5 unchanged sentences
We do not hold any financial instruments for trading purposes.
−Removed: We also hedge a portion of the floating interest rate on our long-term line of credit through a floating-to-fixed interest rate swap.
+Added: We also hedge a portion of the floating interest rate on our long-term line of credit through two floating-to-fixed interest rate swaps.
The primary measure of interest rate risk is the simulation of net income under different interest rate environments.
6 unchanged sentences
We are subject to market risk due to changes in the value of foreign currencies in relation to our reporting currency, the U.S.
−Removed: We have operations in Canada and Brazil, which primarily transact business in local currencies.
+Added: We have operations in Canada, Brazil, Belgium, and Australia which primarily transact business in local currencies.
We manage these operating activities locally.
1 unchanged sentence
However, our consolidated financial results are reported in U.S.
−Removed: Thus, changes in exchange rates between the Canadian dollar and Brazilian Real, versus the U.S.
+Added: Thus, changes in exchange rates between the Canadian dollar, Brazilian Real, Euro, and Australian dollar versus the U.S.
dollar, will impact our reported financial results.
−Removed: From time to time, we enter into forward purchase foreign currency contracts, generally with an original maturity date of less than one year, to hedge foreign currency risk (see Note 4 of the Notes to Consolidated Financial Statements in Item 8 of this Form 10-K).
+Added: From time to time, we enter into forward purchase foreign currency contracts, generally with an original maturity date of less than one year, to hedge foreign currency risk (see Note 4).
Sales from our domestic operations are generally denominated in U.S.
4 unchanged sentences
As a result, commodity costs can be volatile.
−Removed: Commodity costs are influenced by numerous factors beyond our control, including general economic conditions, the availability of raw materials, competition, labor costs, freight and transportation costs, production costs, import duties and other trade restrictions.
−Removed: We principally manage our exposures to the market fluctuations in the aluminum industry through fixed/floating rate swaps and forward purchase agreements.
+Added: Commodity costs are influenced by numerous factors beyond our control, including general economic conditions, the availability of raw materials, competition, labor costs, freight and transportation costs, production costs, tariffs, import duties and other trade restrictions.
+Added: We principally manage our exposures to the market fluctuations in the aluminum industry through forward purchase agreements.
Although we have the ability to purchase aluminum from a number of suppliers, a production cutback by one or more of our current suppliers could create challenges in meeting delivery schedules to our customers.
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.