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FAIR VALUE (Tables)

3 Months Ended

Mar. 30, 2024

FAIR VALUE

Assets measured at fair value

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


		March 30, 2024												December 30, 2023
		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		$	179,400		$	7,036		$	—		$	186,436		$	492,800		$	6,133		$	—		$	498,933
Fixed income funds			5,159			21,724			—			26,883			5,112			18,976			—			24,088
Treasury securities			344			—			—			344			344			—			—			344
Equity securities			17,439			—			15,000			32,439			16,411			—			10,500			26,911
Alternative investments			—			—			4,030			4,030			—			—			4,052			4,052
Mutual funds:
Domestic stock funds			14,514			—			—			14,514			13,330			—			—			13,330
International stock funds			540			—			—			540			509			—			—			509
Target funds			9			—			—			9			9			—			—			9
Bond funds			5			—			—			5			5			—			—			5
Alternative funds			489			—			—			489			474			—			—			474
Total mutual funds			15,557			—			—			15,557			14,327			—			—			14,327
Total		$	217,899		$	28,760		$	19,030		$	265,689		$	528,994		$	25,109		$	14,552		$	568,655

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):


		March 30, 2024									December 30, 2023
					Unrealized									Unrealized
		Cost			Gain (Loss)			Fair Value			Cost			Gain (Loss)			Fair Value
Fixed income		$	28,266		$	(1,383)		$	26,883		$	25,514		$	(1,426)		$	24,088
Treasury securities			344			—			344			344			—			344
Equity			13,605			3,834			17,439			13,523			2,888			16,411
Mutual funds			12,626			2,883			15,509			12,348			1,934			14,282
Alternative investments			3,239			791			4,030			3,211			841			4,052
Total		$	58,080		$	6,125		$	64,205		$	54,940		$	4,237		$	59,177