−Removed: Item 7A —Quantitative and Qualitative Disclosure About Market Risk
+Added: Quantitative and Qualitative Disclosure About Market Risk
Foreign Exchange Risk
8 unchanged sentences
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.
−Removed: Additionally, Brexit could adversely affect U.K., European and worldwide economic market conditions and could contribute to instability in global financial and foreign exchange markets, including volatility in the value of the British Pound and Euro.
−Removed: officially left the E.U.
−Removed: on January 31, 2020, and the TCA was ratified by the U.K.
−Removed: Parliament on December 31, 2020.
−Removed: We recognize that there remains significant uncertainties surrounding the impact of the TCA and other ongoing Brexit negotiations, and will continue to monitor any changes that may arise and assess their potential impact on our business.
Translation of Financial Results
5 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 $5.0 million, losses of $1.5 million, and gains of $3.3 million for fiscal 2022, fiscal 2021, and fiscal 2020, respectively.
−Removed: These translation gains and losses are reflected in shareholders' equity as a component of accumulated other comprehensive income (loss).
+Added: Dollar, the unrealized changes in the net investments were gains of $2.8 million, losses of $5.0 million, and losses of $1.5 million for fiscal 2023, fiscal 2022, and fiscal 2021, respectively.
+Added: These translation gains and losses are reflected in consolidated statements of comprehensive income.
Interest Rate Risk
2 unchanged sentences
A hypothetical change in the interest rate of 10% would not have a material impact to our net income.
−Removed: From time to time, we may maintain an investment portfolio, often consisting mainly of money market mutual funds that may be withdrawn upon request.
−Removed: 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 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.