5 unchanged sentences
Our financial results are subject to the impact of gains and losses on currency translations, which occur when the financial statements of foreign operations are translated into U.S.
−Removed: We operate a geographically diverse business with approximately 6% of our sales during the years ended December 31, 2023 and 2022, respectively, coming from our international operations in currencies other than the U.S.
+Added: We operate a geographically diverse business with approximately 5% and 6% of our sales during the years ended December 31, 2024 and 2023, respectively, coming from our international operations in currencies other than the U.S.
Because consolidated financial results are reported in U.S.
11 unchanged sentences
dollars is included in other comprehensive income.
−Removed: The impact of gains and losses on transactions denominated in currencies other than the
−Removed: functional currency of the relevant operations are included in other expense (income), net in the consolidated statements of income.
+Added: The impact of gains and losses on transactions denominated in currencies other than the functional currency of the relevant operations are included in other expense (income), net in the consolidated statements of income.
Income and expense items are translated at average exchange rates during the year.
−Removed: Net foreign currency exchange gains and losses included in other expense (income), net was a $0.6 million income for the year ended December 31, 2023.
−Removed: The foreign currency loss realized in the year ended December 31, 2023 was primarily driven by the non-permanent intercompany debt denominated in local currency and translated to U.S.
+Added: Net foreign currency exchange gains and losses included in other expense (income), net was a $0.3 million loss for the year ended December 31, 2024.
+Added: The net foreign currency (gain) loss realized in the year ended December 31, 2024 was primarily driven by the remeasurement effects of monetary assets and liabilities, including non-permanent intercompany debt denominated in a foreign currency and translated to U.S.
dollars, and was principally non-cash in nature.
12 unchanged sentences
Credit exposure is managed through credit approval and monitoring procedures.
+Added: Table of Con ten ts
Concentration of credit risk can result primarily from trade receivables, for example, with certain customers operating in the same industry or customer groups located in the same geographic region.
Credit risk related to these types of receivables is managed through credit approval and monitoring procedures.
−Removed: For the year ended December 31, 2023, we wrote off a nominal amount of bad debt on total sales of $691.1 million.
+Added: For the year ended December 31, 2024, we did not write off any bad debt on our total sales of $704.5 million but wrote off a nominal amount of bad debt in December 31, 2023.
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.
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.