6 unchanged sentences
dollar affect the reported amounts of net revenue, expenses, assets, and liabilities.
−Removed: Foreign exchange differences which arise on translation of our international subsidiaries' balance sheets into U.S.
+Added: Foreign currency exchange differences which arise on translation of our international subsidiaries' balance sheets into U.S.
dollars are recorded as a foreign currency translation adjustment in accumulated other comprehensive income or loss within stockholders' equity.
−Removed: We also have exposure to changes in foreign exchange rates associated with transactions which are undertaken by our subsidiaries in currencies other than their functional currency.
+Added: We also have exposure to changes in foreign currency exchange rates associated with transactions which are undertaken by our subsidiaries in currencies other than their functional currency.
Such transactions include intercompany transactions and inventory purchases denominated in currencies other than the functional currency of the purchasing entity.
−Removed: As a result, we have been impacted by changes in exchange rates and may be impacted for the foreseeable future.
+Added: As a result, we have been impacted by changes in foreign currency exchange rates and may be impacted for the foreseeable future.
The potential impact of currency fluctuation increases as our international expansion increases.
−Removed: As of May 2, 2021, we had certain forward currency contracts outstanding in order to hedge a portion of the foreign currency exposure that arises on translation of a Canadian subsidiary into U.S.
−Removed: We also had certain forward currency contracts outstanding in an effort to reduce our exposure to the foreign exchange revaluation gains and losses that are recognized by our Canadian and Chinese subsidiaries on U.S.
+Added: As of August 1, 2021, we had certain forward currency contracts outstanding in order to hedge a portion of the foreign currency exposure that arises on translation of a Canadian subsidiary into U.S.
+Added: We also had certain forward currency contracts outstanding in an effort to reduce our exposure to the foreign currency exchange revaluation gains and losses that are recognized by our Canadian and Chinese subsidiaries on U.S.
dollar denominated monetary assets and liabilities.
1 unchanged sentence
Derivative Financial Instruments included in Item 1 of Part I of this report for further information, including details of the notional amounts outstanding.
−Removed: In the future, in an effort to reduce foreign exchange risks, we may enter into further derivative financial instruments including hedging additional currency pairs.
+Added: In the future, in an effort to reduce foreign currency exchange risks, we may enter into further derivative financial instruments including hedging additional currency pairs.
We do not, and do not intend to, engage in the practice of trading derivative securities for profit.
9 unchanged sentences
dollars for the purposes of consolidation;
−Removed: – foreign exchange revaluation gains by our Canadian subsidiaries on U.S.
+Added: – foreign currency exchange revaluation gains by our Canadian subsidiaries on U.S.
dollar denominated monetary assets and liabilities;
3 unchanged sentences
– an increase in the foreign currency translation adjustment from derivative valuation losses on forward currency contracts, entered into as net investment hedges of a Canadian subsidiary.
−Removed: During the first quarter of 2021, the change in the relative value of the U.S.
+Added: During the first two quarters of 2021, the change in the relative value of the U.S.
dollar against the Canadian dollar resulted in a $23.2 million reduction in accumulated other comprehensive loss within stockholders' equity.
−Removed: During the first quarter of 2020, the change in the relative value of the U.S.
+Added: During the first two quarters of 2020, the change in the relative value of the U.S.
dollar against the Canadian dollar resulted in a $14.6 million increase in accumulated other comprehensive loss within stockholders' equity.
A 10% appreciation in the relative value of the U.S.
−Removed: dollar against the Canadian dollar compared to the exchange rates in effect for the first quarter of 2021 would have resulted in lower income from operations of approximately $11.6 million.
+Added: dollar against the Canadian dollar compared to the foreign currency exchange rates in effect for the first two quarters of 2021 would have resulted in lower income from operations of approximately $15.0 million.
This assumes a consistent 10% appreciation in the U.S.
−Removed: dollar against the Canadian dollar over the first quarter of 2021.
+Added: dollar against the Canadian dollar over the first two quarters of 2021.
The timing of changes in the relative value of the U.S.
−Removed: dollar combined with the seasonal nature of our business, can affect the magnitude of the impact that fluctuations in foreign exchange rates have on our income from operations.
+Added: dollar combined with the seasonal nature of our business, can affect the magnitude of the impact that fluctuations in foreign currency exchange rates have on our income from operations.
Interest Rate Risk .
1 unchanged sentence
Because our revolving credit facilities bear interest at a variable rate, we will be exposed to market risks relating to changes in interest rates, if we have a meaningful outstanding balance.
−Removed: As of May 2, 2021, aside from letters of credit of $2.7 million, there were no borrowings outstanding under these credit facilities.
+Added: As of August 1, 2021, aside from letters of credit of $2.8 million, there were no borrowings outstanding under these credit facilities.
We currently do not engage in any interest rate hedging activity and currently have no intention to do so.
11 unchanged sentences
We have not experienced any losses related to these items, and we believe credit risk to be minimal.
−Removed: We seek to minimize our credit risk by entering into transactions with credit worthy and reputable financial institutions and by monitoring the credit
−Removed: standing of the financial institutions with whom we transact.
+Added: We seek to minimize our credit risk by entering into transactions with credit worthy and reputable financial institutions and by monitoring the credit standing of the financial institutions with whom we transact.
We seek to limit the amount of exposure with any one counterparty.
2 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.