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FAIR VALUE (Tables) | 3 Months Ended
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Mar. 27, 2021
FAIR VALUE |
Assets measured at fair value | Assets measured at fair value are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 27, 2021 | ​ | March 28, 2020
​ | ​ | 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 | ​ | ​ | ​
​ |  | (Level 1) |  | (Level 2) |  | ​ | (Level 3) | ​ | Total |  | (Level 1) |  | (Level 2) |  | ​ | (Level 3) |  | Total
Money market funds | ​ | $ | 19 |  | $ | 1,127 | ​ | $ | — |  | $ | 1,146 |  | $ | 29,561 |  | $ | 837 | ​ | $ | — |  | $ | 30,398
Fixed income funds | ​ |  | 244 | ​ |  | 16,264 | ​ | ​ | — |  |  | 16,508 | ​ |  | 237 | ​ |  | 15,124 | ​ | ​ | — |  |  | 15,361
Equity securities | ​ |  | 18,496 | ​ |  | — | ​ | ​ | — |  |  | 18,496 | ​ |  | 9,089 | ​ |  | — | ​ | ​ | — |  |  | 9,089
Alternative investments | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 2,126 | ​ | ​ | 2,126 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,960 | ​ | ​ | 1,960
Mutual funds: | ​ | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​
Domestic stock funds | ​ |  | 9,388 | ​ |  | — | ​ | ​ | — |  |  | 9,388 | ​ |  | 5,204 | ​ |  | — | ​ | ​ | — |  |  | 5,204
International stock funds | ​ |  | 1,395 | ​ |  | — | ​ | ​ | — |  |  | 1,395 | ​ |  | 947 | ​ |  | — | ​ | ​ | — |  |  | 947
Target funds | ​ |  | 21 | ​ |  | — | ​ | ​ | — |  |  | 21 | ​ |  | 242 | ​ |  | — | ​ | ​ | — |  |  | 242
Bond funds | ​ |  | 145 | ​ |  | — | ​ | ​ | — |  |  | 145 | ​ |  | 222 | ​ |  | — | ​ | ​ | — |  |  | 222
Alternative funds | ​ | ​ | 496 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 496 | ​ | ​ | 921 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 921
Total mutual funds | ​ |  | 11,445 | ​ |  | — | ​ | ​ | — |  |  | 11,445 | ​ |  | 7,536 | ​ |  | — | ​ | ​ | — |  |  | 7,536
Total | ​ | $ | 30,204 | ​ | $ | 17,391 | ​ | $ | 2,126 | ​ | $ | 49,721 | ​ | $ | 46,423 | ​ | $ | 15,961 | ​ | $ | 1,960 | ​ | $ | 64,344
Assets at fair value | ​ | $ | 30,204 | ​ | $ | 17,391 | ​ | $ | 2,126 |  | $ | 49,721 | ​ | $ | 46,423 | ​ | $ | 15,961 | ​ | $ | 1,960 |  | $ | 64,344
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 27, 2021 | ​ | March 28, 2020
​ | ​ | ​ | ​ | ​ | Unrealized | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Unrealized | ​ | ​ | ​
​ |  | Cost |  | Gain/(Loss) |  | Fair Value |  | Cost |  | Gain/(Loss) |  | Fair Value
Fixed Income | ​ | $ | 15,867 |  | $ | 642 |  | $ | 16,509 | ​ | $ | 15,257 |  | $ | 104 |  | $ | 15,361
Equity | ​ |  | 14,664 | ​ |  | 3,832 |  |  | 18,496 | ​ |  | 9,690 | ​ |  | (601) |  |  | 9,089
Mutual Funds | ​ | ​ | 8,769 | ​ | ​ | 2,049 |  | ​ | 10,818 | ​ | ​ | 7,298 | ​ | ​ | (569) |  | ​ | 6,729
Alternative Investments | ​ | ​ | 1,929 | ​ | ​ | 197 |  | ​ | 2,126 | ​ | ​ | 1,834 | ​ | ​ | 126 |  | ​ | 1,960
Total | ​ | $ | 41,229 | ​ | $ | 6,720 |  | $ | 47,949 | ​ | $ | 34,079 | ​ | $ | (940) |  | $ | 33,139

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value. + References No definition available. + Details
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