Ardellis’ available for sale investment portfolio, including funds held with the State of Michigan, consists of the following (in thousands):


		March 28, 2020
					Unrealized
		Cost			Gain/(Loss)			Fair Value
Fixed Income		$	1,834		$	126		$	1,960
Equity			15,257			104			15,361
Mutual Funds			9,690			(601)			9,089
Alternative Investments			7,298			(569)			6,729
Total		$	34,079		$	(940)		$	33,139