2 unchanged sentences
We are exposed to market risk related to changes in interest rates.
−Removed: As of June 30, 2020, we had cash and cash equivalents, and available-for-sale investments totaling $41.4 million.
+Added: As of September 30, 2020, we had cash and cash equivalents, and available-for-sale investments totaling $36.1 million.
We invest our excess cash in investment-grade, interest-bearing securities.
2 unchanged sentences
treasury and high quality marketable debt instruments of corporations and financial institutions, government sponsored and asset backed securities with contractual maturity dates of less than one year.
−Removed: If interest rates were to increase instantaneously and uniformly by 100 basis points, compared to interest rates as of June 30, 2020, the increase would not have had a material effect on our results of operations.
+Added: If interest rates were to increase instantaneously and uniformly by 100 basis points, compared to interest rates as of September 30, 2020, the increase would not have had a material effect on our results of operations.
We do not believe that our cash, cash equivalents and available-for-sale investments have significant risk of default or illiquidity.
1 unchanged sentence
In addition, we maintain significant amounts of cash and cash equivalents at one or more financial institutions that are in excess of federally insured limits.
−Removed: Our Term Loans bear interest at variable rates equal to the sum of the prime rate, as reported in the Wall Street Journal on the last date of the month preceding the month in which interest will accrue, plus 4.10%.
−Removed: Accordingly, increases in these published rates would increase our interest payments under the Term Loans.
−Removed: A one percentage point increase in interest rates would not materially affect our results of operations.
Foreign Currency Exchange Risk
15 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.