4 unchanged sentences
Dollars, with the most significant exception being Japan where we invoice primarily in Japanese Yen.
−Removed: Our costs and expenses are generally denominated in the currencies where our operations are located, which is primarily in the Americas, EMEA and, to a lesser extent, Japan and the Asia Pacific region.
+Added: Our costs and expenses are generally denominated in the currencies where our operations are located, which is primarily in the Americas, EMEA and, to a lesser extent, the Asia Pacific region, including Japan.
We have a hedging program with respect to foreign currency risk.
7 unchanged sentences
Dollar could have an adverse impact on our consolidated financial position and results of operations.
−Removed: We recorded $0.1 million of net foreign exchange gains in the year ended December 31, 2023.
−Removed: We recorded $0.5 million and $1.9 million of net foreign exchange losses during the years ended December 31, 2022 and 2021, respectively.
−Removed: The effect of a hypothetical 10% change in our exchange rate would not have a significant impact on our consolidated results of operations.
+Added: We recorded $2.1 million and $0.1 million of net foreign exchange gains in the years ended December 31, 2024 and 2023, respectively.
+Added: We recorded $0.5 million of net foreign exchange losses during the year ended December 31, 2022.
Interest Rate Sensitivity
4 unchanged sentences
At December 31, 2024, our investment portfolio included marketable securities with an aggregate fair market value and amortized cost basis of $100.4 million and $100.2 million, respectively.
−Removed: The effect of a hypothetical 10% change in interest rates would not have had any impact on our interest expense.
+Added: Due to the current nature of our investment portfolio, the effect of a hypothetical 10% increase or decrease in interest rates would not have had a material impact on the fair value of our investment portfolio.
+Added: Therefore, we do not expect our operating results or cash flows to be materially affected by a sudden change in interest rates.
The following table presents the hypothetical fair values of our marketable securities assuming immediate parallel shifts in the yield curve of 50 basis points (“BPS”), 100 BPS and 150 BPS as of December 31, 2024 (in thousands):
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.