2. Fair Value Measurements

9 Months Ended

Sep. 27, 2013

Notes

2. Fair Value Measurements

2.     FAIR VALUE MEASUREMENTS

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.  To increase the comparability of fair value measures, the following hierarchy prioritizes the inputs according to valuation methodologies used to measure fair value:

Level 1—Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets

that the Company has the ability to access at the measurement date.

Level 2—Observable inputs other than Level 1 including quoted prices for similar assets or liabilities, quoted prices

in less active markets, or other observable inputs that can be corroborated by observable market data.

Level 3—Unobservable inputs which are supported by little or no market activity.

The Company’s marketable securities are classified within Level 1 because the underlying investments have readily available market prices.  Marketable securities measured at fair value on a recurring basis are summarized below:

September 27, 2013	Total	Level 1	Level 2	Level 3
Mutual funds – equity securities	-	-	-	-
Mutual funds – debt securities	301	301	-	-
Money market mutual funds	44	44	-	-
Total	$345	$345	-	-

December 31, 2012	Total	Level 1	Level 2	Level 3
Mutual funds – equity securities	$367	$367	-	-
Mutual funds – debt securities	298	298	-	-
Money market mutual funds	47	47	-	-
Total	$712	$712	-	-