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FAIR VALUE (Tables)

9 Months Ended

Sep. 26, 2020

FAIR VALUE

Assets measured at fair value


		September 26, 2020												September 28, 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		$	64		$	3,133		$	—		$	3,197		$	56,781		$	843		$	—		$	57,624
Fixed income funds			248			16,522			—			16,770			733			14,566			—			15,299
Equity securities			10,524			—			—			10,524			8,840			—			—			8,840
Alternative investments			—			—			1,926			1,926			—			—			1,895			1,895
Mutual funds:
Domestic stock funds			6,826			—			—			6,826			2,630			—			—			2,630
International stock funds			1,243			—			—			1,243			2,054			—			—			2,054
Target funds			260			—			—			260			268			—			—			268
Bond funds			208			—			—			208			825			—			—			825
Alternative funds			433			—			—			433			1,531			—			—			1,531
Total mutual funds			8,970			—			—			8,970			7,308			—			—			7,308
Total		$	19,806		$	19,655		$	1,926		$	41,387		$	73,662		$	15,409		$	1,895		$	90,966
Assets at fair value		$	19,806		$	19,655		$	1,926		$	41,387		$	73,662		$	15,409		$	1,895		$	90,966

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):


		September 26, 2020									September 28, 2019
					Unrealized									Unrealized
		Cost			Gain/(Loss)			Fair Value			Cost			Gain/(Loss)			Fair Value
Fixed Income		$	15,750		$	1,020		$	16,770		$	14,969		$	330		$	15,299
Equity			9,121			1,403			10,524			7,584			1,256			8,840
Mutual Funds			7,228			852			8,080			6,391			(98)			6,293
Alternative Investments			1,881			45			1,926			1,790			105			1,895
Total		$	33,980		$	3,320		$	37,300		$	30,734		$	1,593		$	32,327