14 unchanged sentences
At quarter end and year end any foreign currency hedges not settled are netted on the condensed consolidated balance sheet and consolidated balance sheet, respectively, and classified as Level 3 assets and liabilities.
−Removed: As June 30, 2025 and December 31, 2024, the net change in fair value from the placement of the hedge to settlement at each month end during the quarter had a de minimis impact to the condensed consolidated results.
+Added: As September 30, 2025 and December 31, 2024, the net change in fair value from the placement of the hedge to settlement at each month end during the quarter had a de minimis impact to the condensed consolidated results.
The functional currency for our foreign operations is the renminbi, the local currency of China, and in the future we may establish short term hedges covering renminbi.
17 unchanged sentences
Interest Rate
+Added: September 30,
Cash, restricted cash and cash equivalents
9 unchanged sentences
The credit risk in our accounts receivable is mitigated by our credit evaluation process and the broad dispersion of sales transactions.
−Removed: One customer accounted for more than 10% of our accounts receivable balance as of June 30, 2025 and December 31, 2024, respectively.
+Added: Three customers accounted for more than 10% of our accounts receivable balance as of September 30, 2025 and one customer accounted for more than 10% of our accounts receivable balance as of December 31, 2024
Impairment of Equity Investment Risk
4 unchanged sentences
Reasons for other-than-temporary declines in value include whether the related company would have insufficient cash flow to operate for the next twelve months, significant changes in the operating performance and changes in market conditions.
−Removed: Our minority investments under the equity method as of June 30, 2025 and December 31, 2024 totaled $14.3 million and $14.1 million, respectively.
−Removed: Our minority investment under the fair value method as of June 30, 2025 and December 31, 2024 totaled $0.4 million and $0.6 million, respectively.
−Removed: See Note 7 for a discussion on the new fair value method investment.
+Added: Our minority investments under the equity method as of September 30, 2025 and December 31, 2024 totaled $14.6 million and $14.1 million, respectively.
+Added: Our minority investment under the fair value method as of September 30, 2025 and December 31, 2024 totaled $0.7 million and $0.6 million, respectively.
+Added: See Note 7 for a discussion on the fair value method investment.
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.