4 unchanged sentences
If we do not effectively manage the risks associated with this currency risk, our revenue, cash flows and financial condition could be adversely affected.
−Removed: During 2024, 2023 and 2022, we recorded a foreign exchange gain of $0.1 million, $0.2 million and $1.6 million, respectively.
+Added: During 2025, we recorded a foreign exchange loss of $74,000, during 2024 and 2023 we recorded a foreign exchange gain of $0.1 million and $0.2 million, respectively.
We incur foreign currency transaction exchange gains and losses due to operations in general.
6 unchanged sentences
We measure the fair value of these hedges at each month end and quarter end using current exchange rates and in accordance with generally accepted accounting principles.
−Removed: At quarter end and year end any foreign currency hedges not settled are netted on the consolidated balance sheet and consolidated balance sheet, respectively, and classified as Level 3 assets and
+Added: At quarter end and year end any foreign currency hedges not settled are netted on the consolidated balance sheet and consolidated balance sheet, respectively, and classified as Level 3 assets and liabilities.
As of December 31, 2025 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 consolidated results.
16 unchanged sentences
Balance as of
−Removed: Projected Annual
Interest Rate
10 unchanged sentences
The credit risk in our accounts receivable is mitigated by our credit evaluation process and the geographical dispersion of sales transactions.
−Removed: One customer accounted for more than 10% of our accounts receivable as of December 31, 2024 and no customer accounted for more than 10% of our accounts receivable as of December 31, 2023.
+Added: One customer accounted for more than 10% of our accounts receivable as of December 31, 2025 and 2024.
As part of our supply chain strategy, we maintain minority investments in privately held raw material companies located in China either invested directly by us and our subsidiaries or through our consolidated joint venture companies.
10 unchanged sentences
Our inability or failure to do so could harm our business, consolidated results of operations or financial condition.
−Removed: Consolidated Financial Statements and Supplement ary Data
+Added: Consolidated Financial Statements and Supplementary Data
The consolidated financial statements, related notes thereto and financial statement schedules required by this item are listed and set forth beginning on page 72, and are incorporated by reference here.
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.