Comprehensive Income

12 Months Ended

Jan. 03, 2021

23. Comprehensive Income

The following table presents the changes in accumulated other comprehensive income (loss) for the year ended January 3, 2021:

	Cash Flow Hedges
Balance at December 30, 2018	$	1,134
Other comprehensive income (loss), net of tax
Unrealized losses on cash flow hedging activities, net of income tax of ($2,078)		(6,006	)
Reclassification of net gains on cash flow hedges to net income, net of income tax of $66		190
Total other comprehensive income (loss)		(5,816	)
Balance at December 29, 2019	$	(4,682	)
Other comprehensive income (loss), net of tax
Unrealized losses on cash flow hedging activities, net of income tax of ($205)		(592	)
Reclassification of net losses on cash flow hedges to net income, net of income tax of ($1,107)		(3,200	)
Total other comprehensive income (loss)		(3,792	)
Balance at January 3, 2021	$	(8,474	)

Amounts reclassified from accumulated other comprehensive income (loss) to net income are included within interest expense, net on the consolidated statement of income. The estimated amount expected to be reclassified from accumulated other comprehensive income (loss) to net income within the next twelve months, based on interest rates at January 3, 2021, is a loss of $5.7 million.