Helios Technologies Annual report pursuant to Section 13 and 15(d)

Derivative Instruments & Hedging Activities (Tables)

12 Months Ended

Jan. 02, 2021

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

	Asset Derivatives					Liability Derivatives
	Balance Sheet	Fair Value ⁽¹⁾		Fair Value ⁽¹⁾		Balance Sheet	Fair Value ⁽¹⁾		Fair Value ⁽¹⁾
	Location	January 2, 2021		December 28, 2019		Location	January 2, 2021		December 28, 2019
Derivatives designated as hedging instruments:
Interest rate swap contract	Other assets	$	—	$	—	Other non-current liabilities	$	7,679	$	5,792

Derivatives not designated as hedging instruments:
Forward foreign exchange contracts	Other current assets		169		509	Other current liabilities		1,413	213
Forward foreign exchange contracts	Other assets		42		306	Other non-current liabilities		138		6
Total derivatives		$	211	$	815		$	9,230	$	6,011
⁽¹⁾See Note 4 for information regarding the inputs used in determining the fair value of derivative assets and liabilities.

The amount of gains and losses related to the Company’s derivative financial instruments for the 2020 and 2019 years are presented as follows:

	Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion)						Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income	Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings (Effective Portion)
	January 2, 2021			December 28, 2019			into Earnings (Effective Portion)	January 2, 2021			December 28, 2019
Derivatives in cash flow hedging relationships:
Interest rate swap contract	$	(1,887	)	$	(3,482	)	Interest expense, net	$	(3,712	)	$	(1,110	)

	Amount of Gain or (Loss) Recognized in Earnings on Derivatives					Location of Gain or (Loss) Recognized
	January 2, 2021			December 28, 2019		in Earnings on Derivatives
Derivatives not designated as hedging instruments:
Forward foreign exchange contracts	$	(5,458	)	$	2,863	Foreign currency transaction gain loss, net