21 unchanged sentences
The majority of these investments pay a fixed rate of interest.
−Removed: The securities in the investment portfolio are subject to market price risk due to changes in interest rates, perceived issuer creditworthiness, marketability, and other factors.
−Removed: These investments are classified as available-for-sale
−Removed: and, consequently, are recorded on our consolidated balance sheets at fair value with unrealized gains or losses reported as a separate component of shareholders’ equity.
+Added: The securities in the investment portfolio are subject to market
+Added: price risk due to changes in interest rates, perceived issuer creditworthiness, marketability, and other factors.
+Added: These investments are primarily classified as available-for-sale and, consequently, are recorded on our consolidated balance sheets at fair value with unrealized gains or losses reported as a separate component of shareholders’ equity.
Investments in both fixed-rate and floating-rate interest earning instruments carry a degree of interest rate risk.
3 unchanged sentences
As a result of our foreign operations, we have significant expenses, assets and liabilities that are denominated in foreign currencies.
−Removed: Substantially all of our employees and most of our facilities are located in Thailand, the PRC and the U.
+Added: Substantially all of our employees and most of our facilities are located in Thailand, the PRC and the United Kingdom.
Therefore, a substantial portion of our payroll as well as certain other operating expenses are paid in Thai baht, RMB and GBP.
13 unchanged sentences
From December 28, 2019, any gains or losses related to these outstanding foreign currency forward contracts will be recorded in accumulated other comprehensive income in the consolidated balance sheets, with subsequent reclassification to the same statement of operations and comprehensive income line item as the earnings effect of hedge items when settled.
−Removed: We recorded unrealized loss of $1.2 million and unrealized gain of $4.8 million for the year ended June 26, 2020 and June 28, 2019, respectively, related to derivatives that are not designated as hedging instruments.
+Added: We recorded unrealized loss of $1.5 million and $1.2 million for the year ended June 25, 2021 and June 26, 2020, respectively, related to derivatives that are not designated as hedging instruments.
As foreign currency exchange rates fluctuate relative to the U.S.
5 unchanged sentences
As of June 25, 2021, our cash and cash equivalents were held in deposits and highly liquid investment products with maturities of three months or less with banks and other financial institutions having credit ratings of A minus or above.
−Removed: Our short-term investments as of June 26, 2020 are held in various financial institutions with a maturity limit not to exceed three years, and all securities are rated A1, P-1,
−Removed: F1 or better.
+Added: Our short-term investments as of June 25, 2021 are held in various financial institutions with a maturity limit not to exceed three years, and all securities are rated A1, P-1, F1 or better.
We continue to monitor our surplus cash and consider investment in corporate and U.S.
−Removed: government debt as well as certain available-for-sale
−Removed: securities in accordance with our investment policy.
+Added: government debt as well as certain available-for-sale and held-to-maturity securities in accordance with our investment policy.
We generally monitor the financial performance of our suppliers and customers, as well as other factors that may affect their access to capital and liquidity.
1 unchanged sentence
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.