Derivative Financial Instruments (Tables)

12 Months Ended

Jan. 03, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Cross Currency Swap Contracts, Forward Contracts, and Interest Rate Swaps

The fair value of derivative financial instruments were as follows:


		January 3, 2026
(in thousands)	Balance Sheet Location	Derivatives in an Asset Position		Derivatives in a Liability Position
Derivatives not designated as hedging instruments:

Forward contracts	Accounts payable and accrued liabilities(1)	$	339	$	(688)
Cross currency swaps	Prepaid expenses and other current assets	1,617		—


Cross currency swaps	Other liabilities	—		(2,363)
Total		$	1,956	$	(3,051)
Derivatives designated as hedging instruments:
Interest rate swaps	Prepaid expenses and other current assets	$	42	$	—

Interest rate swaps	Accounts payable and accrued liabilities(1)	29		—
Interest rate swaps	Other liabilities	—		(1,210)
Total		$	71	$	(1,210)
Deferred loss on interest rate swap(2)	Accumulated other comprehensive income	$	—	$	(1,221)


		December 28, 2024
(in thousands)	Balance Sheet Location	Derivatives in an Asset Position		Derivatives in a Liability Position
Derivatives not designated as hedging instruments:
Forward contracts	Prepaid expenses and other current assets(1)	$	4,653	$	(79)












Deferred gain on interest rate swap(2)(3)	Accumulated other comprehensive income	$	4,432	$	—

(1)Derivatives subject to master netting agreements are presented net on the Consolidated Balance Sheets.

(2)Presented gross of immaterial income taxes.

(3)The accumulated other comprehensive income balance of $4.4 million consists of the deferred gain associated with interest rate swaps that were terminated in April 2024.

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location

The impact of derivative financial instruments on the Consolidated Statements of Operations and Comprehensive Income was as follows:


(in thousands, gross of immaterial income taxes)	Fiscal Year
(in thousands, gross of immaterial income taxes)	2025		2024		2023
Loss (gain) on forward contracts recognized in (gain) loss on foreign currency, net	$	2,840	$	(5,401)	$	373
Loss (gain) on cross currency swaps recognized in (gain) loss on foreign currency, net	$	343	$	(7,647)	$	2,770
Gain on interest rate swaps recognized in interest expense, net	$	(5,336)	$	(10,977)	$	(11,110)

Schedule of Accumulated Other Comprehensive Income (Loss)

The table below presents the effect of cash flow hedge accounting on comprehensive income:


(in thousands, gross of immaterial income taxes)	Fiscal Year
(in thousands, gross of immaterial income taxes)	2025		2024		2023
(Loss) gain recognized in other comprehensive loss	$	(317)	$	2,364	$	3,141
Gain reclassified from accumulated other comprehensive income into net income	$	5,336	$	10,977	$	11,110

Savers Value Village, Inc. 10-K