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FAIR VALUE (Tables) | 6 Months Ended
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Jun. 26, 2021
FAIR VALUE |
Assets measured at fair value | Assets measured at fair value are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 26, 2021 | ​ | June 27, 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 |  | $ | 2,840 | ​ | $ | — |  | $ | 2,859 |  | $ | 57 |  | $ | 3,084 | ​ | $ | — |  | $ | 3,141
Fixed income funds | ​ |  | 244 | ​ |  | 17,610 | ​ | ​ | — |  |  | 17,854 | ​ |  | 247 | ​ |  | 16,209 | ​ | ​ | — |  |  | 16,456
Treasury securities | ​ | ​ | 307 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 307 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Equity securities | ​ |  | 19,014 | ​ |  | — | ​ | ​ | — |  |  | 19,014 | ​ |  | 9,958 | ​ |  | — | ​ | ​ | — |  |  | 9,958
Alternative investments | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 3,304 | ​ | ​ | 3,304 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,836 | ​ | ​ | 1,836
Mutual funds: | ​ | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​
Domestic stock funds | ​ |  | 10,037 | ​ |  | — | ​ | ​ | — |  |  | 10,037 | ​ |  | 6,359 | ​ |  | — | ​ | ​ | — |  |  | 6,359
International stock funds | ​ |  | 1,463 | ​ |  | — | ​ | ​ | — |  |  | 1,463 | ​ |  | 1,124 | ​ |  | — | ​ | ​ | — |  |  | 1,124
Target funds | ​ |  | 22 | ​ |  | — | ​ | ​ | — |  |  | 22 | ​ |  | 270 | ​ |  | — | ​ | ​ | — |  |  | 270
Bond funds | ​ |  | 145 | ​ |  | — | ​ | ​ | — |  |  | 145 | ​ |  | 232 | ​ |  | — | ​ | ​ | — |  |  | 232
Alternative funds | ​ | ​ | 501 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 501 | ​ | ​ | 332 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 332
Total mutual funds | ​ |  | 12,168 | ​ |  | — | ​ | ​ | — |  |  | 12,168 | ​ |  | 8,317 | ​ |  | — | ​ | ​ | — |  |  | 8,317
Total | ​ | $ | 31,752 | ​ | $ | 20,450 | ​ | $ | 3,304 | ​ | $ | 55,506 | ​ | $ | 18,579 | ​ | $ | 19,293 | ​ | $ | 1,836 | ​ | $ | 39,708
Assets at fair value | ​ | $ | 31,752 | ​ | $ | 20,450 | ​ | $ | 3,304 |  | $ | 55,506 | ​ | $ | 18,579 | ​ | $ | 19,293 | ​ | $ | 1,836 |  | $ | 39,708
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 26, 2021 | ​ | June 27, 2020
​ | ​ | ​ | ​ | ​ | Unrealized | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Unrealized | ​ | ​ | ​
​ |  | Cost |  | Gain |  | Fair Value | ​ | Cost |  | Gain/(Loss) | ​ | Fair Value
Fixed Income | ​ | $ | 17,066 |  | $ | 788 |  | $ | 17,854 | ​ | $ | 15,497 |  | $ | 959 |  | $ | 16,456
Equity | ​ |  | 14,760 | ​ |  | 4,254 |  |  | 19,014 | ​ |  | 9,107 | ​ |  | 850 |  |  | 9,957
Mutual Funds | ​ | ​ | 8,769 | ​ | ​ | 2,740 |  | ​ | 11,509 | ​ | ​ | 6,553 | ​ | ​ | 849 |  | ​ | 7,402
Alternative Investments | ​ | ​ | 2,953 | ​ | ​ | 351 |  | ​ | 3,304 | ​ | ​ | 1,857 | ​ | ​ | (22) |  | ​ | 1,835
Total | ​ | $ | 43,548 | ​ | $ | 8,133 |  | $ | 51,681 | ​ | $ | 33,014 | ​ | $ | 2,636 |  | $ | 35,650

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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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