Keep in mind that discretionary operating expenses, including T&E and open headcount, were significantly curtailed in 2020 due to the impact of the pandemic on revenues and commercial activities.

Feb 24, 2022 / CFO / receipt, needs a key / Thomas Powell, CFO | earnings call 2022-02-24 | transcript 9f0cf877-1c97-4e64-a188-a593854bd4bf | chars 26419-26614 | segment 27

Third quarter adjusted operating margin was 28.5%, or a 340 basis point year-over-year increase, driven by the gross margin improvement as well as disciplined expense management and partially offset by planned investment in the business.

Oct 28, 2021 / CFO / receipt, needs a key / Thomas Powell, CFO | earnings call 2021-10-28 | transcript 3c23216d-2031-4f9f-99da-4a61fb927fee | chars 20448-20685 | segment 20