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

Sep. 30, 2023

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	September 30, 2023		December 31, 2022		Location	September 30, 2023		December 31, 2022
Derivatives designated as hedging instruments:
Interest rate swap contracts	Other assets	$	12.4	$	11.1	Other non-current liabilities	$	—	$	—
Derivatives not designated as hedging instruments:
Forward foreign exchange contracts	Other current assets		0.1		1.0	Other current liabilities		0.1		—
Forward foreign exchange contracts	Other assets		—		—	Other non-current liabilities		—		0.3
Total derivatives		$	12.5	$	12.1		$	0.1	$	0.3

(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 September 30, 2023, and October 1, 2022, 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)
	September 30, 2023		October 1, 2022		into Earnings (Effective Portion)	September 30, 2023		October 1, 2022
Derivatives in cash flow hedging relationships:
Interest rate swap contracts	$	1.4	$	13.7	Interest expense, net	$	5.2	$	(1.4	)

Interest expense presented in the Consolidated Statements of Operations, in which the effects of cash flow hedges are recorded, totaled $22.6 and $11.7 for the nine months ended September 30, 2023, and October 1, 2022, respectively.


	Amount of Gain or (Loss) Recognized in Earnings on Derivatives					Location of Gain or (Loss) Recognized
	September 30, 2023			October 1, 2022		in Earnings on Derivatives
Derivatives not designated as hedging instruments:
Forward foreign exchange contracts	$	(0.1	)	$	6.4	Foreign currency transaction gain / loss, net