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FAIR VALUE (Tables)

6 Months Ended

Jun. 29, 2024

FAIR VALUE

Assets measured at fair value

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


		June 29, 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		$	250,775		$	10,952		$	—		$	261,727		$	492,800		$	6,133		$	—		$	498,933
Fixed income funds			5,130			24,477			—			29,607			5,112			18,976			—			24,088
Treasury securities			344			—			—			344			344			—			—			344
Equity securities			17,279			—			22,000			39,279			16,411			—			10,500			26,911
Alternative investments			—			—			4,054			4,054			—			—			4,052			4,052
Mutual funds:
Domestic stock funds			14,406			—			—			14,406			13,330			—			—			13,330
International stock funds			550			—			—			550			509			—			—			509
Target funds			9			—			—			9			9			—			—			9
Bond funds			5			—			—			5			5			—			—			5
Alternative funds			486			—			—			486			474			—			—			474
Total mutual funds			15,456			—			—			15,456			14,327			—			—			14,327
Total		$	288,984		$	35,429		$	26,054		$	350,467		$	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):


		June 29, 2024									December 30, 2023
					Unrealized									Unrealized
		Cost			Gain (Loss)			Fair Value			Cost			Gain (Loss)			Fair Value
Fixed income		$	31,067		$	(1,460)		$	29,607		$	25,514		$	(1,426)		$	24,088
Treasury securities			344			—			344			344			—			344
Equity			13,669			3,610			17,279			13,523			2,888			16,411
Mutual funds			12,922			2,485			15,407			12,348			1,934			14,282
Alternative investments			3,266			788			4,054			3,211			841			4,052
Total		$	61,268		$	5,423		$	66,691		$	54,940		$	4,237		$	59,177