7 unchanged sentences
has stated that it plans to phase out LIBOR by the end of calendar year 2021.
−Removed: We do not currently anticipate a significant impact to our financial position or results of operations as a result of this action as we expect that our financial contracts currently indexed to LIBOR will either expire or be modified before the phase out occurs.
−Removed: Due to the nature of our debt, the materiality of the fair values of the derivative instruments and the highly liquid, short-term nature and level of our cash and cash equivalents as of September 30, 2020, we believe that the risk of exposure to changing interest rates for those positions is immaterial.
−Removed: There were no significant changes in how we manage interest rate risk between December 31, 2019 and September 30, 2020.
+Added: We do not currently anticipate a significant impact to our financial position or results of operations as a result of this action as we expect that our financial contracts currently indexed to LIBOR will either expire or be modified without significant financial impact before the phase out occurs.
+Added: Due to the nature of our debt, the materiality of the fair values of the derivative instruments and the highly liquid, short-term nature and level of our cash and cash equivalents as of March 31, 2021, we believe that the risk of exposure to changing interest rates for those positions is immaterial.
+Added: There were no significant changes in how we manage interest rate risk between December 31, 2020 and March 31, 2021.
Foreign Currency Risk
For a discussion of our exposure to foreign currency exchange rate fluctuations, see “Management’s Discussion and Analysis of Financial Condition and Results of Operations — Foreign Currency Exchange Rates” in this report.
−Removed: Third Quarter 2020 Form 10-Q
+Added: First Quarter 2021 Form 10-Q
Blackbaud, Inc.
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.