XML 33 R23.htm IDEA: XBRL DOCUMENT

FAIR VALUE (Tables)

6 Months Ended

Jul. 01, 2023

FAIR VALUE

Assets measured at fair value

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


		July 1, 2023												June 25, 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		$	431,829		$	4,434		$	—		$	436,263		$	19		$	4,170		$	—		$	4,189
Fixed income funds			3,791			18,195			—			21,986			2,684			16,654			—			19,338
Treasury securities			343			—			—			343			342			—			—			342
Equity securities			17,224			—			—			17,224			17,249			—			—			17,249
Alternative investments			—			—			4,076			4,076			—			—			4,079			4,079
Mutual funds:
Domestic stock funds			10,781			—			—			10,781			12,723			—			—			12,723
International stock funds			1,135			—			—			1,135			1,378			—			—			1,378
Target funds			8			—			—			8			21			—			—			21
Bond funds			5,288			—			—			5,288			134			—			—			134
Alternative funds			474			—			—			474			510			—			—			510
Total mutual funds			17,686			—			—			17,686			14,766			—			—			14,766
Total		$	470,873		$	22,629		$	4,076		$	497,578		$	35,060		$	20,824		$	4,079		$	59,963

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):


		July 1, 2023									June 25, 2022
					Unrealized									Unrealized
		Cost			Gain (Loss)			Fair Value			Cost			Gain (Loss)			Fair Value
Fixed income		$	24,080		$	(2,094)		$	21,986		$	20,875		$	(1,537)		$	19,338
Treasury securities			343			—			343			342			—			342
Equity			14,834			2,390			17,224			15,668			1,581			17,249
Mutual funds			15,563			1,596			17,159			13,405			742			14,147
Alternative investments			3,158			918			4,076			3,053			1,026			4,079
Total		$	57,978		$	2,810		$	60,788		$	53,343		$	1,812		$	55,155