29 unchanged sentences
COLUMBIA SPORTSWEAR COMPANY | 2022 FORM 10-Q | 34
−Removed: Notes to Condensed Consolidated Financial Statements (Unaudited)
magnitude by which global weather patterns trend warmer will influence the extent to which consumer and customer demand for our outerwear products will be negatively affected.
26 unchanged sentences
In addition, we may experience additional costs relating to the storage of excess inventory.
−Removed: Conversely, if we underestimate consumer and/or customer demand for our products or if our contract manufacturers or third-party logistics providers are unable to supply or deliver products when we need them, we may experience and have been experiencing inventory shortages,
+Added: Conversely, if we underestimate consumer and/or customer demand for our products or if our contract manufacturers or third-party logistics providers are unable to supply or deliver products when we need them, we may experience inventory shortages, which may prevent us from
COLUMBIA SPORTSWEAR COMPANY | 2022 FORM 10-Q | 35
−Removed: Notes to Condensed Consolidated Financial Statements (Unaudited)
−Removed: which may prevent us from fulfilling product orders resulting in lost sales, delay shipments of product, negatively affect our wholesale customer and consumer relationships, result in increased costs to expedite production and delivery, or diminish our ability to build brand loyalty.
+Added: fulfilling product orders resulting in lost sales, delay shipments of product, negatively affect our wholesale customer and consumer relationships, result in increased costs to expedite production and delivery, or diminish our ability to build brand loyalty.
WE ARE SUBJECT TO VARIOUS RISKS IN OUR SUPPLY CHAIN.
24 unchanged sentences
A small number of third-party logistics providers currently consolidate, deconsolidate and/or transload almost all of our products.
−Removed: Any disruption in the operations of these providers or changes to the costs they
+Added: Any disruption in the operations of these providers or changes to the costs they charge, due to capacity constraints, volatile fuel prices or otherwise, could materially impact our sales and profitability.
+Added: A prolonged disruption
COLUMBIA SPORTSWEAR COMPANY | 2022 FORM 10-Q | 36
−Removed: Notes to Condensed Consolidated Financial Statements (Unaudited)
−Removed: charge, due to capacity constraints, volatile fuel prices or otherwise, could materially impact our sales and profitability.
−Removed: A prolonged disruption in the operations of these providers could also require us to seek alternative distribution arrangements, which may not be available on attractive terms and could lead to delays in distribution of products, either of which could have a significant and material adverse effect on our business, results of operations and financial condition.
+Added: in the operations of these providers could also require us to seek alternative distribution arrangements, which may not be available on attractive terms and could lead to delays in distribution of products, either of which could have a significant and material adverse effect on our business, results of operations and financial condition.
In addition, the ability to move products over larger geographical distances could be (as is currently the case) constrained by ocean, air and trucking cargo capacity, or disrupted by limitations at ports or borders.
7 unchanged sentences
Our ability to meet consumer and customer expectations, manage inventory, complete sales, and achieve our objectives for operating efficiencies depends on the proper operation of our existing distribution facilities, as well as the facilities of third-parties, the development or expansion of additional distribution capabilities and services, and the timely performance of services by third-parties, including those involved in moving products to and from our distribution facilities and facilities operated by third-parties.
+Added: The uneven flow of inventory receipts during peak times at our distribution centers may cause us to miss delivery deadlines, as we work through inventory, which in turn may cause our customers to cancel their orders, refuse to accept deliveries or demand a reduction in purchase price.
OUR INVESTMENT IN STRATEGIC PRIORITIES EXPOSES US TO CERTAIN RISKS
12 unchanged sentences
COLUMBIA SPORTSWEAR COMPANY | 2022 FORM 10-Q | 37
−Removed: Notes to Condensed Consolidated Financial Statements (Unaudited)
We May Not Realize Returns on Our Fixed Cost Investments in Our DTC Business Operations.
28 unchanged sentences
COLUMBIA SPORTSWEAR COMPANY | 2022 FORM 10-Q | 38
−Removed: Notes to Condensed Consolidated Financial Statements (Unaudited)
incident, we cannot be certain that our existing coverage will continue to be available on acceptable terms or will be available, and in sufficient amount, to cover the potentially significant losses that could result from a cybersecurity incident or that the insurer will not deny coverage as to any future claims.
29 unchanged sentences
COLUMBIA SPORTSWEAR COMPANY | 2022 FORM 10-Q | 39
−Removed: Notes to Condensed Consolidated Financial Statements (Unaudited)
Certain of Our Products Are Subject to Product Regulations and/or Carry Warranties, Which May Cause an Increase to Our Expenses in the Event of Non-Compliance and/or Warranty Claims.
31 unchanged sentences
These risks include, but are not limited to, the burden of complying with, and unexpected changes to, foreign and domestic laws and regulations, such as anti-corruption and forced labor regulations and sanctions regimes, climate-change regulations, the effects of fiscal and political crises and political and economic disputes, changes in diverse consumer preferences, foreign currency exchange rate fluctuations, managing a diverse and widespread workforce, political unrest, terrorist acts, military operations, disruptions or delays in shipments, disease outbreaks, natural disasters, and changes in economic conditions in countries in which we contract to manufacture, source raw materials or sell products.
