3 unchanged sentences
By policy, we do not enter into investments for trading or speculative purposes.
−Removed: 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.
+Added: As of March 30, 2024, we had cash, cash equivalents and marketable securities of $239.5 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.
10 unchanged sentences
A weaker USD could have the opposite effect.
−Removed: The precise indirect effect of currency fluctuations is difficult to measure or predict because our sales are influenced by many factors in addition to the impact of such currency fluctuations.
+Added: precise indirect effect of currency fluctuations is difficult to measure or predict because our sales are influenced by many factors in addition to the impact of such currency fluctuations.
Translation Exposure
4 unchanged sentences
The percentages of our operating expenses denominated in the following currencies for the indicated periods were as follows:
−Removed: Nine Months Ended
−Removed: September 30,
−Removed: 2023 October 1,
+Added: Three Months Ended
+Added: 2024 April 1,
USD 89 % 91 %
−Removed: 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%.
+Added: If USD had appreciated or depreciated by 10%, relative to RMB, INR and GBP, our operating expenses for the first three months of 2024 would have decreased or increased by approximately $1.3 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 nine months ended September 30, 2023 was a net translation loss of $71,000.
+Added: The effect of foreign exchange rate fluctuations on our consolidated financial position for the three months ended March 30, 2024 was a net translation loss of $0.1 million.
This loss is recognized as an adjustment to stockholders’ equity through “Accumulated other comprehensive loss.”
6 unchanged sentences
These foreign exchange forward contracts typically have maturities of approximately one to two months.
−Removed: As of September 30, 2023, we had no forward contracts outstanding.
−Removed: 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.
−Removed: 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.
+Added: As of March 30, 2024, 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 (Loss).
+Added: During the three months ended March 30, 2024, the net loss we recognized related to these foreign currency denominated assets and liabilities was 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.