3 unchanged sentences
Based on currently available information, and except as disclosed herein, the Company does not believe that the existence of any of the legal disputes the Company or its subsidiaries is currently involved in will have a material adverse effect upon the Company’s consolidated financial position, results of operations or cash flows, except for the U.S.
−Removed: Consumer Product Safety Commission (“CPSC”) matter discussed below.
+Added: Consumer Product Safety Commission (“CPSC”) and Department of Justice matters discussed below.
It is possible that, as additional information becomes available, the impact on the Company of an adverse determination could have a different effect.
6 unchanged sentences
When it is not possible to estimate a specific expected cost to be incurred, the Company evaluates the range of probable loss and records the minimum end of the range.
−Removed: Based on currently available information, and except as set forth herein, the Company does not believe that it is reasonably possible that the disposition of any of the legal disputes the Company or its subsidiaries is currently involved in will have a material adverse effect upon the Company’s consolidated financial condition, results of operations or cash flows, except for the CPSC matter discussed below.
+Added: Based on currently available information, and except as set forth herein, the Company does not believe that it is reasonably possible that the disposition of any of the legal disputes the Company or its subsidiaries is currently involved in will have a material adverse effect upon the Company’s consolidated financial condition, results of operations or cash flows, except for the CPSC and Department of Justice matters discussed below.
There is a reasonable possibility of loss from contingencies in excess of the amounts accrued by the Company in the accompanying condensed consolidated balance sheets;
31 unchanged sentences
Pursuant to the Company’s by-laws, the Company has agreed to indemnify Mr.
−Removed: Walbrecht and pay his legal fees, and he has provided an undertaking to the Company that the Company will be entitled to recover those expenses if it is ultimately determined that he was not entitled to indemnification.
+Added: Walbrecht and pay his legal fees in connection with the occurrences described above, and he has provided an undertaking to the Company that the Company will be entitled to recover those expenses if it is ultimately determined that he was not entitled to indemnification.
On August 26, 2024, Mr.
4 unchanged sentences
The Company has cooperated with that investigation, substantially completed document production, and delivered a narrative explanatory letter to the CPSC on June 18, 2025.
+Added: The Company has heard nothing further from the CPSC regarding the matters in the CPSC’s March 13, 2025 letter.
Based on currently available information, the Company believes an unfavorable outcome with the CPSC is probable, however, we cannot reasonably estimate on what terms this matter will be resolved with the CPSC or the U.S.
2 unchanged sentences
The Company does not have a better estimate of the loss;
−Removed: therefore the low-end of the range was recorded as an accrued liability during the first quarter of 2024 and a corresponding expense is
+Added: therefore the
CLARUS CORPORATION
−Removed: included in legal costs and regulatory matter expenses in the consolidated statements of comprehensive (loss) income.
+Added: low-end of the range was recorded as an accrued liability during the first quarter of 2024 and a corresponding expense is included in legal costs and regulatory matter expenses in the consolidated statements of comprehensive (loss) income.
Any penalties imposed by the CPSC or other regulators, could be costly to us and could damage our business and reputation as well as have a material adverse effect on the Company’s liquidity, stock price, consolidated financial position, results of operations and/or cash flows.
2 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.