6 unchanged sentences
The risk related to interest rates for these accounts would produce less income than expected if market interest rates fall.
−Removed: Based on current interest rates, we do not believe we are exposed to significant downside risk related to a change in interest on our money market accounts.
−Removed: The Company did not have any investments classified as marketable securities at September 30, 2020.
−Removed: Based on current interest rates, we do not believe we are exposed to significant downside risk related to change in interest on our investment accounts.
+Added: Based on current interest rates, we do not believe we are exposed to significant downside risk related to a change in interest on our money market accounts at March 31, 2021.
The interest rate risk related to borrowings under our line of credit is based on LIBOR plus an interest rate spread.
The pricing under the Fourth Amendment of the Pinnacle Agreement provides for an interest rate spread of 1.75% to 2.75% above LIBOR with a minimum LIBOR of 0.90%.
−Removed: The applicable interest rate under the Pinnacle Agreement was 2.90% at September 30, 2020, prior to entering into the Fourth Amendment.
−Removed: As of September 30, 2020, we had $17.0 million in borrowings outstanding under our revolving credit facility.
+Added: The applicable interest rate under the Pinnacle Agreement was 3.65% at March 31, 2021.
+Added: As of March 31, 2021, we had $15.0 million in borrowings outstanding under our revolving credit facility.
Exchange Rate Risk
2 unchanged sentences
We believe our exposure to foreign currency fluctuation is minimal as our purchases in foreign currency have a maximum exposure of 90 days based on invoice terms with a portion of the exposure being limited to 30 days based on the due date of the invoice.
−Removed: Foreign currency exchange gains and losses were immaterial for the nine months ended September 30, 2020 and 2019.
+Added: Foreign currency exchange gains and losses were immaterial for the three months ended March 31, 2021 and 2020.
Neither a five percent increase nor decrease from current exchange rates would have a material effect on our operating results or financial condition.
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.