4 unchanged sentences
Interest Rate Risk
−Removed: As of March 31, 2021, we had cash and restricted cash of $125.6 million, which consisted primarily of bank deposits.
+Added: As of June 30, 2021, we had cash and restricted cash of $138.6 million, which consisted primarily of bank deposits.
Our cash is held for working capital purposes.
−Removed: As of March 31, 2021, we had indebtedness of $294.3 million under the syndicated First Lien Term Loan which bears variable market rates, primarily LIBOR.
+Added: As of June 30, 2021, we had indebtedness of $270.0 million under the syndicated First Lien Term Loan which bears variable market rates, primarily LIBOR.
A significant change in these market rates may adversely affect our operating results.
−Removed: As of March 31, 2021, a hypothetical 100 basis point change in interest rates would result in a change to interest expense by approximately $0.1 million for the three ended March 31, 2021.
+Added: As of June 30, 2021, a hypothetical 100 basis point change in interest rates would result in a change to interest expense by approximately $0.2 million for the six months ended June 30, 2021.
Foreign Currency Risk
−Removed: Approximately 19.6% of our net revenue in the three months ended March 31, 2021 was denominated in foreign currencies.
+Added: Approximately 18.9% of our net revenue in the six months ended June 30, 2021 was denominated in foreign currencies.
Any unfavorable movement in the exchange rate between U.S.
2 unchanged sentences
Our operating results and cash flows are, therefore, subject to fluctuations due to changes in foreign currency exchange rates.
−Removed: The impact of changes in foreign currency rates recognized in other (expense) income, net was $(2.5) million and $(0.1) million for the three months ended March 31, 2021 and 2020, respectively.
+Added: The impact of changes in foreign currency rates recognized in other (expense) income, net was $(2.6) million and $(0.1) million for the six months ended June 30, 2021 and 2020, respectively.
The primary currency fluctuations to which we are exposed are the Euro, British Pound and the Chinese Yuan.
We enter into forward currency contracts to reduce the short-term effects of currency fluctuations on Euro, British Pound, and Chinese Yuan denominated cash, accounts receivable, and intercompany receivable and payable balances.
−Removed: These forward contracts generally mature within three months and we do not enter into foreign currency forward contracts for trading purposes.
−Removed: The outstanding notional principal amount was $38.6 million and $41.6 million as of March 31, 2021 and December 31, 2020, respectively.
+Added: These forward contracts generally mature within three to four months and we do not enter into foreign currency forward contracts for trading purposes.
+Added: The outstanding notional principal amount was $48.3 million and $41.6 million as of June 30, 2021 and December 31, 2020, respectively.
The gains or losses on these contracts are recognized in earnings based on the changes in fair value.
2 unchanged sentences
A hypothetical ten percent change in exchange rates between those currencies and the U.S.
−Removed: dollar would increase or decrease our gains or losses on foreign currency exchange of approximately $3.8 million in our combined consolidated financial statements for the three months ended March 31, 2021.
+Added: dollar would increase or decrease our gains or losses on foreign currency exchange of approximately $1.7 million in our combined consolidated financial statements for the six months ended June 30, 2021
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.