FAIR VALUE (Tables)

9 Months Ended

Sep. 25, 2021

FAIR VALUE

Assets measured at fair value

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

	September 25, 2021								September 26, 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	$	2,631	$	—	$	2,650	$	64	$	3,133	$	—	$	3,197
Fixed income funds		962		17,021		—		17,983		248		16,522		—		16,770
Treasury securities		310		—		—		310		—		—		—		—
Equity securities		18,543		—		—		18,543		10,524		—		—		10,524
Alternative investments		—		—		3,536		3,536		—		—		1,926		1,926
Mutual funds:
Domestic stock funds		9,968		—		—		9,968		6,826		—		—		6,826
International stock funds		1,675		—		—		1,675		1,243		—		—		1,243
Target funds		23		—		—		23		260		—		—		260
Bond funds		146		—		—		146		208		—		—		208
Alternative funds		497		—		—		497		433		—		—		433
Total mutual funds		12,309		—		—		12,309		8,970		—		—		8,970
Total	$	32,143	$	19,652	$	3,536	$	55,331	$	19,806	$	19,655	$	1,926	$	41,387
Assets at fair value	$	32,143	$	19,652	$	3,536	$	55,331	$	19,806	$	19,655	$	1,926	$	41,387

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 25, 2021						September 26, 2020
			Unrealized						Unrealized
	Cost		Gain		Fair Value		Cost		Gain		Fair Value
Fixed Income	$	17,293	$	690	$	17,983	$	15,750	$	1,020	$	16,770
Treasury Securities		310		—		310		—		—		—
Equity		14,392		4,151		18,543		9,121		1,403		10,524
Mutual Funds		9,210		2,435		11,645		7,228		852		8,080
Alternative Investments		3,370		166		3,536		1,881		45		1,926
Total	$	44,575	$	7,442	$	52,017	$	33,980	$	3,320	$	37,300