Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures about Market Risk
We have market risk exposure related to foreign
currency exchange rates. Market risk is the potential negative impact of adverse changes in these prices or rates on our Consolidated
Financial Statements. We are subject to foreign currency exchange rate risk because we have foreign subsidiaries that are cost centers
and pay certain expenses in foreign currencies. To manage exchange rate risk, we may enter into derivative contracts, however, historically,
this risk has been insignificant and we have not entered into any derivative contracts.
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