12 unchanged sentences
The potential impact of currency fluctuation increases as our international expansion increases.
−Removed: 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: As of October 31, 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.
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.
20 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 two quarters of 2021, the change in the relative value of the U.S.
+Added: During the first three quarters of 2021, the change in the relative value of the U.S.
dollar against the Canadian dollar resulted in a $35.6 million reduction in accumulated other comprehensive loss within stockholders' equity.
−Removed: During the first two quarters of 2020, the change in the relative value of the U.S.
+Added: During the first three quarters of 2020, the change in the relative value of the U.S.
dollar against the Canadian dollar resulted in a $6.7 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 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.
+Added: dollar against the Canadian dollar compared to the foreign currency exchange rates in effect for the first three quarters of 2021 would have resulted in lower income from operations of approximately $12.3 million.
This assumes a consistent 10% appreciation in the U.S.
−Removed: dollar against the Canadian dollar over the first two quarters of 2021.
+Added: dollar against the Canadian dollar over the first three quarters of 2021.
The timing of changes in the relative value of the U.S.
3 unchanged sentences
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 August 1, 2021, aside from letters of credit of $2.8 million, there were no borrowings outstanding under these credit facilities.
+Added: As of October 31, 2021, aside from letters of credit of $3.1 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 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
+Added: standing of the financial institutions with whom we transact.
We seek to limit the amount of exposure with any one counterparty.
Inflationary factors such as increases in the cost of our product and overhead costs may adversely affect our operating results.
−Removed: Although we do not believe that inflation has had a material impact on our financial position or results of operations to date, a high rate of inflation in the future may have an adverse effect on our ability to maintain current levels of gross margin and selling, general and administrative expenses as a percentage of net revenue if the selling prices of our products do not increase with these increased costs.
+Added: Although we do not believe that inflation has had a material impact on our financial position or results of operations for the third quarter and first three quarters of 2021, our business could be more affected by inflation in the future which could have an adverse effect on our ability to maintain current levels of gross margin and selling, general and administrative expenses as a percentage of net revenue if the selling prices of our products do not increase with these increased costs.
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.