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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2022-02-28 compared with 2021-03-01 · 2 added, 1 removed, 27 unchanged (10% of the section changed)
13 unchanged sentences
dollar weakens against those currencies, the foreign denominated net assets and operating results become more valuable in our reporting currency.
−Removed: At each reporting date, the fluctuation in the value of the net assets and operating results due to foreign exchange rate changes is recorded as an adjustment to other comprehensive income (loss) in equity.
+Added: At each reporting date, the fluctuation in the value of the net assets and operating results due to foreign exchange rate changes is recorded as an adjustment to other comprehensive income in equity.
We view our investments in foreign subsidiaries as long-term and do not hedge the net investments in foreign subsidiaries.
9 unchanged sentences
The most significant component of our inventory is steel.
+Added: Significant increases in the market price of steel can negatively impact our gross profit as we are often unable to pass along all of these price increases to our customers.
A significant decline in the market price of steel could result in a decline in the market value of our equipment or parts.
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.