FAIR VALUE (Tables)

6 Months Ended

Jun. 27, 2020

FAIR VALUE

Assets measured at fair value

	June 27, 2020								June 29, 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	$	57	$	3,084	$	—	$	3,141	$	57	$	1,051	$	—	$	1,108
Fixed income funds		247		16,209		—		16,456		2,709		11,222		—		13,931
Equity securities		9,958		—		—		9,958		8,651		—		—		8,651
Alternative investments		—		—		1,836		1,836		—		—		1,829		1,829
Mutual funds:																—
Domestic stock funds		6,359		—		—		6,359		2,472		—		—		2,472
International stock funds		1,124		—		—		1,124		2,059		—		—		2,059
Target funds		270		—		—		270		266		—		—		266
Bond funds		232		—		—		232		815		—		—		815
Alternative funds		332		—		—		332		1,696		—		—		1,696
Total mutual funds		8,317		—		—		8,317		7,308		—		—		7,308
Total	$	18,579	$	19,293	$	1,836	$	39,708	$	18,725	$	12,273	$	1,829	$	32,827
Assets at fair value	$	18,579	$	19,293	$	1,836	$	39,708	$	18,725	$	12,273	$	1,829	$	32,827

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 27, 2020
			Unrealized
	Cost		Gain/(Loss)		Fair Value
Fixed Income	$	15,497	$	959	$	16,456
Equity		9,107		850		9,957
Mutual Funds		6,553		849		7,402
Alternative Investments		1,857		(22)		1,835
Total	$	33,014	$	2,636	$	35,650