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FAIR VALUE (Tables)

12 Months Ended

Dec. 30, 2023

FAIR VALUE

Assets measured at fair value


		December 30, 2023												December 31, 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		$	492,800		$	6,133		$	—		$	498,933		$	390,219		$	1,286		$	—		$	391,505
Fixed income funds			5,112			18,976			—			24,088			2,594			16,692			—			19,286
Treasury securities			344			—			—			344			343			—			—			343
Equity securities			16,411			—			10,500			26,911			17,337			—			—			17,337
Alternative investments			—			—			4,052			4,052			—			—			4,102			4,102
Mutual funds:
Domestic stock funds			13,330			—			—			13,330			13,067			—			—			13,067
International stock funds			509			—			—			509			1,414			—			—			1,414
Target funds			9			—			—			9			8			—			—			8
Bond funds			5			—			—			5			130			—			—			130
Alternative funds			474			—			—			474			474			—			—			474
Total mutual funds			14,327			—			—			14,327			15,093			—			—			15,093
Total		$	528,994		$	25,109		$	14,552		$	568,655		$	425,586		$	17,978		$	4,102		$	447,666

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):


		December 30, 2023									December 31, 2022
					Unrealized									Unrealized
		Cost			Gain (Loss)			Fair Value			Cost			Gain (Loss)			Fair Value
Fixed income		$	25,514		$	(1,426)		$	24,088		$	21,399		$	(2,113)		$	19,286
Treasury securities			344			—			344			343			—			343
Equity			13,523			2,888			16,411			15,762			1,575			17,337
Mutual funds			12,348			1,934			14,282			13,430			1,144			14,574
Alternative investments			3,211			841			4,052			3,105			997			4,102
Total		$	54,940		$	4,237		$	59,177		$	54,039		$	1,603		$	55,642