2 unchanged sentences
Our exposure to interest rate risk relates primarily to our cash, cash equivalents, and debt.
−Removed: As of March 31, 2024, our cash and cash equivalents consisted of standard depository accounts, which are held for working capital purposes, money market funds, and marketable securities with an original maturity of less than 90 days.
+Added: As of September 30, 2024, our cash and cash equivalents consisted of standard depository accounts, which are held for working capital purposes, money market funds, and marketable securities with an original maturity of less than 90 days.
We do not believe we have a material exposure to interest rate fluctuations related to our cash and cash equivalents.
−Removed: As of March 31, 2024, we had $1,088.1 million of variable-rate debt.
+Added: As of September 30, 2024, we had $1,083.9 million of variable-rate debt.
As a result, we have exposure to market risk for changes in interest rates related to these obligations.
In order to mitigate our exposure to interest rate changes related to our variable-rate debt, we execute interest rate swap contracts to fix the interest rate on a portion of our outstanding or forecasted long-term debt with varying maturities.
−Removed: As of March 31, 2024, a hypothetical 100 basis point increase in rates, inclusive of the impact of our outstanding interest rate swaps that are accruing interest as of March 31, 2024, would result in a $8.7 million impact to interest expense over the next 12 months.
+Added: As of September 30, 2024, a hypothetical 100 basis point increase in rates, inclusive of the impact of our outstanding interest rate swaps that are accruing interest as of September 30, 2024, would result in a $8.6 million impact to interest expense over the next 12 months.
This does not include any yield from cash and marketable securities.
21 unchanged sentences
The resulting gains and losses from translation are included as a component of accumulated other comprehensive loss on the consolidated balance sheet.
−Removed: Fluctuations in exchange rates can materially impact the carrying value of our assets and liabilities.
+Added: Fluctuations in exchange rates can materially impact the carrying value of our
+Added: assets and liabilities.
We have currency exposure arising from our net investments in foreign operations.
9 unchanged sentences
A hypothetical 10% change in currency exchange rates was applied to total net monetary assets denominated in currencies other than the functional currencies at the balance sheet dates to compute the impact these changes would have had on our (loss) income before income taxes in the near term.
−Removed: The balances are inclusive of the notional value of any cross-currency swaps designated as cash flow hedges.
−Removed: A hypothetical decrease in exchange rates of 10% against the functional currency of our subsidiaries would have resulted in a change of $0.9 million on our income before income taxes for the nine months ended March 31, 2024.
+Added: A hypothetical decrease in exchange rates of 10% against the functional currency of our subsidiaries would have resulted in a change of $11.2 million on our (loss) income before income taxes for the three months ended September 30, 2024.
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.