7 unchanged sentences
Fixed-rate securities may have their fair market value adversely impacted due to a rise in interest rates, and, as a result, our future investment income may fall short of expectations due to changes in interest rates or we may suffer losses in principal if forced to sell securities which have declined in market value due to changes in interest rates.
−Removed: As of September 30, 2022, we had approximately $96.5 million invested in available-for-sale marketable securities.
+Added: As of March 31, 2023, we had approximately $89.0 million invested in available-for-sale marketable securities.
An immediate 10% change in interest rates would not have a material adverse impact on our future operating results and cash flows.
We do not enter into investments for trading or speculative purposes and have not used any derivative financial instruments to manage our interest rate risk exposure.
−Removed: As of September 30, 2022, we are not subject to risks from immediate interest rate increases on our unsecured revolving line of credit facility.
+Added: As of March 31, 2023, we are not subject to risks from immediate interest rate increases on our unsecured revolving line of credit facility.
Currency Rate Risk
3 unchanged sentences
Regardless of this natural hedging, our results of operations may be adversely impacted by exchange rate fluctuations.
−Removed: We enter into foreign currency forward contracts for currencies where we have exposures, primarily the Euro, Chinese Yuan, Polish Zloty, Canadian Dollar and Brazilian Real, to minimize the short-term impact of foreign currency exchange rate fluctuations on cash and certain trade and intercompany receivables and payables.
+Added: We enter into foreign currency forward contracts for currencies where we have exposures, primarily the Euro, Chinese Yuan, Polish Zloty, Canadian Dollar, to minimize the short-term impact of foreign currency exchange rate fluctuations on cash and certain trade and intercompany receivables and payables.
These forward contracts are not designated as hedging instruments and do not subject us to material balance sheet risk due to fluctuations in foreign currency exchange rates.
7 unchanged sentences
Military Conflict in Ukraine
−Removed: and other nations have imposed sanctions on various sectors of the Russian economy and on transactions with certain Russian nationals and entities.
−Removed: Russia has also announced economic sanctions against the U.S.
−Removed: and other nations that include a ban on imports of certain products.
−Removed: Further beginning September 2022, Russia started partial mobilization of reserve military personnel, creating staffing and operational challenges for us;
−Removed: however, as of September 30, 2022, we do not expect these events to have any material impact on our operations.
+Added: After beginning in 2022, the military conflict between Russia and Ukraine has continued to escalate and create challenges to already uncertain macroeconomic conditions.
+Added: As of March 31, 2023, we do not expect these events to have any material impact on our operations.
Our Russia net revenues as a percentage of our consolidated net revenues and our assets domiciled in Russia, including cash and cash equivalents, as a percentage of our total assets, are immaterial.
4 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.