3 unchanged sentences
Sensitivity analysis measures the impact of hypothetical changes in interest rates, foreign exchange rates and other market rates or prices on the profitability of market-sensitive financial instruments and our results of operations.
+Added: While we are exposed to market risk from foreign currency and exchange rate fluctuation, we do not have significant exposures to interest rate changes or commodity prices nor do we expect to have significant exposure to interest rate changes or commodity prices in the foreseeable future.
Foreign Currency Risk
−Removed: The majority of our net sales, expense, and capital purchases were transacted in U.S.
−Removed: However, exposure with respect to foreign exchange rate fluctuation existed due to our operations in Canada, the United Kingdom (U.K.), Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama and Germany, albeit each individually and in the aggregate to a small extent.
+Added: The majority of our net sales, expenses and capital purchases were transacted in U.S.
+Added: However, exposure with respect to foreign exchange rate fluctuation existed due to our operations in Canada, the United Kingdom (U.K.), Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama and Germany.
+Added: Throughout 2022, we commenced operations in the Dominican Republic, Greece, New Zealand, Chile and Poland, albeit each individually and in the aggregate to a small extent.
As of December 31, 2022, our largest international operations were in Canada.
−Removed: Based on fiscal 2021 performance, a hypothetical decline in the value of the Canadian dollar in relation to the U.S.
−Removed: dollar of 10% would negatively impact operating income by approximately $0.8, million while a hypothetical appreciation of 10% in the value of the Canadian dollar in relation to the U.S.
−Removed: dollar would favorably impact operating income by approximately $0.3 million.
+Added: Based on fiscal 2022 performance, a hypothetical appreciation or decline in the value of the Canadian dollar in relation to the U.S.
+Added: dollar of 10% would have an immaterial impact on operating income.
The individual impacts to the operating income of hypothetical currency fluctuations in the Canadian dollar have been calculated in isolation from any potential responses to address such exchange rate changes in our other foreign markets.
5 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.