| ACCUMULATED OTHER COMPREHENSIVE LOSS |
15. ACCUMULATED OTHER COMPREHENSIVE LOSS
The following table presents changes in accumulated other comprehensive loss by component:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized
Gains and
(Losses) on Derivative Instruments |
|
|
Foreign
Currency
Items |
|
|
Total |
|
Balance at December 29, 2018 |
|
$ |
(2,309 |
) |
|
$ |
(43,944 |
) |
|
$ |
(46,253 |
) |
Other comprehensive loss before
reclassifications |
|
|
(2,616 |
) |
|
|
(9,515 |
) |
|
|
(12,131 |
) |
Amounts reclassified from accumulated
other comprehensive loss, net of tax |
|
|
(866 |
) |
|
|
— |
|
|
|
(866 |
) |
Tax effect |
|
|
419 |
|
|
|
3,467 |
|
|
|
3,886 |
|
Net current period other comprehensive loss |
|
|
(3,063 |
) |
|
|
(6,048 |
) |
|
|
(9,111 |
) |
Balance at December 28, 2019 |
|
$ |
(5,372 |
) |
|
$ |
(49,992 |
) |
|
$ |
(55,364 |
) |
Other comprehensive income before
reclassifications |
|
|
975 |
|
|
|
27,306 |
|
|
|
28,281 |
|
Amounts reclassified from accumulated
other comprehensive loss, net of tax |
|
|
(2,862 |
) |
|
|
— |
|
|
|
(2,862 |
) |
Tax effect |
|
|
1,337 |
|
|
|
(5,732 |
) |
|
|
(4,395 |
) |
Net current period other comprehensive (loss) income |
|
|
(550 |
) |
|
|
21,574 |
|
|
|
21,024 |
|
Balance at January 2, 2021 |
|
$ |
(5,922 |
) |
|
$ |
(28,418 |
) |
|
$ |
(34,340 |
) |
Other comprehensive income (loss) before
reclassifications |
|
|
9,205 |
|
|
|
(24,520 |
) |
|
|
(15,315 |
) |
Amounts reclassified from accumulated
other comprehensive loss, net of tax |
|
|
(3,253 |
) |
|
|
— |
|
|
|
(3,253 |
) |
Tax effect |
|
|
(1,364 |
) |
|
|
5,283 |
|
|
|
3,919 |
|
Net current period other comprehensive income (loss) |
|
|
4,588 |
|
|
|
(19,237 |
) |
|
|
(14,649 |
) |
Balance at January 1, 2022 |
|
$ |
(1,334 |
) |
|
$ |
(47,655 |
) |
|
$ |
(48,989 |
) |
The following table presents reclassifications out of accumulated other comprehensive loss:
|
|
|
|
|
|
|
|
|
|
|
|
|
Details about Accumulated Other |
Affected Line Item in the Consolidated |
For the year Ended |
|
Comprehensive Income Components |
Statements of Operations |
January 1, 2022 |
|
|
January 2, 2021 |
|
|
December 28, 2019 |
|
Derivative financial instruments |
|
|
|
|
|
|
|
|
|
Interest rate swaps |
Interest expense, net |
$ |
(4,219 |
) |
|
$ |
(3,712 |
) |
|
$ |
(1,110 |
) |
|
Tax benefit |
|
966 |
|
|
|
850 |
|
|
|
244 |
|
|
Net of tax |
$ |
(3,253 |
) |
|
$ |
(2,862 |
) |
|
$ |
(866 |
) |
|
|
|
|
|
|
|
|
|
|
Total reclassifications for the period |
|
$ |
(3,253 |
) |
|
$ |
(2,862 |
) |
|
$ |
(866 |
) |
|