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FAIR VALUE (Tables) | 6 Months Ended
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Jun. 25, 2022
FAIR VALUE |
Assets measured at fair value | Assets measured at fair value are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 25, 2022 | ​ | June 26, 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 | ​ | $ | 19 |  | $ | 4,170 | ​ | $ | — |  | $ | 4,189 |  | $ | 19 |  | $ | 2,840 | ​ | $ | — |  | $ | 2,859
Fixed income funds | ​ |  | 2,684 | ​ |  | 16,654 | ​ | ​ | — |  |  | 19,338 | ​ |  | 244 | ​ |  | 17,610 | ​ | ​ | — |  |  | 17,854
Treasury securities | ​ | ​ | 342 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 342 | ​ | ​ | 307 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 307
Equity securities | ​ |  | 17,249 | ​ |  | — | ​ | ​ | — |  |  | 17,249 | ​ |  | 19,014 | ​ |  | — | ​ | ​ | — |  |  | 19,014
Alternative investments | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 4,079 | ​ | ​ | 4,079 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 3,304 | ​ | ​ | 3,304
Mutual funds: | ​ | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​
Domestic stock funds | ​ |  | 12,723 | ​ |  | — | ​ | ​ | — |  |  | 12,723 | ​ |  | 10,037 | ​ |  | — | ​ | ​ | — |  |  | 10,037
International stock funds | ​ |  | 1,378 | ​ |  | — | ​ | ​ | — |  |  | 1,378 | ​ |  | 1,463 | ​ |  | — | ​ | ​ | — |  |  | 1,463
Target funds | ​ |  | 21 | ​ |  | — | ​ | ​ | — |  |  | 21 | ​ |  | 22 | ​ |  | — | ​ | ​ | — |  |  | 22
Bond funds | ​ |  | 134 | ​ |  | — | ​ | ​ | — |  |  | 134 | ​ |  | 145 | ​ |  | — | ​ | ​ | — |  |  | 145
Alternative funds | ​ | ​ | 510 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 510 | ​ | ​ | 501 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 501
Total mutual funds | ​ |  | 14,766 | ​ |  | — | ​ | ​ | — |  |  | 14,766 | ​ |  | 12,168 | ​ |  | — | ​ | ​ | — |  |  | 12,168
Total | ​ | $ | 35,060 | ​ | $ | 20,824 | ​ | $ | 4,079 | ​ | $ | 59,963 | ​ | $ | 31,752 | ​ | $ | 20,450 | ​ | $ | 3,304 | ​ | $ | 55,506
Assets at fair value | ​ | $ | 35,060 | ​ | $ | 20,824 | ​ | $ | 4,079 |  | $ | 59,963 | ​ | $ | 31,752 | ​ | $ | 20,450 | ​ | $ | 3,304 |  | $ | 55,506
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 25, 2022 | ​ | June 26, 2021
​ | ​ | ​ | ​ | Unrealized | ​ | ​ | ​ | ​ | ​ | Unrealized | ​ | ​ | ​
​ |  | Cost |  | Gain |  | Fair Value |  | Cost |  | Gain |  | Fair Value
Fixed Income | ​ | $ | 20,875 |  | $ | (1,537) |  | $ | 19,338 | ​ | $ | 17,066 | ​ | $ | 788 |  | $ | 17,854
Treasury Securities | ​ | ​ | 342 | ​ | ​ | — | ​ | ​ | 342 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Equity | ​ |  | 15,668 | ​ |  | 1,581 |  |  | 17,249 | ​ |  | 14,760 | ​ |  | 4,254 |  | ​ | 19,014
Mutual Funds | ​ | ​ | 13,405 | ​ | ​ | 742 |  | ​ | 14,147 | ​ | ​ | 8,769 | ​ | ​ | 2,740 |  | ​ | 11,509
Alternative Investments | ​ | ​ | 3,053 | ​ | ​ | 1,026 |  | ​ | 4,079 | ​ | ​ | 2,953 | ​ | ​ | 351 |  | ​ | 3,304
Total | ​ | $ | 53,343 | ​ | $ | 1,812 |  | $ | 55,155 | ​ | $ | 43,548 | ​ | $ | 8,133 |  | $ | 51,681

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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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&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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