ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Jul. 04, 2021

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Total accumulated other comprehensive income (loss) was $2.4 million as of July 4, 2021 and $0.9 million as of January 3, 2021. Total accumulated other comprehensive income (loss) consists solely of unrealized gains (losses) from the Company’s derivative financial instruments accounted for as cash flow hedges.

During the periods ended July 4, 2021 and June 28, 2020, changes to the balance in accumulated other comprehensive income (loss) were as follows:


Successor
(in thousands)	Gain on Cash Flow Hedges
Balance as of January 3, 2021	924
Unrealized gain on cash flow hedges	822
Balance as of April 4, 2021	1,746
Unrealized gain on cash flow hedges	607
Balance as of July 4, 2021	$	2,353


Predecessor
(in thousands)	Loss on Cash Flow Hedges
Balance as of December 29, 2019	$	1,408
Unrealized loss on cash flow hedges	(7,208)
Balance as of March 29, 2020	(5,800)
Unrealized loss on cash flow hedges	(709)
Balance as of June 28, 2020	$	(6,509)