SHAK · All filings · Read this filing
What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2021-02-26 compared with 2020-02-24 · 2 added, 1 removed, 21 unchanged (13% of the section changed)
9 unchanged sentences
Although we conduct business outside of the United States, the majority of revenue and expenses associated with our international business are transacted in U.S.
+Added: dollars, and therefore our foreign currency risk is not material.
We are exposed to foreign exchange risk in the sales at our international licensed Shacks that are denominated in their local currencies and the amount of licensing revenue we earn is directly affected by fluctuations in currency exchange rates.
6 unchanged sentences
We are also exposed to interest rate risk through fluctuations of interest rates on our investments.
−Removed: Our available-for-sale securities primarily consist of fixed-income and equity instruments.
+Added: Our equity securities primarily consist of fixed-income and equity instruments.
Changes in interest rates affect the interest income we earn, and therefore impact our cash flows and results of operations.
2 unchanged sentences
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.