FAIR VALUE (Tables)

12 Months Ended

Dec. 31, 2022

Assets measured at fair value

	December 31, 2022								December 25, 2021
	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	$	390,219	$	1,286	$	—	$	391,505	$	19	$	9,392	$	—	$	9,411
Fixed income funds		2,594		16,692		—		19,286		1,668		16,910		—		18,578
Treasury securities		343		—		—		343		342		—		—		342
Equity securities		17,337		—		—		17,337		20,163		—		—		20,163
Alternative investments		—		—		4,102		4,102		—		—		3,785		3,785
Mutual funds:
Domestic stock funds		13,067		—		—		13,067		10,910		—		—		10,910
International stock funds		1,414		—		—		1,414		1,687		—		—		1,687
Target funds		8		—		—		8		23		—		—		23
Bond funds		130		—		—		130		146		—		—		146
Alternative funds		474		—		—		474		483		—		—		483
Total mutual funds		15,093		—		—		15,093		13,249		—		—		13,249
Total	$	425,586	$	17,978	$	4,102	$	447,666	$	35,441	$	26,302	$	3,785	$	65,528

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 31, 2022						December 25, 2021
			Unrealized						Unrealized
	Cost		Gain (Loss)		Fair Value		Cost		Gain		Fair Value
Fixed Income	$	21,399	$	(2,113)	$	19,286	$	18,169	$	409	$	18,578
Treasury Securities		343		—		343		342		—		342
Equity		15,762		1,575		17,337		15,196		4,967		20,163
Mutual Funds		13,430		1,144		14,574		9,222		3,325		12,547
Alternative Investments		3,105		997		4,102		3,003		782		3,785
Total	$	54,039	$	1,603	$	55,642	$	45,932	$	9,483	$	55,415