2 unchanged sentences
Interest on borrowings under our bank credit agreements are tied to prevailing domestic and foreign interest rates.
−Removed: At October 31, 2023, we had no borrowings outstanding under any of our credit facilities.
+Added: As of October 31, 2024, we had no borrowings outstanding under any of our credit facilities.
Foreign Currency Exchange Risk
34 unchanged sentences
This forward contract matured in November 2024 and we entered into a new forward contract for the same notional amount that is set to mature in November 2025.
−Removed: As of October 31, 2023, we had $1.3 million of realized gain and $0.1 million of unrealized loss, net of tax, recorded as cumulative translation adjustments in Accumulated other comprehensive loss, related to these forward contracts.
+Added: As of October 31, 2024, we had $1.2 million of realized gain and an immaterial amount of unrealized loss, 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, 2024, were as follows (in thousands, except weighted average forward rates):
−Removed: Contract Amount at
−Removed: Forward Rates in U.S.
−Removed: in Foreign Currency
+Added: Contract Amount at Forward Rates in
Sale Contracts:
−Removed: Management’s Annual Report on Internal Control over Financial Reporting
−Removed: To the Shareholders and
−Removed: Board of Directors
−Removed: of Hurco Companies, Inc.
−Removed: Management of Hurco Companies, Inc.
−Removed: (the “Company”) has assessed the effectiveness of the Company’s internal control over financial reporting as of October 31, 2023, based on criteria established in Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework) (COSO).
−Removed: Management is responsible for the Company’s financial statements, for maintaining effective internal control over financial reporting, and for its assessment of the effectiveness of internal control over financial reporting.
−Removed: Because of its inherent limitations, the Company’s internal control over financial reporting may not prevent or detect misstatements.
−Removed: Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
−Removed: In management’s opinion, the Company’s internal control over financial reporting as of October 31, 2023, was effective based on the criteria specified above.
−Removed: Our independent registered public accounting firm, RSM US LLP (“RSM”), which also audited our consolidated financial statements, audited the effectiveness of our internal control over financial reporting as of October 31, 2023.
−Removed: RSM has issued their attestation report, which is included in Part II, Item 8 of this Annual Report on Form 10-K.
−Removed: /s/ Gregory S.
−Removed: President and Chief Executive Officer
−Removed: Executive Vice President, Treasurer, and
−Removed: Chief Financial Officer
−Removed: Indianapolis, Indiana
−Removed: January 5, 2024
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.