5 unchanged sentences
For the years ended December 31, 2024 and 2023, approximately 7.7% and 8.4%, respectively, of our revenue was derived from contracts denominated in currencies other than the U.S.
−Removed: dollar, whereas approximately 21.4% and 22.9% of our operational costs, including, but not limited to, salaries, wages and other employee benefits, were derived in foreign currencies.
+Added: dollar, whereas approximately 20.9% and 21.4%, respectively, of our operational costs, including, but not limited to, salaries, wages and other employee benefits, were derived in foreign currencies.
Of these exposures, approximately 82.8% and 76.9% of revenue denominated in foreign currencies and approximately 51.6% and 51.4% of operational costs denominated in foreign currencies were Euro denominated for the years ended December 31, 2024 and 2023, respectively.
3 unchanged sentences
We recalculated our reported pre-tax income for the years ended December 31, 2024 and 2023 using foreign exchange rates that were 10% higher and 10% lower than actual exchange rates utilized during the year.
−Removed: When utilizing foreign exchange rates 10% higher than actual
−Removed: exchange rates, our pre-tax income for the years ended December 31, 2023 and 2022 is negatively impacted by approximately $17.2 million and $13.0 million, respectively.
+Added: When utilizing foreign exchange rates 10% higher than actual exchange rates, our pre-tax income for the years ended December 31, 2024 and 2023 is negatively impacted by approximately $18.4 million and $17.2 million, respectively.
When utilizing foreign exchange rates 10% lower than actual exchange rates, our pre-tax income for the years ended December 31, 2024 and 2023 is positively impacted by approximately $18.4 million and $17.2 million, respectively.
10 unchanged sentences
We do not have significant operations in countries where the economy is considered highly inflationary.
−Removed: Since the second half of fiscal 2021 and throughout 2022 and 2023, we have experienced input cost inflation, including materials, labor and transportation costs.
+Added: Throughout 2023, we experienced input cost inflation, including materials, labor and transportation costs, but inflation moderated in 2024.
Pricing actions and supply chain productivity initiatives have mitigated and are expected to continue to mitigate some of these inflationary pressures, but we may not be successful in fully offsetting these incremental costs, which could have an impact on the Company’s results of operations and cash flows in the future.
2 unchanged sentences
We are primarily exposed to interest rate risk through our Credit Facility.
−Removed: As of the year ended December 31, 2023, we had no outstanding long-term debt.
−Removed: As of the year ended December 31, 2022, we had outstanding amounts related to the Credit Facility of $50.0 million.
+Added: As of the years ended December 31, 2024 and 2023, we had no outstanding long-term debt.
The Credit Facility is subject to variable interest rates.
−Removed: Each quarter-point increase or decrease in the applicable interest rate as of the year ended December 31, 2022 would change our interest expense by approximately $0.2 million.
The Credit Facility is not subject to any interest rate caps or floors.
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.