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 March 31, 2024, the carrying value of our cash and cash equivalents approximated fair value.
+Added: As of June 30, 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 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.
+Added: As of June 30, 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 $49.2 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.
2 unchanged sentences
Foreign Currency Risk
−Removed: Our principal exposure to foreign currency risk relates to investment and inter-company debt in foreign subsidiaries that transact business in functional currencies other than the U.S.
+Added: Our principal exposure to foreign currency risk relates to investment and intercompany debt in foreign subsidiaries that transact business in functional currencies other than the U.S.
Dollar, primarily the Euro and the Japanese Yen.
10 unchanged sentences
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 (loss) for the three months ended March 31, 2024 and 2023 was $3.9 million and $(0.9) million, respectively.
−Removed: 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) 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.
+Added: Foreign exchange gain was $0.7 million and $0.6 million for the three months ended June 30, 2024 and 2023, respectively.
+Added: Foreign exchange gain (loss) was $4.6 million and $(0.3) million for the six months ended June 30, 2024 and 2023, respectively.
+Added: The change in foreign exchange gain (loss) was primarily attributable to the translation of certain intra-entity balances in foreign currencies.
+Added: Cumulative translation adjustment loss, included in other comprehensive income, was $1.3 million and $1.0 million for the three months ended June 30, 2024 and 2023, respectively.
+Added: Cumulative translation adjustment (loss) gain, included in other comprehensive income, was $(7.7) million and $2.1 million for the six months ended June 30, 2024 and 2023, 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.