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FAIR VALUE (Tables)

9 Months Ended

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