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FAIR VALUE (Tables)

12 Months Ended

Dec. 28, 2024

FAIR VALUE

Assets measured at fair value


		December 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		$	356,700		$	21,150		$	—		$	377,850		$	492,800		$	6,133		$	—		$	498,933
Fixed income funds			5,272			33,076			—			38,348			5,112			18,976			—			24,088
Treasury securities			344			—			—			344			344			—			—			344
Equity securities			16,431			—			26,000			42,431			16,411			—			10,500			26,911
Alternative investments			—			—			4,044			4,044			—			—			4,052			4,052
Mutual funds:
Domestic stock funds			9,534			—			—			9,534			13,330			—			—			13,330
International stock funds			641			—			—			641			509			—			—			509
Target funds			10			—			—			10			9			—			—			9
Bond funds			6			—			—			6			5			—			—			5
Alternative funds			477			—			—			477			474			—			—			474
Total mutual funds			10,668			—			—			10,668			14,327			—			—			14,327
Total		$	389,415		$	54,226		$	30,044		$	473,685		$	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):


		December 28, 2024									December 30, 2023
					Unrealized									Unrealized
		Cost			Gain (Loss)			Fair Value			Cost			Gain (Loss)			Fair Value
Fixed income		$	39,645		$	(1,297)		$	38,348		$	25,514		$	(1,426)		$	24,088
Treasury securities			344			—			344			344			—			344
Equity			13,161			3,270			16,431			13,523			2,888			16,411
Mutual funds			8,549			2,064			10,613			12,348			1,934			14,282
Alternative investments			3,321			723			4,044			3,211			841			4,052
Total		$	65,020		$	4,760		$	69,780		$	54,940		$	4,237		$	59,177