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FAIR VALUE (Tables)

6 Months Ended

Jun. 27, 2020

FAIR VALUE

Assets measured at fair value


		June 27, 2020												June 29, 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		$	57		$	3,084		$	—		$	3,141		$	57		$	1,051		$	—		$	1,108
Fixed income funds			247			16,209			—			16,456			2,709			11,222			—			13,931
Equity securities			9,958			—			—			9,958			8,651			—			—			8,651
Alternative investments			—			—			1,836			1,836			—			—			1,829			1,829
Mutual funds:																								—
Domestic stock funds			6,359			—			—			6,359			2,472			—			—			2,472
International stock funds			1,124			—			—			1,124			2,059			—			—			2,059
Target funds			270			—			—			270			266			—			—			266
Bond funds			232			—			—			232			815			—			—			815
Alternative funds			332			—			—			332			1,696			—			—			1,696
Total mutual funds			8,317			—			—			8,317			7,308			—			—			7,308
Total		$	18,579		$	19,293		$	1,836		$	39,708		$	18,725		$	12,273		$	1,829		$	32,827
Assets at fair value		$	18,579		$	19,293		$	1,836		$	39,708		$	18,725		$	12,273		$	1,829		$	32,827

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):


		June 27, 2020
					Unrealized
		Cost			Gain/(Loss)			Fair Value
Fixed Income		$	15,497		$	959		$	16,456
Equity			9,107			850			9,957
Mutual Funds			6,553			849			7,402
Alternative Investments			1,857			(22)			1,835
Total		$	33,014		$	2,636		$	35,650