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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 12 Months Ended
Jan. 01, 2017
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Accumulated other comprehensive income (loss) is reflected as a net increase (decrease) to shareholders’ equity and consists of foreign currency translation adjustments and the unrealized gains and losses, net of taxes, on available-for-sale securities. Changes in the balance of each component of accumulated other comprehensive income (loss) during the years ended January 1, 2017 and December 25, 2015 were as follows (in thousands):
 
Foreign currency translation adjustment (1)
 
Unrealized gain (loss) on investments (2)
 
Total other comprehensive income (loss), net of tax
Balance at December 26, 2014
$
848

 
$
23

 
$
871

Current-period other comprehensive loss
(14,362
)
 
(522
)
 
(14,884
)
Balance at December 25, 2015
(13,514
)
 
(499
)
 
(14,013
)
Current-period other comprehensive income
1,830

 
750

 
2,580

Balance at January 1, 2017
$
(11,684
)
 
$
251

 
$
(11,433
)

(1)
During 2015, we made a U.S. tax election for our Australian subsidiary that caused our permanent intercompany loan to be settled for tax purposes, resulting in a tax impact of $3.0 million on foreign currency translation adjustments. The tax impact on foreign currency translation adjustments for fiscal years 2016 and 2014 was de minimis.
(2)
Consists of deferred compensation plan accounts, which are comprised of mutual funds classified as available-for-sale securities. The tax impact on unrealized gain on available-for-sale securities was de minimis for fiscal years 2016, 2015, and 2014.

There were no material reclassifications out of accumulated other comprehensive loss during the fiscal periods presented.