The Company is headquartered in West Orange, New Jersey.
−Removed: The Compan y occupies 294,000 square feet at 18 non-manufacturing facilities , which are used primarily for management, financial accounting, engineering, sales and administrative support.
−Removed: Of this space, the Company leases 187,000 square feet in 13 facilities and owns properties of 107,000 square feet.
−Removed: The Company also operate d 19 manufacturing facilities in 7 c oun tries as of December 31, 2023.
−Removed: Approximately 13% of the 2.4 million square feet the Co mpany occupies is owned while the remainder is leased.
+Added: The Company occupies 304,000 square feet of non-manufacturing space, which is used primarily for management, financial accounting, engineering, sales and administrative support.
+Added: Of this space, the Company leases 197,000 square feet and owns properties of 107,000 square feet.
+Added: The Company also operate d manufacturing facilities in 8 coun tries as of December 31, 2024, as detailed below.
+Added: Approximately 14% of the 2.3 million square feet the Company occupies is owned while the remainder is leased.
See Note 19, "Commitments and Contingencies" , for additional information pertaining to leases.
4 unchanged sentences
Percentage Used for Manufacturing
−Removed: Dongguan, People's Republic of China
+Added: Dongguan, PRC
Magnetic Solutions
−Removed: Pingguo, People's Republic of China
Magnetic Solutions
−Removed: Shenzhen, People's Republic of China
+Added: Shenzhen, PRC
Power Solutions & Protection
−Removed: Zhongshan, People's Republic of China
+Added: Zhongshan, PRC
All three product groups
−Removed: Zhongshan, People's Republic of China
+Added: Zhongshan, PRC
All three product groups
−Removed: Zhongshan, People's Republic of China
+Added: Zhongshan, PRC
All three product groups
−Removed: Guangxi, People's Republic of China
Magnetic Solutions
23 unchanged sentences
Connectivity Solutions
+Added: Belmont, New Hampshire
+Added: Power Solutions & Protection
+Added: Haryana, India
+Added: Power Solutions & Protection
+Added: Netanya, Israel
+Added: Power Solutions & Protection
Of the space described above, 428,000 square feet is used for engineering, warehousing, sales and administrative support functions at various locations and 406,000 square feet is designated for dormitories, canteen and other employee related facilities in the PRC.
1 unchanged sentence
The territory of Macao became a SAR of the PRC at the end of 1999.
−Removed: Management cannot presently predict what future impact, if any, this will have on the Company or how the political climate in the PRC will affect its contractual arrangements in the PRC.
−Removed: A significant portion of the Company's manufacturing operations and approximately 21.6% of its id entifiable assets are located in Asia.
+Added: Management cannot presently predict what future impact the current status of these territories, along with evolving political landscape in the region, will have on the Company, if any, or how the political climate in the PRC will affect the Company's contractual arrangements in the PRC (including risks arising out of any changes in governmental and economic policy, such as increased or new tariffs, and current or additional trade restrictions, and the potential for adverse developments arising out of any political or economic instability related to Hong Kong or Taiwan).
+Added: A significant portion of the Company's manufacturing operations and approximately 30.8% of its identifiable assets are located in Asia.
Legal Proceedings
3 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.