3 unchanged sentences
The Company also determines estimates of reasonably possible losses or ranges of reasonably possible losses in excess of related accrued liabilities, if any, when it has determined that a loss is reasonably possible and it is able to determine such estimates.
−Removed: The Company’s accrued charges for certain legal contingencies are classified within accrued expenses on the Condensed Consolidated Balance Sheets included in “ ITEM 1.
−Removed: FINANCIAL STATEMENTS (UNAUDITED) ,” of Part I of this Quarterly Report on Form 10-Q.
+Added: The Company’s accrued charges for certain legal contingencies are classified within accrued expenses on the Condensed Consolidated Balance Sheets included in “ I tem 1.
+Added: F inancial S tatements (U naudited ) ,” of Part I of this Quarterly Report on Form 10-Q.
Based on currently available information, the Company cannot estimate a range of reasonably possible losses in excess of the accrued charges for legal contingencies.
2 unchanged sentences
The Company’s assessment of the current exposure could change in the event of the discovery of additional facts.
−Removed: 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.
−Removed: Risk Factors .
−Removed: The Company’s risk factors as of October 30, 2021 have not changed materially from those disclosed in Part I, “ITEM 1A.
−Removed: RISK FACTORS” of A&F’s Annual Report on Form 10-K for Fiscal 2020.
+Added: In addition, pursuant to Item 103(c)(3)(iii) of Regulation S-K under the Exchange Act, the Company is required to disclose certain information about environmental proceedings to which a governmental authority is a party if the Company reasonably believes such proceedings may result in monetary sanctions, exclusive of interest and costs, above a stated threshold.
+Added: The Company has elected to apply a threshold of $1 million for purposes of determining whether disclosure of any such proceedings is required.
+Added: The Company’s risk factors as of April 30, 2022 have not changed materially from those disclosed in Part I, “Item 1A.
+Added: Risk Factors” included on the Fiscal 2021 Form 10-K.
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.