Helios Technologies Quarterly report pursuant to Section 13 or 15(d)

Derivative Instruments & Hedging Activities (Tables)

9 Months Ended

Sep. 28, 2019

The fair value of the Company’s derivative financial instruments included in the Consolidated Balance Sheets are presented as follows:

	Asset Derivatives					Liability Derivatives
	Balance Sheet	Fair Value ⁽¹⁾		Fair Value ⁽¹⁾		Balance Sheet	Fair Value ⁽¹⁾		Fair Value ⁽¹⁾
	Location	September 28, 2019		December 29, 2018		Location	September 28, 2019		December 29, 2018
Derivatives designated as hedging instruments:
Interest rate swap contract	Other assets	$	—	$	—	Other non-current liabilities	$	6,849	$	2,309
Derivatives not designated as hedging instruments:
Forward foreign exchange contracts	Other current assets		1,336		—	Other current liabilities		—		137
Forward foreign exchange contracts	Other assets		405		—	Other non-current liabilities		—		—
Total derivatives		$	1,741	$	—		$	6,849	$	2,446
(1) See Note 4 for further information about how the fair value of derivative assets and liabilities are determined

The amount of gains and losses related to the Company’s derivative financial instruments are presented as follows:

	Amount of Gain or (Loss) Recognized in OCI on Derivatives (Effective Portion)					Location of Gain or (Loss) Reclassified from AOCI	Amount of Gain or (Loss) Reclassified from AOCI into Earnings (Effective Portion)
	September 28, 2019			September 29, 2018		into Earnings (Effective Portion)	September 28, 2019			September 29, 2018
Derivatives in cash flow hedging relationships:
Interest rate swap contract	$	(4,539	)	$	119	Interest expense, net	$	(658	)	$	(254	)

	Amount of Gain or (Loss) Recognized in Earnings on Derivatives					Location of Gain or (Loss) Recognized
	September 28, 2019		September 29, 2018			in Earnings on Derivatives
Derivatives not designated as hedging instruments:
Forward foreign exchange contracts	$	3,973	$	(3,573	)	Foreign currency transaction gain loss, net