11 unchanged sentences
We present our consolidated financial statements in U.S.
−Removed: dollars and we translate the assets, liabilities, net sales and expenses of a substantial portion of our foreign operations into U.S.
+Added: dollars and remeasure certain assets and liabilities into U.S.
dollars at applicable exchange rates.
4 unchanged sentences
Accordingly, the impact of currency fluctuations to our consolidated statements of operations is primarily to our other costs of sales (i.e., non-material components) and our operating expenses as those items are typically denominated in local currency.
−Removed: Our consolidated statements of operations are also impacted by foreign currency gains and losses arising from transactions denominated in a currency other than the functional currency of the respective subsidiary.
−Removed: These translations could significantly affect the comparability of our results between financial periods or result in significant changes to the carrying value of our assets, liabilities and equity.
+Added: Our consolidated statements of operations are also impacted by foreign currency gains and losses arising from transactions denominated in a currency other than the U.S.
+Added: These translations could significantly affect the comparability of our results between financial periods or result in significant changes to the carrying value of our assets and liabilities.
As a result, changes in foreign currency exchange rates impact our reported results.
6 unchanged sentences
Assuming that we would satisfy the financial covenants required to borrow and that the amounts available under the 2027 Revolver were fully drawn, a 1.0% increase in interest rates would result in an increase in annual interest expense and a decrease in our cash flows of $5.5 million per year.
−Removed: We had cash, cash equivalents and investments of $390.8 million as of August 25, 2023.
+Added: As of August 30, 2024, we had cash, cash equivalents and short-term investments of $389.5 million.
We maintain our cash and cash equivalents in deposit accounts, money market funds with various financial institutions and in short-duration fixed income securities.
Due to the short-term nature of these instruments, we believe that we do not have any material exposure to changes in the fair value of these investments as a result of changes in interest rates.
−Removed: Increases or declines in interest rates would be expected to augment or reduce future interest income by an insignificant amount.
+Added: Increases or decreases in interest rates would be expected to augment or reduce future interest income by an insignificant amount.
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.