9 unchanged sentences
The total net assets of non-U.S.
−Removed: operations and long-term intercompany loans denominated in nonfunctional currencies subject to potential loss amount to approximatel y $593.9 million.
+Added: operations and long-term intercompany loans denominated in nonfunctional currencies subject to potential loss amount to approximate ly $586.3 million.
The potential loss in fair value resulting from a hypothetical 10% adverse change in quoted foreign currency exchange rates amounts to $58.6 million .
1 unchanged sentence
This amount includes, on an absolute basis, exposures to assets and liabilities held in currencies other than our local entities’ functional currencies.
−Removed: On a net basis, we had $57.9 million of foreign currency assets as of March 31, 2025.
+Added: On a net basis, we had $14.6 million of foreign currency assets as of June 30, 2025.
As currency rates change, these nonfunctional currency balances are revalued, and the corresponding adjustment is recorded in the income statement.
3 unchanged sentences
We are exposed to interest rate fluctuations with respect to our variable rate debt, depending on general economic conditions.
−Removed: On March 31, 2025, we had the following unhedged variable rate debt:
+Added: On June 30, 2025, we had the following unhedged variable rate debt:
(in thousands, except interest rates)
3 unchanged sentences
EUR borrowings (end of period all-in interest rate of 3.5%) 52,843
−Removed: Foreign bank debt (end of period all-in interest rate of 4.10%)
+Added: Foreign bank debt 0
Total $ 266,843
3 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.