−Removed: Item 4 – Controls and Procedures
−Removed: Evaluation of Disclosure Controls and Procedures
−Removed: Our management, under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of our disclosure controls and procedures as of March 28, 2020 .
−Removed: The term "disclosure controls and procedures," as defined in Securities Exchange Act Rules 13a-15(e) and 15d-15(e), means controls and other procedures of a company that are designed to ensure that information required to be disclosed by the company in the reports that it files or submits under the Exchange Act is recorded, processed, summarized, and reported, within the time periods specified in the SEC's rules and forms.
−Removed: Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by a company in the reports that it files or submits under the Exchange Act is accumulated and communicated to the company's management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.
+Added: Item 4 – Controls and Procedures (continued)
+Added: accumulated and communicated to the company's management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.
Management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving their objectives and management necessarily applies its judgment in evaluating the cost-benefit relationship of possible controls and procedures.
−Removed: Based upon the evaluation of our disclosure controls and procedures as of March 28, 2020 , our Chief Executive Officer and Chief Financial Officer concluded that as of March 28, 2020 , our disclosure controls and procedures were effective at the reasonable assurance level.
+Added: Based upon the evaluation of our disclosure controls and procedures as of June 27, 2020 , our Chief Executive Officer and Chief Financial Officer concluded that as of June 27, 2020 , our disclosure controls and procedures were effective at the reasonable assurance level.
Changes in Internal Control over Financial Reporting
−Removed: There have not been any changes in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act of 1934, as amended) during the fiscal quarter ended March 28, 2020 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
+Added: There have not been any changes in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act of 1934, as amended) during the fiscal quarter ended June 27, 2020 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
PART II – OTHER INFORMATION
Item 1A – Risk Factors
−Removed: Except for the revised risk factors below regarding “ Our global operations subject us to various risks that may adversely affect our results of operations” and "We have significant international sales and operations and face risks related to health epidemics, including the coronavirus (COVID-19) which has and continues to adversely affect our business and results of operations," there have been no material changes from the risk factors disclosed in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 28, 2019 (Form 10-K).
+Added: Except for the revised risk factors below regarding “Our global operations subject us to various risks that may adversely affect our results of operations,” "We have significant international sales and operations and face risks related to health epidemics and pandemics, including the coronavirus pandemic (COVID-19) which has and continues to adversely affect our business and results of operations," and “Operating globally subjects us to changes in government regulations and policies in multiple jurisdictions around the world, including those related to tariffs and trade barriers, taxation, exchange controls and political risks,” there have been no material changes from the risk factors disclosed in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 28, 2019 (Form 10-K) , as may be further amended and/or restated in subsequent filings with the SEC.
The COVID-19 pandemic has led to general uncertainty and adverse changes in global economic conditions and heightened, and in some cases manifested, certain of the risks we normally face in operating our business, including those disclosed in the Form 10-K.
The risk factor disclosure in the Form 10-K is qualified by the information relating to COVID-19 that is described in this Quarterly Report on Form 10-Q, including the revised risk factors set forth below.
+Added: Our global operations subject us to various risks that may adversely affect our results of operations.
+Added: We are a leading global supplier of equipment and critical components used in process industries worldwide.
+Added: We sell our products globally, including sales to customers in China, South America, Russia, and India, and operate multiple manufacturing operations worldwide, including operations in Canada, China, Europe, Mexico, and Brazil.
+Added: International revenues and operations are subject to a number of risks which vary by geographic region, including the following:
+Added: agreements may be difficult to enforce and receivables difficult to collect through a foreign country's legal system;
+Added: foreign customers may have longer payment cycles;
+Added: foreign countries may impose additional withholding taxes or otherwise tax our foreign income, impose tariffs, adopt other restrictions on foreign trade, impose currency restrictions or enact other protectionist or anti-trade measures;
+Added: economic sanctions, trade embargoes, or other adverse trade regulations;
+Added: environmental and other regulations can adversely impact our ability to operate our facilities;
+Added: disruption from climate change, natural disaster, including earthquakes and/or tornadoes, fires, war, terrorist activity, and other force majeure events beyond our control;
+Added: changes in zoning laws that may require relocation of our manufacturing operations;
+Added: disruption from fast-spreading health epidemics and pandemics which have and may continue to result in widespread interruption of our business operations and those of our customers, suppliers and vendors;
+Added: worsening economic conditions may result in worker unrest, labor actions, and potential work stoppages;
+Added: political and/or civil unrest may disrupt commercial activities of ours or our customers;
+Added: fluctuations in foreign currency exchange rates and foreign interest rates beyond our control;
+Added: it may be difficult or cost prohibitive to repatriate funds, due to unfavorable domestic and foreign tax consequences or other restrictions or limitations imposed by foreign governments;
+Added: the protection of intellectual property in foreign countries may be more difficult to enforce.
+Added: Operating globally subjects us to various risks that may adversely affect our results of operations in the future.
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.