HELIOS TECHNOLOGIES, INC. Fair Value Disclosure
4. FAIR VALUE OF FINANCIAL INSTRUMENTS
The following tables provide information regarding the Company’s assets and liabilities measured at fair value on a recurring basis at January 3, 2026 and December 28, 2024.
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January 3, 2026 |
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Significant Other |
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Significant |
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Quoted Market |
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Observable |
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Unobservable |
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Total |
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Prices (Level 1) |
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Inputs (Level 2) |
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Inputs (Level 3) |
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Assets |
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Interest rate swap contracts |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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Total |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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Liabilities |
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Contingent consideration |
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$ |
0.4 |
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$ |
— |
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$ |
— |
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$ |
0.4 |
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Total |
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$ |
0.4 |
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$ |
— |
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$ |
— |
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$ |
0.4 |
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December 28, 2024 |
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Significant Other |
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Significant |
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Quoted Market |
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Observable |
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Unobservable |
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Total |
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Prices (Level 1) |
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Inputs (Level 2) |
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Inputs (Level 3) |
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Assets |
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Interest rate swap contract |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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Total |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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Liabilities |
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Contingent consideration |
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0.4 |
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— |
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— |
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0.4 |
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Total |
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$ |
0.4 |
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$ |
— |
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$ |
— |
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$ |
0.4 |
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A summary of changes in the estimated fair value of contingent consideration at January 3, 2026 and December 28, 2024 is as follows:
Balance at December 30, 2023 |
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$ |
0.5 |
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Payment on liability |
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(0.5 |
) |
Accretion in value |
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0.4 |
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Balance at December 28, 2024 |
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$ |
0.4 |
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Payment on liability |
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— |
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Balance at January 3, 2026 |
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$ |
0.4 |
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Mar 3, 2026 | Showing above |
| 2024 | Feb 25, 2025 | |
| 2023 | Feb 27, 2024 | |
| 2022 | Feb 28, 2023 | |
| 2021 | Mar 2, 2021 | |
| 2019 | Feb 25, 2020 | |
| 2018 | Feb 26, 2019 | |
| 2017 | Feb 27, 2018 | |
| 2016 | Mar 1, 2016 | |
About Fair Value Disclosures
Fair value disclosures classify all assets and liabilities measured at fair value into a three-level hierarchy: Level 1 (quoted market prices), Level 2 (observable inputs like yield curves), and Level 3 (unobservable inputs requiring management estimates). The proportion of Level 3 assets directly reflects how much of the balance sheet depends on internal models rather than market evidence.
Key signals: a growing Level 3 balance relative to total fair-value assets increases valuation uncertainty and earnings volatility risk. Watch for transfers between levels — assets moving from Level 2 to Level 3 often signal deteriorating market liquidity. Unrealized gains and losses on Level 3 positions flow through earnings or other comprehensive income, so large swings deserve scrutiny. For financial institutions, examine the sensitivity disclosures that show how Level 3 valuations change under alternative assumptions. Compare the fair value of debt against its carrying amount to gauge hidden leverage.