3 unchanged sentences
Translation risk
−Removed: Our international sales are usually denominated in foreign currencies.
−Removed: However, the operating expenses of our foreign operations are also primarily denominated in foreign currencies, which partially offsets our foreign currency exposure.
+Added: Our foreign operations’ operating expenses are primarily denominated in foreign currencies.
+Added: However, our international sales are also primarily denominated in foreign currencies, which partially offsets our foreign currency exposure.
A hypothetical 10% strengthening in the U.S.
dollar against other currencies would result in the following impact:
+Added: 2020 2019 2018
(Decrease) increase in revenue (4) % (4) % (4) %
1 unchanged sentence
Remeasurement risk
−Removed: We experience fluctuations in transaction gains or losses from remeasurement of monetary assets and liabilities that are denominated in currencies other than the functional currency of the entities in which they are recorded.
+Added: We experience fluctuations in transaction gains or losses from remeasurement of monetary assets and liabilities denominated in currencies other than the functional currency of the entities in which they are recorded.
We are primarily exposed to changes in foreign currency exchange rates associated with the Australian dollar, Euro, and U.S.
1 unchanged sentence
subsidiary, a British pound functional entity.
−Removed: A hypothetical 10% strengthening in the British pound exchange rate in comparison to the Australian dollar, Euro, and U.S.
−Removed: dollar would result in in the following impact:
−Removed: (in millions)
−Removed: December 31, 2019
−Removed: December 31, 2018
−Removed: December 31, 2017
−Removed: Foreign currency gain (loss)
+Added: A hypothetical 10% strengthening in the British pound exchange rate against the Australian dollar, Euro, and U.S.
+Added: dollar would result in the following impact:
+Added: (in thousands) December 31, 2020 December 31, 2019 December 31, 2018
+Added: Foreign currency (loss) gain $ (7,782) $ 3,633 $ (6,295)
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.