5 unchanged sentences
Changes in interest rates could impact our anticipated interest income earned on our cash and cash equivalents balance.
−Removed: As of March 31, 2026, we are not exposed to interest rate risk on our unsecured revolving line of credit.
+Added: As of June 30, 2026, we are not exposed to interest rate risk on our unsecured revolving line of credit because we had no outstanding borrowings.
An immediate 10% change in interest rates would not have a material adverse impact on our future operating results and cash flows.
−Removed: As of March 31, 2026, we had no short term or long-term marketable securities.
+Added: As of June 30, 2026, we had no short term or long-term marketable securities.
We have not historically used derivative financial instruments to manage our exposure to changes in interest rates.
4 unchanged sentences
This provides some natural hedging because most of the subsidiaries’ operating expenses are also generally denominated in their local currencies.
−Removed: We enter into foreign currency forward contracts for currencies where we have exposures, primarily the Euro, British Pound, Chinese Yuan, Polish Zloty and Canadian Dollar, to minimize the short-term impact of foreign currency exchange rate fluctuations on certain assets and liabilities.
−Removed: These forward contracts are not designated as hedging instruments and are
−Removed: generally one month in original maturity and are marked to market through earnings every period.
+Added: We enter into foreign currency forward contracts for currencies where we have exposures, primarily the Euro, British Pound, Canadian Dollar, Polish Zloty and Israeli Shekel, to minimize the short-term impact of foreign currency exchange rate fluctuations on certain assets and liabilities.
+Added: These forward contracts are not designated as hedging instruments and are generally one month in original maturity and are marked to market through earnings every period.
The gains and losses on these forward contracts are intended to offset the gains and losses in the underlying foreign currency denominated monetary assets and liabilities being economically hedged.
11 unchanged sentences
We elected to account for our investments in privately held companies using the measurement alternative, which is cost, less any impairment, adjusted for changes in fair value resulting from observable transactions for identical or similar investments of the same issuer.
−Removed: We perform a qualitative assessment at each reporting date to determine whether there are triggering events for impairment.
+Added: We perform a qualitative assessment at each reporting date to determine whether there are
+Added: triggering events for impairment.
The qualitative assessment considers factors such as but not limited to, the investee’s financial performance and business prospects;
3 unchanged sentences
Valuations of our equity investments are complex due to the lack of readily available market data and observable transactions.
−Removed: The carrying value of our investments in privately held companies was $274.4 million at March 31, 2026 and $216.2 million at December 31, 2025.
+Added: The carrying value of our investments in privately held companies was $327.8 million at June 30, 2026 and $216.2 million at December 31, 2025.
+Added: The increase was primarily driven by an additional investment in Heartland and a carrying value adjustment resulting from observable transactions for identical or similar investments of this issuer.
+Added: Additionally, we may hold investments in privately held companies in which we exercise significant influence.
+Added: Such investments are generally accounted for as equity method investments, although we may elect the fair value option when appropriate.
+Added: As of June 30, 2026, we did not hold any material investments accounted for under this model.
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.