−Removed: Our ability to sell products in certain markets, demand for our products in certain markets, our ability to collect accounts receivable, our contract manufacturers' ability to procure raw materials or manufacture products, distribution and logistics providers' ability to operate, our ability to operate brick and mortar stores, our workforce, and our cost of doing business (including the cost of freight and logistics) may be impacted by these events should they occur.
−Removed: Our exposure to these risks is heightened in Vietnam, where a significant portion of our contract manufacturing is located, and in China,
+Added: Our ability to sell products in certain markets, demand for our products in certain markets, our ability to collect accounts receivable, our contract manufacturers' ability to procure raw materials or manufacture products, distribution and logistics providers' ability to operate, our ability to operate brick and mortar stores, our workforce, and our cost of doing business (including the cost of freight and logistics) may be impacted by these events should they occur and laws and regulations.
+Added: Our exposure to these risks is heightened in Vietnam, where a significant portion of our contract manufacturing is
COLUMBIA SPORTSWEAR COMPANY | 2022 FORM 10-Q | 40
−Removed: Notes to Condensed Consolidated Financial Statements (Unaudited)
−Removed: where a large portion of the raw materials used in our products is sourced by our contract manufacturers.
+Added: located, and in China, where a large portion of the raw materials used in our products is sourced by our contract manufacturers.
Should certain of these events occur in Vietnam or China, they could cause a substantial disruption to our business and have a material adverse effect on our financial condition, results of operations and cash flows.
5 unchanged sentences
In addition, goods suspected of being manufactured with forced labor could be blocked from importation into the U.S., which could materially impact sales.
−Removed: In connection with the United Kingdom's recent exit from the European Union (commonly referred to as "Brexit"), on December 24, 2020, the European Union ("E.U.") and the United Kingdom ("U.K.") reached an agreement, the E.U.-U.K.
+Added: In connection with the United Kingdom's exit from the European Union (commonly referred to as "Brexit"), on December 24, 2020, the European Union ("E.U.") and the United Kingdom ("U.K.") reached an agreement, the E.U.-U.K.
Trade and Cooperation Agreement, to govern aspects of the relationship of the E.U.
20 unchanged sentences
COLUMBIA SPORTSWEAR COMPANY | 2022 FORM 10-Q | 41
−Removed: Notes to Condensed Consolidated Financial Statements (Unaudited)
WE ARE SUBJECT TO NUMEROUS OPERATIONAL RISKS
9 unchanged sentences
social distancing) or other disruptions.
−Removed: The foregoing includes potential impacts to our business as a result of the International Longshore & Warehouse Union negotiations.
+Added: The foregoing includes potential impacts to our business as a result of the International Longshore and Warehouse Union negotiations.
Labor matters may have a material adverse effect on our business, potentially resulting in canceled orders by customers, inability to fulfill potential e-commerce demand, unanticipated inventory accumulation and reduced net sales and net income.
13 unchanged sentences
If an event of default were to occur, the lenders could, among other things, declare outstanding amounts due and payable.
−Removed: In addition, if the financial markets were to return to recessionary conditions, the ability of one or more of the banks participating in our credit agreement to honor their commitments thereunder could be impaired.
+Added: If we were to borrow under our credit agreements we would be subject to market interest rates and may incur additional interest expense when borrowing in a high interest rate environment.
Acquisitions Are Subject to Many Risks.
2 unchanged sentences
COLUMBIA SPORTSWEAR COMPANY | 2022 FORM 10-Q | 42
−Removed: Notes to Condensed Consolidated Financial Statements (Unaudited)
Acquisitions may also cause us to incur debt or result in dilutive issuances of our equity securities.
19 unchanged sentences
COLUMBIA SPORTSWEAR COMPANY | 2022 FORM 10-Q | 43
−Removed: Notes to Condensed Consolidated Financial Statements (Unaudited)
• Impair the financial health of certain of our wholesale customers (see "We are Subject to a Number of Risks Which May Adversely Affect Consumer and/or Wholesale Customer Demand for Our Products and Lead to a Decline in Sales and/or Earnings");
23 unchanged sentences
COLUMBIA SPORTSWEAR COMPANY | 2022 FORM 10-Q | 44
−Removed: Notes to Condensed Consolidated Financial Statements (Unaudited)
In addition, from time to time we license the right to operate retail stores for our brands to third-parties, primarily to our independent international distributors.
7 unchanged sentences
Certain Shareholders Have Substantial Control Over us and Are Able to Influence Corporate Matters.
−Removed: As of March 31, 2022, three related shareholders, Timothy P.
+Added: As of June 30, 2022, three related shareholders, Timothy P.
Boyle, Joseph P.
14 unchanged sentences
Any such issuance could result in substantial dilution to our existing shareholders and cause the market price of our common stock to decline.
+Added: COLUMBIA SPORTSWEAR COMPANY | 2022 FORM 10-Q | 45
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.