2 unchanged sentences
We actively monitor the movement of the U.S.
−Removed: dollar against the NIS, Pound Sterling, Euro, Australian dollar, and Japanese Yen and have considered the use of financial instruments, including but not limited to derivative financial instruments, which could mitigate such risk.
+Added: dollar against the Israeli new shekel (“NIS”), Pound Sterling, Euro, Australian dollar, and Japanese Yen and have considered the use of financial instruments, including but not limited to derivative financial instruments, which could mitigate such risk.
If we determine that our risk of exposure materially exceeds the potential cost of derivative financial instruments, we may in the future enter into these types of arrangements.
1 unchanged sentence
dollar against the NIS.
−Removed: During the three months ended March 31, 2024, the U.S.
+Added: During both the three and six months ended June 30, 2024, the U.S.
dollar appreciated by approximately 1% as compared to the NIS.
−Removed: During the three months ended March 31, 2024, expenses generated by our Israeli operations totaled approximately $3.6 million.
−Removed: Based on our exposure to NIS exchange rate fluctuation against a dollar as of March 31, 2024, an increase or decrease in the value of the NIS would not have a material impact on our income before income taxes.
+Added: During the three and six months ended June 30, 2024, expenses generated by our Israeli operations totaled approximately $3.3 million and $6.9 million, respectively.
+Added: Based on our exposure to NIS exchange rate fluctuation against a dollar as of June 30, 2024, an increase or decrease in the value of the NIS would not have a material impact on our income before income taxes.
Collection Risks
1 unchanged sentence
We regularly assess these risks and have established policies and business practices to protect against the adverse effects of collection risk s.
−Removed: During the three months ended March 31, 2024, our allowance for credit losses decreased by $0.1 million to approximately $9.2 million.
−Removed: During the three months ended March 31, 2023, we decreased our allowance for credit losses by $0.1 million to approximately $9.1 million.
+Added: During the six months ended June 30, 2024, our allowance for credit losses increased by $0.1 million to approximately $9.4 million.
+Added: During the six months ended June 30, 2023, we decreased our allowance for credit losses by $0.2 million to approximately $9.0 million.
A large proportion of our receivables are due from larger corporate customers that typically have longer payment cycles.
3 unchanged sentences
An allowance for credit losses is established for losses expected to be incurred on accounts receivable balances.
−Removed: Judgment is required in the estimation of the allowance and we evaluate the collectability of our accounts receivable and contract assets based on a combination of factors.
+Added: Judgment is required in the estimation of the allowance and we evaluate the collectability of our accounts receivable and
+Added: contract assets based on a combination of factors.
If we become aware of a customer’s inability to meet its financial obligations, a specific allowance is recorded to reduce the net receivable to the amount reasonably believed to be collectible from the customer.
9 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.