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FAIR VALUE (Tables)

9 Months Ended

Sep. 24, 2022

FAIR VALUE

Assets measured at fair value

Assets measured at fair value are as follows (in thousands):


		September 24, 2022												September 25, 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		$	4,825		$	—		$	4,844		$	19		$	2,631		$	—		$	2,650
Fixed income funds			2,584			16,321			—			18,905			962			17,021			—			17,983
Treasury securities			343			—			—			343			310			—			—			310
Equity securities			15,674			—			—			15,674			18,543			—			—			18,543
Alternative investments			—			—			4,136			4,136			—			—			3,536			3,536
Mutual funds:
Domestic stock funds			11,859			—			—			11,859			9,968			—			—			9,968
International stock funds			1,279			—			—			1,279			1,675			—			—			1,675
Target funds			8			—			—			8			23			—			—			23
Bond funds			132			—			—			132			146			—			—			146
Alternative funds			527			—			—			527			497			—			—			497
Total mutual funds			13,805			—			—			13,805			12,309			—			—			12,309
Total		$	32,425		$	21,146		$	4,136		$	57,707		$	32,143		$	19,652		$	3,536		$	55,331
Assets at fair value		$	32,425		$	21,146		$	4,136		$	57,707		$	32,143		$	19,652		$	3,536		$	55,331

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):


		September 24, 2022									September 25, 2021
					Unrealized									Unrealized
		Cost			Gain (Loss)			Fair Value			Cost			Gain			Fair Value
Fixed Income		$	21,199		$	(2,294)		$	18,905		$	17,293		$	690		$	17,983
Treasury Securities			343			—			343			310			—			310
Equity			15,392			282			15,674			14,392			4,151			18,543
Mutual Funds			13,430			(128)			13,302			9,210			2,435			11,645
Alternative Investments			3,079			1,057			4,136			3,370			166			3,536
Total		$	53,443		$	(1,083)		$	52,360		$	44,575		$	7,442		$	52,017