ACCUMULATED OTHER COMPREHENSIVE INCOME

6 Months Ended

Jul. 03, 2022

Total accumulated other comprehensive income was $34.5 million as of July 3, 2022 and $3.7 million as of January 2, 2022. Total accumulated other comprehensive income consists solely of unrealized gains from the Company’s derivative financial instruments accounted for as cash flow hedges.

Changes to the balance in accumulated other comprehensive income were as follows:


(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

Balance as of January 2, 2022	$	3,715
Unrealized gain on cash flow hedges	27,809
Balance as of April 3, 2022	31,524
Unrealized gain on cash flow hedges	3,011
Balance as of July 3, 2022	$	34,535
Less balance attributable to noncontrolling interest as of July 3, 2022	13,247
Balance attributable to controlling interest as of July 3, 2022	$	21,288