4 unchanged sentences
Foreign Currency Exchange Risk
−Removed: In fiscal 2021, we derived approximately 63% of our revenues from customers located outside of the Americas, where we invoiced and received payments in several foreign currencies.
+Added: In fiscal year 2022, we derived approximately 62% of our revenues from customers located outside of the Americas, where we invoiced and received payments in several foreign currencies.
All of our computerized machine tools and computer control systems, as well as certain proprietary service parts, are sourced by our U.S.-based engineering and manufacturing division and re-invoiced to our foreign sales and service subsidiaries, primarily in their functional currencies.
21 unchanged sentences
Sale Contracts:
−Removed: Nov 2021 - Jul 2022
−Removed: Jan 2022 - Feb 2022
+Added: Nov 2022 - Dec 2022
Purchase Contracts:
8 unchanged sentences
This forward contract matured in November 2022 and we entered into a new forward contract for the same notional amount that is set to mature in November 2023.
−Removed: As of October 31, 2021, we had $813,000 of realized gain and $98,000 of unrealized gain, net of tax, recorded as cumulative translation adjustments in Accumulated other comprehensive loss, related to these forward contracts.
+Added: As of October 31, 2022, we had $0.9 million of realized gain and $0.4 million of unrealized gain, net of tax, recorded as cumulative translation adjustments in Accumulated other comprehensive loss, related to these forward contracts.
Forward contracts designated as net investment hedges under this guidance as of October 31, 2022, were as follows (in thousands, except weighted average forward rates):
−Removed: Contract Amount at Forward Rates in
+Added: Contract Amount at
+Added: Forward Rates in U.S.
+Added: in Foreign Currency
Sale Contracts:
18 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.