FAIR VALUE (Tables)

6 Months Ended

Jun. 26, 2021

FAIR VALUE

Assets measured at fair value

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

	June 26, 2021								June 27, 2020
	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	$	19	$	2,840	$	—	$	2,859	$	57	$	3,084	$	—	$	3,141
Fixed income funds		244		17,610		—		17,854		247		16,209		—		16,456
Treasury securities		307		—		—		307		—		—		—		—
Equity securities		19,014		—		—		19,014		9,958		—		—		9,958
Alternative investments		—		—		3,304		3,304		—		—		1,836		1,836
Mutual funds:
Domestic stock funds		10,037		—		—		10,037		6,359		—		—		6,359
International stock funds		1,463		—		—		1,463		1,124		—		—		1,124
Target funds		22		—		—		22		270		—		—		270
Bond funds		145		—		—		145		232		—		—		232
Alternative funds		501		—		—		501		332		—		—		332
Total mutual funds		12,168		—		—		12,168		8,317		—		—		8,317
Total	$	31,752	$	20,450	$	3,304	$	55,506	$	18,579	$	19,293	$	1,836	$	39,708
Assets at fair value	$	31,752	$	20,450	$	3,304	$	55,506	$	18,579	$	19,293	$	1,836	$	39,708

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 26, 2021						June 27, 2020
			Unrealized						Unrealized
	Cost		Gain		Fair Value		Cost		Gain/(Loss)		Fair Value
Fixed Income	$	17,066	$	788	$	17,854	$	15,497	$	959	$	16,456
Equity		14,760		4,254		19,014		9,107		850		9,957
Mutual Funds		8,769		2,740		11,509		6,553		849		7,402
Alternative Investments		2,953		351		3,304		1,857		(22)		1,835
Total	$	43,548	$	8,133	$	51,681	$	33,014	$	2,636	$	35,650