12 unchanged sentences
The cash flow hedge reduces the Company exposure to future interest rate fluctuation.
−Removed: After consideration of the hedge above, the remaining borrowings o f $188.8 million , which represents approximately 20% of the Company's total debt, is subject to future interest rate fluctuations which could potentially have a negative impact on the Company's cash flows.
+Added: After consideration of the hedge above, the remaining borrowings of $181.3 million, which represents approximately 21% of the Company's total debt, is subject to future interest rate fluctuations which could potentially have a negative impact on the Company's cash flows.
A prospective increase of 100 basis points in the interest rate applicable to the Company’s outstanding borrowings under its credit facility would result in an increase of approximatel y $1.8 million in annual interest expense.
7 unchanged sentences
were approximately 65% of total net sales.
−Removed: Substantially all sales in Europe are denominated in euros and substantially all sales in the Asia-Pacific region are denominated in U.S.
+Added: Substantially all
+Added: sales in Europe are denominated in euros and substantially all sales in the Asia-Pacific region are denominated in U.S.
dollars, Chinese renminbi, Japanese yen, or Korean won.
−Removed: The Company’s foreign exchange exposures result primarily from inter-company loans, external borrowings, sale of products in foreign currencies, foreign currency denominated purchases, employee-related and other costs of running operations in foreign countries.
−Removed: The Company’s most significant foreign currency exposures are to the euro, the Chinese renminbi, Mexican peso, and Philippine peso.
+Added: The Company’s foreign exchange exposures result primarily from intercompany loans, external borrowings, sale of products in foreign currencies, foreign currency denominated purchases, employee-related, and other costs of running operations in foreign countries.
+Added: The Company’s most significant foreign currency exposures are to the euro, Chinese renminbi, Mexican peso, and Philippine peso.
Changes in foreign exchange rates could affect the Company’s sales, costs, balance sheet values, and earnings.
−Removed: At December 30, 2023, the net value of the Company’s assets with exposure to foreign currency risk was approximate ly $38 million, with the largest exposure being a Japanese Yen denominated inter-company loan with a U.S.
+Added: In July 2024, the Company implemented a hedging program to manage foreign currency risk exposure related to fluctuations between the U.S.
+Added: dollar and Mexican peso.
+Added: These foreign currency zero cost collars are designated as cash flow hedges for a portion of our Mexican peso-denominated manufacturing expenses, predominantly salary expenses, vendor payments, and utility expenses.
+Added: At December 28, 2024, the net value of the Company’s assets with exposure to foreign currency risk was approximately $26.3 million, with the largest exposure being a Japanese Yen denominated intercompany loan with a U.S.
Dollars functional currency subsidiary.
−Removed: The re duction in earnings from a hypothetical instantaneous 10% adverse change in quot ed foreign currency spot rates applied to foreign currency sensitive asset instruments would be $3.8 million at December 30, 2023.
+Added: The reduction in earnings from a hypothetical instantaneous 10% adverse change in quoted foreign currency spot rates applied to foreign currency sensitive asset instruments would be $2.6 million at December 28, 2024.
At December 28, 2024, the net value of the Company’s liabilities with exposure to foreign currency risk was $5.5 million, with the largest exposure being U.S.
−Removed: Dollar denominated inter-company loans with a Mexican Peso functional currency subsidiary.
−Removed: The reduction in earnings from a hypothetical instantaneous 10% adverse change in quoted foreign currency spot rates applied to foreign currency sensitive liability instruments would be $0.6 million at December 30, 2023.
+Added: Dollar denominated intercompany loans with a Mexican Peso functional currency subsidiary.
+Added: The reduction in earnings from a hypothetical instantaneous 10% adverse change in quoted foreign currency s pot rates applied to foreign currency sensitive liability instrumen ts would be $0.5 million at December 28, 2024.
As a result of th e mix in currencies impacting the hypothetical 10% changes, the movements in some instruments would offset movements in other instruments reducing the hypothetical exposure to the Company.
5 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.