3 unchanged sentences
By policy, we do not enter into investments for trading or speculative purposes.
−Removed: As of April 2, 2022, we had cash, cash equivalents and marketable securities of $213.1 million, which was held primarily in cash, money market funds and highly liquid marketable securities such as U.S.
+Added: As of July 2, 2022, we had cash, cash equivalents and marketable securities of $224.9 million, which was held primarily in cash, money market funds and highly liquid marketable securities such as U.S.
government agency securities and commercial paper.
17 unchanged sentences
The percentages of our operating expenses denominated in the following currencies for the indicated periods were as follows:
−Removed: Three Months Ended
−Removed: 2022 April 3,
+Added: Six Months Ended
USD 92 % 92 %
−Removed: If USD had appreciated or depreciated by 10%, relative to RMB, GBP and INR, our operating expenses for the first three months of 2022 would have decreased or increased by approximately $0.6 million, or approximately 1%.
−Removed: We do not currently enter into forward exchange contracts to hedge exposure denominated in foreign currencies or any derivative financial instruments.
−Removed: In the future, we may consider entering into hedging transactions to help mitigate our foreign currency exchange risk.
+Added: If USD had appreciated or depreciated by 10%, relative to RMB, GBP and INR, our operating expenses for the first six months of 2022 would have decreased or increased by approximately $1.4 million, or approximately 1%.
Foreign exchange rate fluctuations may also adversely impact our financial position as the assets and liabilities of our foreign operations are translated into USD in preparing our Condensed Consolidated Balance Sheets.
−Removed: The effect of foreign exchange rate fluctuations on our consolidated financial position for the three months ended April 2, 2022 was a net translation loss of $0.1 million.
+Added: The effect of foreign exchange rate fluctuations on our consolidated financial position for the six months ended July 2, 2022 was a net translation loss of $0.5 million.
This loss is recognized as an adjustment to stockholders’ equity through “Accumulated other comprehensive loss.”
2 unchanged sentences
In certain circumstances, changes in the functional currency value of these assets and liabilities create fluctuations in our reported consolidated financial position, cash flows and results of operations.
+Added: Periodically, we use derivatives to hedge against fluctuations in foreign exchange rates.
+Added: We do not enter into derivatives for speculative or trading purposes.
+Added: We use foreign currency forward contracts to mitigate variability in gains and losses generated from the re-measurement of certain assets denominated in foreign currencies.
+Added: These foreign exchange forward contracts typically have maturities of approximately one to two months.
Transaction gains and losses on these foreign currency denominated assets and liabilities are recognized each period within “Other income (expense), net” in our Condensed Consolidated Statements of Comprehensive Income.
−Removed: During the three months ended April 2, 2022, the net gain we recognized related to these foreign exchange assets and liabilities of approximately $41,000.
+Added: During the six months ended July 2, 2022, the net loss we recognized related to these foreign exchange assets and liabilities of approximately $0.1 million.
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.