FAIR VALUE (Tables)

3 Months Ended

Mar. 28, 2020

FAIR VALUE

Assets measured at fair value

	March 28, 2020								March 30, 2019
	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
(in thousands)	(Level 1)		(Level 2)			(Level 3)	Total		(Level 1)		(Level 2)			(Level 3)	Total
Money market funds	$	29,561	$	837	$	—	$	30,398	$	56	$	549	$	—	$	605
Fixed income funds		237		15,124		—		15,361		3,860		9,763		—		13,623
Equity securities		9,089		—		—		9,089		8,258		—		—		8,258
Alternative investments		—		—		1,960		1,960		—		—		1,782		1,782
Mutual funds:																—
Domestic stock funds		5,204		—		—		5,204		2,151		—		—		2,151
International stock funds		947		—		—		947		2,085		—		—		2,085
Target funds		242		—		—		242		257		—		—		257
Bond funds		222		—		—		222		799		—		—		799
Alternative funds		921		—		—		921		1,344		—		—		1,344
Total mutual funds		7,536		—		—		7,536		6,636		—		—		6,636
Total	$	46,423	$	15,961	$	1,960	$	64,344	$	18,810	$	10,312	$	1,782	$	30,904
Assets at fair value	$	46,423	$	15,961	$	1,960	$	64,344	$	18,810	$	10,312	$	1,782	$	30,904

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):

	March 28, 2020
			Unrealized
	Cost		Gain/(Loss)		Fair Value
Fixed Income	$	1,834	$	126	$	1,960
Equity		15,257		104		15,361
Mutual Funds		9,690		(601)		9,089
Alternative Investments		7,298		(569)		6,729
Total	$	34,079	$	(940)	$	33,139