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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 December 31, 2017 and January 1, 2017 were as follows:
 
Years ended
 
December 31, 2017
 
January 1, 2017
(in thousands)
Balance at beginning of period
Current period other comprehensive income
Balance at end of period
 
Balance at beginning of period
Current period other comprehensive income
Balance at end of period
Foreign currency translation adjustment
$
(11,684
)
$
3,355

$
(8,329
)
 
$
(13,514
)
$
1,830

$
(11,684
)
Unrealized gain (loss) on investments (1)
251

1,274

1,525

 
(499
)
750

251

Total other comprehensive income (loss), net of tax
$
(11,433
)
$
4,629

$
(6,804
)
 
$
(14,013
)
$
2,580

$
(11,433
)


(1)
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 $0.5 million for fiscal 2017 and de minimis for fiscal 2016.

During the year ended December 31, 2017, $1.2 million ($0.8 million after tax) of unrealized gain on investments was reclassified out of accumulated other comprehensive income (loss) and recorded in interest and other income on the Consolidated Statements of Operations and Comprehensive Income (Loss). There were no material reclassifications out of accumulated other comprehensive loss during 2016 nor 2015.