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FAIR VALUE (Tables)

3 Months Ended

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