1 unchanged sentence
In 1997, Cognex completed construction of a 50,000 square-foot addition to this building.
−Removed: In 1995, Cognex purchased an 83,000 square-foot office building adjacent to our corporate headquarters that is occupied by employees primarily in sales, marketing, service, logistics, finance, and information technology functions.
+Added: In 1995, Cognex purchased an 83,000 square-foot office building adjacent to our corporate headquarters that is occupied by employees primarily in research, development, and engineering, sales, marketing, service, finance, and information technology functions.
In 1997, Cognex purchased a three and one-half acre parcel of land adjacent to our corporate headquarters.
2 unchanged sentences
This facility serves as the distribution center for customers in the Americas.
−Removed: In 2014, Cognex purchased a 50,000 square foot building in Cork, Ireland where we had previously leased space for several years.
+Added: In December 2021, Cognex entered into a lease for a 65,000 square-foot building in Southborough, Massachusetts for a term of 10 years to serve as a new distribution center for customers in the Americas.
+Added: The transition of the distribution center to the new facility is expected to take place during the first half of 2022.
+Added: Once the transition is complete, the 19,000 square-foot building adjacent to our corporate headquarters is expected to be held for future expansion.
+Added: In 2014, Cognex purchased a 50,000 square-foot building in Cork, Ireland.
This facility serves as the distribution center for customers outside of the Americas.
−Removed: Cognex conducts certain of its operations in leased facilities.
+Added: Cognex conducts certain of its operations in other leased facilities, predominantly research, development, and engineering, sales, and administration functions.
These lease agreements expire at various dates through 2032.
Certain of these leases contain renewal options, retirement obligations, escalation clauses, rent holidays, and leasehold improvement incentives.
+Added: Table of Content
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.