2 unchanged sentences
Investment and Interest Rate Risk
−Removed: Our exposure to interest rate and general market risks relates to our Term Credit Facility, which has variable interest rates, and our investment portfolio.
−Removed: As of September 29, 2023, there were $300.0 million of borrowings outstanding under the Term Credit Agreement, and a potential change in the associated interest rates would be immaterial to the results of our operations.
−Removed: Our investment portfolio consists of cash and cash equivalents (money market funds and marketable securities purchased with less than ninety days until maturity) that total approximately $718.8 million, and marketable securities (U.S.
−Removed: Treasury and government securities, and municipal bonds) that total approximately $15.6 million and $4.1 million within short-term and long-term marketable securities, respectively, as of September 29, 2023.
+Added: Our exposure to interest rate and general market risks relates to our investment portfolio.
+Added: Our investment portfolio consists of cash and cash equivalents (money market funds, corporate bonds and notes, and U.S.
+Added: Treasury and government securities purchased with less than ninety days until maturity) that total approximately $1,368.6 million, and marketable securities (U.S.
+Added: Treasury and government securities, corporate bonds and notes, and municipal bonds) that total approximately $194.1 million and $11.4 million within short-term and long-term marketable securities, respectively, as of September 27, 2024.
The main objectives of our investment activities are liquidity and preservation of capital.
Our cash equivalent investments have short-term maturity periods that dampen the impact of market or interest rate risk.
−Removed: Our marketable securities consist of short-term and long-term maturity periods between 90 days and two years.
+Added: Our marketable securities have short-term maturity periods less than one year.
Credit risk associated with our investments is not material because our investments are diversified across several types of securities with high credit ratings, which reduces the amount of credit exposure to any one investment.
4 unchanged sentences
A percentage of our international operational expenses are denominated in foreign currencies, and exchange rate volatility could positively or negatively impact those operating costs.
−Removed: For the fiscal years ended September 29, 2023, September 30, 2022, and October 1, 2021, we had foreign exchange gains of $1.7 million and foreign exchange losses of $1.4 million and $0.5 million, respectively.
−Removed: Increases in the value of the United States dollar relative to other currencies could make our products more expensive, which could negatively impact our ability to compete in international markets.
+Added: For the fiscal years ended September 27, 2024, September 29, 2023, and September 30, 2022, we had foreign exchange losses of $5.2 million, foreign exchange gains of $1.7 million, and foreign exchange losses of $1.4 million, respectively.
+Added: Increases in the value of the United States dollar relative to other currencies could make our products more expensive, which could negatively impact our ability to compete.
Conversely, decreases in the value of the United States dollar relative to other currencies could result in our suppliers raising their prices to continue doing business with us.
3 unchanged sentences
However, we may choose not to hedge certain foreign exchange exposures for a variety of reasons, including, but not limited to, accounting considerations and the prohibitive economic cost of hedging particular exposures.
−Removed: As of September 29, 2023, we had no outstanding foreign currency forward or options contracts with financial institutions.
+Added: As of September 27, 2024, we had not entered into any outstanding foreign currency forward or options contracts with financial institutions.
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.