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FAIR VALUE (Tables)

3 Months Ended

Apr. 01, 2023

FAIR VALUE

Assets measured at fair value

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


		April 1, 2023												March 26, 2022
		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		$	208,129		$	928		$	—		$	209,057		$	18		$	9,641		$	—		$	9,659
Fixed income funds			3,838			17,882			—			21,720			2,279			16,128			—			18,407
Treasury securities			343			—			—			343			342			—			—			342
Equity securities			16,977			—			—			16,977			19,289			—			—			19,289
Alternative investments			—			—			4,103			4,103			—			—			3,964			3,964
Mutual funds:
Domestic stock funds			10,108			—			—			10,108			10,576			—			—			10,576
International stock funds			1,092			—			—			1,092			1,621			—			—			1,621
Target funds			8			—			—			8			22			—			—			22
Bond funds			5,294			—			—			5,294			141			—			—			141
Alternative funds			468			—			—			468			501			—			—			501
Total mutual funds			16,970			—			—			16,970			12,861			—			—			12,861
Total		$	246,257		$	18,810		$	4,103		$	269,170		$	34,789		$	25,769		$	3,964		$	64,522

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):


		April 1, 2023									March 26, 2022
					Unrealized									Unrealized
		Cost			Gain (Loss)			Fair Value			Cost			Gain (Loss)			Fair Value
Fixed Income		$	23,610		$	(1,890)		$	21,720		$	19,049		$	(642)		$	18,407
Treasury Securities			343			—			343			342			—			342
Equity			14,976			2,001			16,977			15,347			3,942			19,289
Mutual Funds			15,553			901			16,454			9,392			2,820			12,212
Alternative Investments			3,131			972			4,103			3,028			936			3,964
Total		$	57,613		$	1,984		$	59,597		$	47,158		$	7,056		$	54,214