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ACCUMULATED OTHER COMPREHENSIVE LOSS
 3 Months Ended
Apr. 01, 2018
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE LOSS
ACCUMULATED OTHER COMPREHENSIVE LOSS
Changes in the balance of each component of accumulated other comprehensive loss during the reporting periods were as follows:
 
Thirteen weeks ended
 
April 1, 2018
April 2, 2017
(in thousands)
Foreign currency translation adjustment
Unrealized gain (loss) on investments, net of tax (1)
Total other comprehensive (loss), net of tax
 
Foreign currency translation adjustment
Unrealized gain on investments, net of tax (1)
Total other comprehensive income (loss), net of tax
Balance at beginning of period
$
(8,329
)
$
1,525

$
(6,804
)
 
$
(11,684
)
$
251

$
(11,433
)
Current period other comprehensive income
(1,384
)
—

(1,384
)
 
1,800

737

2,537

Change in accounting standard cumulative-effect adjustment (2)
—

(1,525
)
(1,525
)
 
—

—

—

Balance at end of period
$
(9,713
)
$
—

$
(9,713
)
 
$
(9,884
)
$
988

$
(8,896
)

(1)
Consisted of deferred compensation plan accounts, comprised of mutual funds classified as available-for-sale securities, prior to our adoption of the new accounting standard for equity investments in the fiscal first quarter of 2018. The tax impact on the unrealized gain on available-for-sale securities was de minimis for the thirteen weeks ended April 2, 2017.
(2)
As a result of our adoption of the new accounting standard for equity investments, $1.5 million in unrealized gains on available-for-sale equity securities were reclassified from accumulated other comprehensive loss to retained earnings at April 1, 2018. There were no material reclassifications out of accumulated other comprehensive loss during the thirteen weeks ended April 2, 2017. For additional information, see Note 1: Summary of Significant Accounting Policies.