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FAIR VALUE (Tables) | 9 Months Ended
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Sep. 28, 2024
FAIR VALUE |
Assets measured at fair value | Assets measured at fair value are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 28, 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 | ​ | $ | 398,475 | ​ | $ | 16,048 | ​ | $ | — |  | $ | 414,523 |  | $ | 492,800 |  | $ | 6,133 | ​ | $ | — |  | $ | 498,933
Fixed income funds | ​ |  | 5,324 | ​ | ​ | 26,034 | ​ | ​ | — |  |  | 31,358 | ​ |  | 5,112 | ​ |  | 18,976 | ​ | ​ | — |  |  | 24,088
Treasury securities | ​ | ​ | 344 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 344 | ​ | ​ | 344 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 344
Equity securities | ​ |  | 16,893 | ​ | ​ | — | ​ | ​ | 22,000 |  |  | 38,893 | ​ |  | 16,411 | ​ |  | — | ​ | ​ | 10,500 |  |  | 26,911
Alternative investments | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 4,033 | ​ | ​ | 4,033 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 4,052 | ​ | ​ | 4,052
Mutual funds: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​
Domestic stock funds | ​ |  | 16,860 | ​ | ​ | — | ​ | ​ | — |  |  | 16,860 | ​ |  | 13,330 | ​ |  | — | ​ | ​ | — |  |  | 13,330
International stock funds | ​ |  | 704 | ​ | ​ | — | ​ | ​ | — |  |  | 704 | ​ |  | 509 | ​ |  | — | ​ | ​ | — |  |  | 509
Target funds | ​ |  | 10 | ​ | ​ | — | ​ | ​ | — |  |  | 10 | ​ |  | 9 | ​ |  | — | ​ | ​ | — |  |  | 9
Bond funds | ​ |  | 6 | ​ | ​ | — | ​ | ​ | — |  |  | 6 | ​ |  | 5 | ​ |  | — | ​ | ​ | — |  |  | 5
Alternative funds | ​ | ​ | 482 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 482 | ​ | ​ | 474 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 474
Total mutual funds | ​ |  | 18,062 | ​ |  | — | ​ | ​ | — |  |  | 18,062 | ​ |  | 14,327 | ​ |  | — | ​ | ​ | — |  |  | 14,327
Total | ​ | $ | 439,098 | ​ | $ | 42,082 | ​ | $ | 26,033 | ​ | $ | 507,213 | ​ | $ | 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):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 28, 2024 | ​ | December 30, 2023
​ | ​ | ​ | ​ | Unrealized | ​ | ​ | ​ | ​ | ​ | Unrealized | ​ | ​
​ |  | Cost |  | Gain (Loss) |  | Fair Value |  | Cost |  | Gain (Loss) |  | Fair Value
Fixed income | ​ | $ | 32,069 | ​ | $ | (711) |  | $ | 31,358 | ​ | $ | 25,514 |  | $ | (1,426) |  | $ | 24,088
Treasury securities | ​ | ​ | 344 | ​ | ​ | — | ​ | ​ | 344 | ​ | ​ | 344 | ​ | ​ | — | ​ | ​ | 344
Equity | ​ |  | 12,914 | ​ | ​ | 3,979 |  |  | 16,893 | ​ |  | 13,523 | ​ | ​ | 2,888 |  |  | 16,411
Mutual funds | ​ | ​ | 14,676 | ​ | ​ | 3,333 | ​ | ​ | 18,009 | ​ | ​ | 12,348 | ​ | ​ | 1,934 | ​ | ​ | 14,282
Alternative investments | ​ | ​ | 3,293 | ​ | ​ | 740 | ​ | ​ | 4,033 | ​ | ​ | 3,211 | ​ | ​ | 841 | ​ | ​ | 4,052
Total | ​ | $ | 63,296 | ​ | $ | 7,341 |  | $ | 70,637 | ​ | $ | 54,940 | ​ | $ | 4,237 |  | $ | 59,177

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value. + References No definition available. + Details
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