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What changed 10-K
Item 3. Legal Proceedings
2021-03-29 compared with 2020-03-31 · 2 added, 1 removed, 11 unchanged (21% of the section changed)
Legal Proceedings
−Removed: The Company is a defendant in lawsuits and other adversary proceedings arising in the ordinary course of business.
+Added: The Company is a defendant in lawsuits and other adversarial proceedings arising in the ordinary course of business.
The Company’s legal costs incurred in connection with the resolution of claims and lawsuits are generally expensed as incurred, and the Company establishes estimated liabilities for the outcome of litigation where losses are deemed probable and the amount of loss, or range of loss, is reasonably estimable.
6 unchanged sentences
The Company’s assessment of the current exposure could change in the event of the discovery of additional facts.
+Added: In addition, the Company notes that in connection with the SEC’s recent modernization of the disclosures of legal proceedings required under Item 103 of Regulation S-K, the Company has elected to apply the threshold of $1 million in potential monetary sanctions (with such amount being the lesser of $1 million or 1% of the current assets of the Company on a consolidated basis) pursuant to Item 103(c)(3)(iii) of Regulation S-K in connection with determining the required disclosure with respect to environmental proceedings to which a governmental authority is a party.
Mine Safety Disclosures
1 unchanged sentence
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.