13 unchanged sentences
Changes in the fair value of these derivatives are largely offset by re-measurement of the underlying assets and liabilities.
−Removed: As of April 3, 2020 , we had four foreign currency forward contracts outstanding as follows:
−Removed: Notional Contract Amount (Local Currency)
−Removed: Notional Contract Amount (USD)
−Removed: (In thousands)
−Removed: Canadian dollar
−Removed: New Zealand dollar
−Removed: Singapore dollar
−Removed: Total of all currency forward contracts
−Removed: Net foreign exchange (income) loss, net recorded in our unaudited condensed consolidated statements of operations during the three and nine months ended April 3, 2020 and March 29, 2019 was as follows:
+Added: As of October 2, 2020, we had no foreign currency forward contracts.
+Added: Net foreign exchange income recorded in our unaudited condensed consolidated statements of operations during the three months ended October 2, 2020 and September 27, 2019 was as follows:
Three Months Ended
−Removed: Nine Months Ended
−Removed: (In thousands)
+Added: (In thousands) October 2,
+Added: 2020 September 27,
Amount included in costs of revenues $ 524 $ 216
3 unchanged sentences
The impact of translating the assets and liabilities of foreign operations to U.S.
−Removed: dollars for the first nine months of fiscal 2020 and 2019 were $2.5 million and $0.4 million , respectively, was included as a component of stockholders’ equity.
−Removed: As of April 3, 2020 and June 28, 2019 , the cumulative translation adjustment decreased our equity by $15.2 million and $12.7 million , respectively.
+Added: dollars for the first three months of fiscal 2021 and 2020 was $(0.4) million and $0.5 million, respectively, and was included as a component of stockholders’ equity.
+Added: As of October 2, 2020 and July 3, 2020, the cumulative translation adjustment decreased our equity by $14.6 million and $15.0 million, respectively.
Interest Rate Risk
1 unchanged sentence
Exposure on Cash Equivalents
−Removed: We had $39.2 million in total cash and cash equivalents as of April 3, 2020 .
−Removed: Cash equivalents totaled $24.7 million as of April 3, 2020 and were comprised of money market funds and bank certificates of deposit.
+Added: We had $36.2 million in total cash and cash equivalents as of October 2, 2020.
+Added: Cash equivalents totaled $21.5 million as of October 2, 2020 and were comprised of money market funds and bank certificates of deposit.
Cash equivalents investments have been recorded at fair value on our balance sheet.
1 unchanged sentence
therefore, changes in interest rates will not generate a gain or loss on these investments unless they are sold prior to maturity.
−Removed: The weighted-average days to maturity for cash equivalents held as of April 3, 2020 was 37.7 days, and these investments had an average yield of approximately 5.98% per annum.
+Added: The weighted-average days to maturity for cash equivalents held as
+Added: of October 2, 2020 was 28 days, and these investments had an average yield of approximately 4.78% per annum.
A 10% change in interest rates on our cash equivalents is not expected to have a material impact on our financial position, results of operations, or cash flows.
Exposure on Borrowings
−Removed: Our borrowings outstanding under the SVB Credit Facility incurred interest at the prime rate plus a spread of 0.50% to 1.50% with such spread determined based on our adjusted quick ratio.
−Removed: During the first nine months of fiscal 2020 , our weighted-average interest rate was 4.24% , and the interest expense on these borrowings was insignificant.
+Added: Our borrowings under the SVB Credit Facility incurred interest at the prime rate plus a spread of 0.50% to 1.50% with such spread determined based on our adjusted quick ratio.
+Added: During the first three months of fiscal 2021, our weighted-average interest rate was 3.75%, and the interest expense on these borrowings was insignificant.
A 10% change in interest rates on the current borrowings or on future borrowings is not expected to have a material impact on our financial position, results of operations, or cash flows since interest on our borrowings is not material to our overall financial position.
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.