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. 26, 2020

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 26, 2020		December 28, 2019		Location	September 26, 2020		December 28, 2019
Derivatives designated as hedging instruments:
Interest rate swap contract	Other assets	$	—	$	—	Other non-current liabilities	$	8,599	$	5,792
Derivatives not designated as hedging instruments:
Forward foreign exchange contracts	Other current assets		340		509	Other current liabilities		254		213
Forward foreign exchange contracts	Other assets		76		306	Other non-current liabilities		339		6
Total derivatives		$	416	$	815		$	9,192	$	6,011
⁽¹⁾ See Note 3 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 26, 2020 and September 28, 2019, 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 26, 2020			September 28, 2019			into Earnings (Effective Portion)	September 26, 2020			September 28, 2019
Derivatives in cash flow hedging relationships:
Interest rate swap contract	$	(2,807	)	$	(4,539	)	Interest expense, net	$	(2,630	)	$	(658	)

	Amount of Gain or (Loss) Recognized in Earnings on Derivatives					Location of Gain or (Loss) Recognized
	September 26, 2020			September 28, 2019		in Earnings on Derivatives
Derivatives not designated as hedging instruments:
Forward foreign exchange contracts	$	(2,513	)	$	3,973	Foreign currency transaction gain loss, net