8 unchanged sentences
Our cash and cash equivalents are not subject to significant interest rate risk due to the short maturities of these instruments.
−Removed: As of September 30, 2023, the carrying value of our cash and cash equivalents approximated fair value.
+Added: As of March 31, 2024, the carrying value of our cash and cash equivalents approximated fair value.
Our return on these investments is subject to interest rate fluctuations.
−Removed: As of September 30, 2023 and December 31, 2022, we had cash and cash equivalent investments, primarily in money market funds and cash held in foreign and domestic bank accounts, of $155.7 million and $94.2 million, respectively.
+Added: As of March 31, 2024 and December 31, 2023, we had cash and cash equivalent investments, primarily in money market funds and cash held in foreign and domestic bank accounts, of $61.5 million and $88.7 million, respectively.
We do not have interest rate risk on our outstanding long-term debt as these arrangements have fixed interest rates.
12 unchanged sentences
however, we may do so in the future.
−Removed: Our objective in managing foreign exchange risk is to minimize the potential exposure to changes that exchange rates might have on earnings, cash flows and financial position.
+Added: Our objective in managing foreign exchange risk is to minimize the potential exposure to changes that exchange rates might have on earnings, cash flows and our financial position.
We currently do not have derivative financial instruments for hedging, speculative or trading purposes and therefore are not subject to such hedging risk.
However, we may in the future engage in hedging transactions to manage our exposure to fluctuations in foreign currency exchange rates.
−Removed: Foreign exchange gain for the three and nine months ended September 30, 2023 was $3.7 million and $3.4 million, respectively.
−Removed: Foreign exchange gain for the three and nine months ended September 30, 2022 was $3.0 million and $4.7 million, respectively.
+Added: Foreign exchange gain (loss) for the three months ended March 31, 2024 and 2023 was $3.9 million and $(0.9) million, respectively.
The change in foreign exchange gain was primarily attributable to the translation of certain intra-entity balances in foreign currencies.
−Removed: Cumulative translation adjustment loss, included in other comprehensive income for the three months ended September 30, 2023 and 2022 was $6.2 million and $11.4 million, respectively.
−Removed: Cumulative translation adjustment loss, included in other comprehensive income for the nine months ended September 30, 2023 and 2022 was $4.1 million and $17.9 million, respectively.
+Added: Cumulative translation adjustment (loss) gain, included in other comprehensive income for the three months ended March 31, 2024 and 2023 was $(6.3) million and $3.1 million, respectively.
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.