3 unchanged sentences
Additional risks and uncertainties not known to us or that we deem to be immaterial also may materially adversely affect our business, financial condition or operating results.
−Removed: Our operations and results may be negatively impacted by the coronavirus outbreak
−Removed: We operate two facilities in China – one in Jingmen and the other in Taicang.
−Removed: Our Jingmen facility is located in the Hubei Province, where the coronavirus is believed to have originated.
−Removed: The World Health Organization has declared the coronavirus outbreak a “Public Health Emergency of International Concern” and the U.S.
−Removed: Department of State has instructed travelers to avoid all nonessential travel to China.
−Removed: As a result of these measures, and after consultation with governmental and health authorities, we have temporarily closed our facilities in Jingmen and Taicang.
−Removed: Although there are still too many variables and uncertainties regarding the coronavirus outbreak to fully assess the potential impact on our business, we believe that our existing inventory levels and other operations will be able to meet customer commitments and demand for the next few months.
−Removed: However, a prolonged shutdown of our Chinese operations, or other facilities in China that are engaged directly or indirectly in our supply chain, could have a negative effect on our results and supply chain, and broader global effects of potentially reduced consumer confidence and other macro issues could also have a negative effect on our overall business.
+Added: Our operations and results may be negatively impacted by the COVID-19 global pandemic.
+Added: The outbreak of COVID-19 is impacting cities, states and countries around the world and is temporarily changing the way we live and work.
+Added: The COVID-19 pandemic has also caused a shift in how we manage our business, think about work and how our work gets done.
+Added: As the pandemic continues to spread throughout the United States, businesses as well as federal, state and local governments have implemented significant actions to attempt to mitigate this public health crisis.
+Added: Although the ultimate severity and duration of the COVID-19 pandemic is uncertain at this time, the pandemic is likely to have meaningful adverse impacts on our financial condition and results of operations, including, additional plant closures, illness or quarantine of our employees, supply chain disruptions, transportation delays, cost increases, more extensive travel restrictions, closures or disruptions of businesses and facilities, or social, economic, political or labor instability in the affected areas.
+Added: These same factors may impact our suppliers, customers and distributors.
+Added: We have enacted significant changes to the way we work in an attempt to enhance and secure the health and safety of our workforce and the communities in which they operate.
+Added: However, the health implications of the COVID-19 pandemic are extensive and the extent, duration and severity of the pandemic are highly uncertain.
+Added: It is also uncertain whether the measures we have taken — and additional measures we may undertake in the future — and the actions taken by federal, state and local governmental agencies will be successful.
+Added: Accordingly, should there be unexpected health implications for our employees, communities or others, we could face litigation or other claims and we could suffer damage to our reputation, brand and operations, which could adversely affect our business.
+Added: We have incurred additional costs to address the COVID-19 pandemic, including costs associated with additional cleaning, disinfectants and sanitation materials for our employees and at our facilities.
+Added: We expect to continue to incur such costs, which may be significant, as we continue to implement operational changes in response to this pandemic.
+Added: All of our facilities are operational and able to fill orders at May 5, 2020, and our teams have worked effectively to address the few temporary closures we have experienced.
+Added: The COVID-19 pandemic has also caused supply chain disruption that has resulted in higher costs in the manufacture of our products.
+Added: These conditions could persist or worsen.
+Added: Continued disruptions in our markets and the global economy may cause us to have to assess impairments of our assets and cause us to incur and record non-cash impairment charges.
+Added: Further, our management is focused on mitigating the impact of the COVID-19 pandemic on our operations, which has required, and will continue to require, a large investment of time and resources across our business and may delay other strategic initiatives and large capital projects that are important to the business.
+Added: Additionally, many of our employees are working remotely.
+Added: An extended period of remote work arrangements could strain our business continuity plans, introduce operational risk, including but not limited to cybersecurity risks, and impair our ability to manage our business.
+Added: The extent to which the COVID-19 pandemic impacts us will depend on a number of factors and developments that we are not able to predict or control, including, among others:
+Added: the severity of the virus;
+Added: the duration of the outbreak;
+Added: governmental, business and other actions (which could include limits on funding for our products or services);
+Added: the health of and the effect on our workforce;
+Added: and the potential effects on our internal controls including those over financial reporting as a result of changes in working environments such as shelter-in-place and similar orders that are applicable to our employees, including management.
+Added: In addition, if the pandemic continues to create disruptions or turmoil in the credit or financial markets, it could adversely affect our ability to access capital on favorable terms and continue to meet our liquidity needs, all of which are highly uncertain and cannot be predicted.
+Added: We also cannot predict the impact that the COVID-19 pandemic will have on third parties with which we do business, and each of their financial conditions, including their viability and ability to pay for our products and services;
+Added: however, any material effect on these parties could adversely impact us.
+Added: The extent of the impact of the COVID-19 pandemic on our operations and financial results depends on future developments and is highly uncertain.
+Added: The situation is changing rapidly and future impacts may materialize that are not yet known.
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.