XML 32 R22.htm IDEA: XBRL DOCUMENT
v3.22.1

FAIR VALUE (Tables) | 3 Months Ended
--- | ---
Mar. 26, 2022
FAIR VALUE |
Assets measured at fair value | Assets measured at fair value are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 26, 2022 | ​ | March 27, 2021
​ | ​ | 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 | ​ | $ | 18 |  | $ | 9,641 | ​ | $ | — |  | $ | 9,659 |  | $ | 19 |  | $ | 1,127 | ​ | $ | — |  | $ | 1,146
Fixed income funds | ​ |  | 2,279 | ​ |  | 16,128 | ​ | ​ | — |  |  | 18,407 | ​ |  | 244 | ​ |  | 16,264 | ​ | ​ | — |  |  | 16,508
Treasury securities | ​ | ​ | 342 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 342 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Equity securities | ​ |  | 19,289 | ​ |  | — | ​ | ​ | — |  |  | 19,289 | ​ |  | 18,496 | ​ |  | — | ​ | ​ | — |  |  | 18,496
Alternative investments | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 3,964 | ​ | ​ | 3,964 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 2,126 | ​ | ​ | 2,126
Mutual funds: | ​ | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​
Domestic stock funds | ​ |  | 10,576 | ​ |  | — | ​ | ​ | — |  |  | 10,576 | ​ |  | 9,388 | ​ |  | — | ​ | ​ | — |  |  | 9,388
International stock funds | ​ |  | 1,621 | ​ |  | — | ​ | ​ | — |  |  | 1,621 | ​ |  | 1,395 | ​ |  | — | ​ | ​ | — |  |  | 1,395
Target funds | ​ |  | 22 | ​ |  | — | ​ | ​ | — |  |  | 22 | ​ |  | 21 | ​ |  | — | ​ | ​ | — |  |  | 21
Bond funds | ​ |  | 141 | ​ |  | — | ​ | ​ | — |  |  | 141 | ​ |  | 145 | ​ |  | — | ​ | ​ | — |  |  | 145
Alternative funds | ​ | ​ | 501 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 501 | ​ | ​ | 496 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 496
Total mutual funds | ​ |  | 12,861 | ​ |  | — | ​ | ​ | — |  |  | 12,861 | ​ |  | 11,445 | ​ |  | — | ​ | ​ | — |  |  | 11,445
Total | ​ | $ | 34,789 | ​ | $ | 25,769 | ​ | $ | 3,964 | ​ | $ | 64,522 | ​ | $ | 30,204 | ​ | $ | 17,391 | ​ | $ | 2,126 | ​ | $ | 49,721
Assets at fair value | ​ | $ | 34,789 | ​ | $ | 25,769 | ​ | $ | 3,964 |  | $ | 64,522 | ​ | $ | 30,204 | ​ | $ | 17,391 | ​ | $ | 2,126 |  | $ | 49,721
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 26, 2022 | ​ | March 27, 2021
​ | ​ | ​ | ​ | ​ | Unrealized | ​ | ​ | ​ | ​ | ​ | ​ | Unrealized | ​ | ​ | ​
​ |  | Cost |  | Gain |  | Fair Value |  | Cost |  | Gain |  | Fair Value
Fixed Income | ​ | $ | 19,049 |  | $ | (642) |  | $ | 18,407 | ​ | $ | 15,867 | ​ | $ | 642 |  | $ | 16,509
Treasury Securities | ​ | ​ | 342 | ​ | ​ | — | ​ | ​ | 342 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Equity | ​ |  | 15,347 | ​ |  | 3,942 |  |  | 19,289 | ​ |  | 14,664 | ​ |  | 3,832 |  |  | 18,496
Mutual Funds | ​ | ​ | 9,392 | ​ | ​ | 2,820 |  | ​ | 12,212 | ​ | ​ | 8,769 | ​ | ​ | 2,049 |  | ​ | 10,818
Alternative Investments | ​ | ​ | 3,028 | ​ | ​ | 936 |  | ​ | 3,964 | ​ | ​ | 1,929 | ​ | ​ | 197 |  | ​ | 2,126
Total | ​ | $ | 47,158 | ​ | $ | 7,056 |  | $ | 54,214 | ​ | $ | 41,229 | ​ | $ | 6,720 |  | $ | 47,949

X
- 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=123874694&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=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration