8 unchanged sentences
Long-term investments, all of which are available-for-sale
−Removed: and are carried at fair value, include primarily investment-grade bonds and U.S.
−Removed: Treasury obligations having maturities of up to five years.
+Added: and are carried at fair value, include primarily investment-grade bonds and asset-backed securities having maturities of up to five years.
Assuming that the long-term portion of investments remains at $139,864,000, the balance at December 25, 2021, a hypothetical increase or decrease in interest rates of 100 basis points would not have a material impact on future earnings on an annualized basis.
−Removed: Short-term investments consist of short-term investment-grade instruments and the current maturities of investment-grade corporate bonds and U.S.
−Removed: Treasury obligations.
+Added: Short-term investments consist of short-term investment-grade instruments and the current maturities of investment-grade corporate bonds and asset-backed securities.
Accordingly, any future interest rate risk on these short-term investments would not be material to the Company’s operating results.
3 unchanged sentences
Transactional gains and losses arising from receivable and payable balances, including intercompany balances, in the normal course of business that are denominated in a currency other than the functional currency of the operation are recorded in the statements of income when they occur.
−Removed: The assets held at the Company’s Canadian and Mexican subsidiaries December at 26, 2020 were collectively, as translated to U.S.
+Added: The assets held at the Company’s Canadian and Mexican subsidiaries at December 25, 2021 were collectively, as translated to U.S.
dollars, approximately 3% of total consolidated assets.
1 unchanged sentence
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.