2 unchanged sentences
Foreign Currency Exchange Risk
−Removed: Currently, substantially all of our sales and arrangements with third-party suppliers provide for pricing and payment in U.S.
+Added: Substantially all of our sales arrangement with customers, and the significant majority of our arrangements with third-party suppliers, provide for pricing and payment in U.S.
dollars and, therefore, are not subject to material exchange rate fluctuations.
4 unchanged sentences
dollar relative to other currencies could result in our foreign suppliers raising their prices in order to continue doing business with us .
−Removed: While not currently significant, we do have certain operating expenses that are denominated in currencies of the countries in which our operations are located, and may be subject to fluctuations due to foreign currency exchange rates, particularly the Singapore dollar, Malaysian ringgit, British pound, and euro.
+Added: We have certain operating expenses that are denominated in currencies of the countries in which our operations are located, and may be subject to fluctuations due to foreign currency exchange rates, particularly the Singapore dollar, Malaysian ringgit, British pound, euro, Korean won, and Mexican peso.
Fluctuations in foreign currency exchange rates may cause us to recognize transaction gains and losses in our statement of operations.
1 unchanged sentence
Interest Rate Risk
−Removed: We had total indebtedness of $295.0 million as of December 31, 2021, exclusive of $2.2 million in debt issuance costs, of which $7.5 million is due within 12 months.
+Added: We had total indebtedness of $302.5 million as of December 30, 2022, exclusive of $1.8 million in debt issuance costs, of which $7.5 million was payable within the next 12 months.
We do not enter into investments for trading or speculative purposes and have not used any derivative financial instruments to manage our interest rate risk exposure.
−Removed: We have not been exposed to, nor do we anticipate being exposed to, material risks due to changes in interest rates.
−Removed: As of December 31, 2021, the interest rate on our outstanding debt is based on BSBY, plus an applicable rate depending on our leverage ratio.
−Removed: A hypothetical 100 basis point change in the interest rate on our outstanding debt would have resulted in a $1.9 million and $2.0 million change to interest expense during 2021 and 2020, respectively.
+Added: We have not been, nor do we anticipate being exposed to, material risks due to changes in interest rates.
+Added: As of December 30, 2022, the interest rate on our outstanding debt was based on the Bloomberg Short-Term Bank Yield Index, plus an applicable rate depending on our leverage ratio.
+Added: A hypothetical 100 basis point change in the interest rate on our outstanding debt would have resulted in a $3.0 million change to interest expense on an annualized basis .
+Added: FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
+Added: The financial statements and supplementary financial information required to be filed under this Item 8 are presented beginning on page F‑1 in Part IV, Item 15 of this annual report on Form 10‑K and are incorporated herein by reference.
+Added: CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
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.