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

Quarterly report pursuant to Section 13 or 15(d)

Derivative Instruments & Hedging Activities (Tables)

Derivative Instruments & Hedging Activities (Tables)

9 Months Ended

Oct. 02, 2021

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivative Financial Instruments Included in Consolidated Balance Sheets

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	October 2, 2021		January 2, 2021		Location	October 2, 2021		January 2, 2021
Derivatives designated as hedging instruments:
Interest rate swap contracts	Other assets	$	586	$	—	Other non-current liabilities	$	4,546	$	7,679
Derivatives not designated as hedging instruments:
Forward foreign exchange contracts	Other current assets		513		169	Other current liabilities		56		1,413
Forward foreign exchange contracts	Other assets		172		42	Other non-current liabilities		—		138
Total derivatives		$	1,271	$	211		$	4,602	$	9,230
(1) See Note 4 for information regarding the inputs used in determining the fair value of derivative assets and liabilities.

Schedule of Gains and Losses Related to Derivative Financial Instruments

The amount of gains and losses related to the Company’s derivative financial instruments for the nine months ended October 2, 2021 and September 26, 2020, are presented as follows:


	Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivatives (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)
	October 2, 2021		September 26, 2020			into Earnings (Effective Portion)	October 2, 2021			September 26, 2020
Derivatives in cash flow hedging relationships:
Interest rate swap contracts	$	3,718	$	(2,807	)	Interest expense, net	$	(3,137	)	$	(2,630	)

Interest expense presented in the Consolidated Statements of Operations, in which the effects of cash flow hedges are recorded, totaled $12,965 and $8,572 for the nine months ended October 2, 2021 and September 26, 2020, respectively.


	Amount of Gain or (Loss) Recognized in Earnings on Derivatives					Location of Gain or (Loss) Recognized
	October 2, 2021		September 26, 2020			in Earnings on Derivatives
Derivatives not designated as hedging instruments:
Forward foreign exchange contracts	$	3,401	$	(2,513	)	Foreign currency transaction gain loss, net