3 unchanged sentences
By policy, we do not enter into investments for trading or speculative purposes.
−Removed: As of July 1, 2023, we had cash, cash equivalents and marketable securities of $264.1 million, which was held primarily in cash, money market funds and highly liquid marketable securities such as U.S.
+Added: As of September 30, 2023, we had cash, cash equivalents and marketable securities of $250.1 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: Six Months Ended
+Added: Nine Months Ended
+Added: September 30,
+Added: 2023 October 1,
USD 91 % 92 %
−Removed: If USD had appreciated or depreciated by 10%, relative to RMB, INR and GBP, our operating expenses for the first six months of 2023 would have decreased or increased by approximately $2.2 million, or approximately 1%.
+Added: If USD had appreciated or depreciated by 10%, relative to RMB, INR and GBP, our operating expenses for the first nine months of 2023 would have decreased or increased by approximately $3.4 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 six months ended July 1, 2023 was a net translation loss of $37,000.
+Added: The effect of foreign exchange rate fluctuations on our consolidated financial position for the nine months ended September 30, 2023 was a net translation loss of $71,000.
This loss is recognized as an adjustment to stockholders’ equity through “Accumulated other comprehensive loss.”
Transaction Exposure
−Removed: We have certain assets and liabilities, primarily accounts receivables and accounts payable (including inter-company transactions) that are denominated in currencies other than the relevant entity’s functional currency.
+Added: We have certain assets and liabilities, primarily accounts receivable and accounts payable (including inter-company transactions) that are denominated in currencies other than the relevant entity’s functional currency.
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.
3 unchanged sentences
These foreign exchange forward contracts typically have maturities of approximately one to two months.
−Removed: 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 six months ended July 1, 2023, the net gain we recognized related to these foreign currency denominated assets and liabilities was approximately $0.3 million.
+Added: As of September 30, 2023, we had no forward contracts outstanding.
+Added: Transaction gains and losses on these foreign currency denominated assets and liabilities are recognized each period within “Other expense, net” in our Condensed Consolidated Statements of Comprehensive Income.
+Added: During the nine months ended September 30, 2023, the net loss we recognized related to these foreign currency denominated assets and liabilities was approximately $0.2 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.