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FAIR VALUE (Tables)

6 Months Ended

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