2 unchanged sentences
Our results of operations could be affected by factors such as changes in foreign currency rates or weak economic conditions in foreign markets.
−Removed: We derive net sales in United States dollars and other currencies including Canadian dollars, Euros, Chinese renminbi, British pounds, Australian dollars, or other currencies.
+Added: We derive net sales in United States dollars and other currencies including Canadian dollars, Euros, British pounds, Australian dollars, or other currencies.
For fiscal 2024, 9.0 percent of net sales were derived in currencies other than United States dollars.
1 unchanged sentence
If we believe currency risk in any foreign location or with respect to specific sales or purchase transaction is significant, we utilize foreign exchange hedging contracts to manage our exposure to the currency fluctuations.
−Removed: The notional amount of the foreign currency agreements as of April 29, 2023 was $7.8 million, and all contracts mature within six months.
+Added: There were no foreign currency agreements outstanding as of April 27, 2024.
These contracts are marked to market each balance sheet date and are not designated as hedges.
12 unchanged sentences
Of our $81.3 million in cash balances as of April 27, 2024, $67.8 million were denominated in United States dollars, of which $0.3 million were held by our foreign subsidiaries.
−Removed: As of April 29, 2023, we had an additional $8.1 million in cash balances denominated in foreign currencies, of which $7.7 million were maintained in accounts of our foreign subsidiaries.
+Added: As of April 27, 2024, we had an additional $13.5 million in cash balances denominated in foreign currencies, of which $8.0 million was maintained in accounts of our foreign subsidiaries.
Interest Rate Risks
7 unchanged sentences
Some of these materials are sourced outside of the countries in which we manufacture our products and are subject to transportation delays.
−Removed: Any of these factors may cause a sudden increase in costs and/or limited or
−Removed: unavailable supplies.
+Added: Any of these factors may cause a sudden increase in costs and/or limited or unavailable supplies.
As a result, we may not be able to acquire key production materials on a timely basis, which could adversely impact our ability to produce products and satisfy incoming sales orders on a timely basis.
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.