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ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME
 12 Months Ended
Jan. 01, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME
The components of Accumulated other comprehensive (loss) income consisted of the following:
(dollars in thousands)Pension liability adjustmentsPost-retirement liability adjustmentsCumulative translation adjustmentsAccumulated other comprehensive (loss) income
Balance at December 29, 2018$(9,562)$1,687 $(32,964)$(40,839)
Reclassification of tax effects(*)
(1,880)380 — (1,500)
Fiscal year 2019 change746 (483)6,442 6,705 
Balance at December 28, 2019(10,696)1,584 (26,522)(35,634)
Fiscal year 2020 change(2,197)(144)5,215 2,874 
Balance at January 2, 2021(12,893)1,440 (21,307)(32,760)
Fiscal year 2021 change3,973 (115)5 3,863 
Balance at January 1, 2022$(8,920)$1,325 $(21,302)$(28,897)
(*)In fiscal 2019, the Company reclassified $1.5 million of tax benefits from accumulated other comprehensive loss to retained earnings for the tax effects resulting from the December 22, 2017 enactment of the Tax Cut and Jobs Act in accordance with the adoption of ASU 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income.
As of January 1, 2022 and January 2, 2021, the cumulative tax effect on the pension liability adjustments were $2.8 million and $4.0 million, respectively. As of January 1, 2022 and January 2, 2021, the cumulative tax effect on the post-retirement liability adjustments were approximately $0.4 million and $0.5 million, respectively.
For the fiscal years ended January 1, 2022 and January 2, 2021, amounts reclassified from Accumulated other comprehensive loss to the consolidated statements of operations consisted of amortization of actuarial gains and losses related to the Company’s defined benefit retirement plans. Such amortization amounts are included in the net periodic cost or benefit recognized for these plans during the respective fiscal year. For additional information, see Note 11, Employee Benefit Plans, to the consolidated financial statements.