8 unchanged sentences
We continue to manage our foreign currency exchange exposure through frequent settling of intercompany account balances and by self-hedging movements between functional currency exchange rates and those in which we transact business.
−Removed: Holding all other variables constant, a hypothetical 10% movement in foreign exchange rates on January 1, 2022 would have affected our income before provision for income taxes for fiscal 2021 by approximately $3.1 million.
+Added: Holding all other variables constant, a hypothetical 10% movement in foreign exchange rates on December 31, 2022 would have affected our income before provision for income taxes for fiscal 2022 by approximately $4.3 million.
However, actual gains and losses in the future could differ materially from this analysis based on the timing and amount of both foreign currency exchange rate movements and our actual exposure.
11 unchanged sentences
For our foreign subsidiaries whose functional currencies are denominated in currencies other than the U.S.
−Removed: Dollar, the unrealized changes in the net investments were losses of $1.5 million, gains of $3.3 million, and gains of $0.8 million for fiscal 2021, fiscal 2020, and fiscal 2019, respectively.
+Added: Dollar, the unrealized changes in the net investments were losses of $5.0 million, losses of $1.5 million, and gains of $3.3 million for fiscal 2022, fiscal 2021, and fiscal 2020, respectively.
These translation gains and losses are reflected in shareholders' equity as a component of accumulated other comprehensive income (loss).
Interest Rate Risk
−Removed: Our primary exposure to interest rate risk is associated with our revolving credit facility, which has variable interest rates for our borrowings based on our leverage ratio and certain reference rates, at our election, permitted under the terms of the credit agreement.
−Removed: We had no outstanding borrowings under our revolving credit facility as of January 1, 2022.
+Added: Our primary exposure to interest rate risk is associated with our revolving credit facility, which has variable interest rates for our borrowings based on our consolidated net leverage ratio and certain contractual rates, at our election, permitted under the terms of the credit agreement.
+Added: We had no outstanding borrowings under our revolving credit facility as of December 31, 2022.
A hypothetical change in the interest rate of 10% would not have a material impact to our net income.
1 unchanged sentence
These money market mutual funds are subject to interest rate risk.
−Removed: However, a hypothetical change in the interest rates of 10% would not have a material impact to the fair values of these securities at January 1, 2022.
+Added: However, a hypothetical change in the interest rates of 10% would not have a material impact to the fair values of these securities at December 31, 2022.
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.