2 unchanged sentences
Interest Rate Exposure
−Removed: Our term loan bears variable interest rates which subjects us to interest rate risk.
−Removed: Our primary interest rate risk exposure results from changes in the short-term LIBOR rate, the federal funds effective rate and the prime rate.
−Removed: As of September 30, 2021, the weighted average stated interest rate on our debt was 2.8%.
−Removed: At September 30, 2021, the outstanding term loan principal balance was $49.7 million, excluding unamortized deferred financing costs of $0.3 million.
−Removed: During fiscal year 2021, we incurred aggregate interest expense of $1.7 million on all of our term loans.
−Removed: A hypothetical 100 basis point change in interest rates would result in a $0.5 million change in interest expense incurred during fiscal year 2021.
Our cash and cash equivalents and restricted cash consist principally of money market securities which are short-term in nature.
−Removed: At September 30, 2021 and 2020, our aggregate short-term and long-term investments were $3.7 million and $3.2 million, respectively, and consisted mostly of highly rated corporate debt securities and municipal securities.
−Removed: At September 30, 2021 and 2020, the unrealized loss position on marketable securities was insignificant, which is included in “Accumulated other comprehensive income” in the Consolidated Balance Sheets.
−Removed: A hypothetical 100 basis point change in interest rates would result in an insignificant annual change in interest income earned in fiscal year 2021.
+Added: At September 30, 2022 and 2021, our aggregate short-term and long-term investments were $1.3 billion and $3.7 million, respectively, and consisted mostly of highly rated corporate debt securities and municipal securities.
+Added: At September 30, 2022, the unrealized loss position on marketable securities was $14.7 million, which is included in “Accumulated other comprehensive income” in the Consolidated Balance Sheets.
+Added: At September 30, 2021, the unrealized loss position on marketable securities was insignificant.
+Added: A hypothetical 100 basis point change in interest rates would result in an $11.4 million annual change in interest income earned in fiscal year 2022.
+Added: On February 1, 2022, in connection with the completion of the sale of its semiconductor automation business, we used $49.7 million of the cash proceeds from the sale to extinguish the total remaining outstanding balance of our former term loan.
+Added: We also closed our revolving credit facility of which had no borrowings.
+Added: During fiscal year 2022, we incurred cash interest expense of $0.5 million on the term loan.
+Added: The term loan had a variable interest rate which subjected us to interest rate risk.
+Added: Our primary interest rate risk exposure resulted from changes in the short-term LIBOR rate, the federal funds effective rate and the prime rate.
Currency Rate Exposure
−Removed: We have transactions and balances denominated in currencies other than the U.S.
−Removed: Most of these transactions or balances are denominated in Euros, British Pounds and a variety of Asian currencies.
+Added: We have transactions and balances denominated in currencies other than the functional currency of the transacting entity.
+Added: Most of these transactions carrying foreign exchange risk are in Germany, the United Kingdom, and China.
Sales in currencies other than the U.S.
2 unchanged sentences
In the normal course of our business, we have liquid assets denominated in non-functional currencies which include cash, short-term advances between our legal entities and accounts receivable which are subject to foreign currency exposure.
−Removed: Such balances were approximately $119.4 million and $142.9 million, respectively, at September 30, 2021 and 2020, and related to the Euro, British Pound and a variety of Asian currencies.
+Added: Such balances were approximately $80.4 million and $119.4 million, respectively, at September 30, 2022 and 2021, and relate to the foreign exchange risk in Germany, the United Kingdom, and China.
We mitigate the impact of potential currency translation losses on these short-term intercompany advances by the timely settlement of each transaction, generally within 30 days.
1 unchanged sentence
We incurred foreign currency losses of $1.7 million and $1.8 million, respectively, in fiscal years 2022 and 2021, which related to the currency fluctuation on these balances between the time the transaction occurred and the ultimate settlement of the transaction.
−Removed: A hypothetical 10% change in foreign exchange rates would result in a change of $3.7 million and $1.4 million, respectively, in our net income during fiscal years 2021 and 2020.
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.