4 unchanged sentences
Interest Rate Risk
−Removed: As of June 30, 2022, we had cash and restricted cash of $38.7 million, which consisted primarily of bank deposits.
+Added: As of September 30, 2022, we had cash and restricted cash of $61.7 million, which consisted primarily of bank deposits.
Our cash is held for working capital purposes.
−Removed: As of June 30, 2022, under the Credit Agreement, we had $246.3 million Term Loan outstanding (face value), and the Term Loan bears variable market rates, primarily BSBY.
−Removed: Refer to Note 8 “Debt - Credit Agreement” for additional information on the Credit Agreement.
+Added: As of September 30, 2022, under the Credit Agreement, we had $245.0 million Term Loan outstanding (face value), and the Term Loan bears variable market rates, primarily BSBY.
+Added: See Note 8, “Debt - Credit Agreement” to our condensed consolidated financial statements for additional information on the Credit Agreement.
A significant change in these market rates may adversely affect our operating results.
−Removed: As of June 30, 2022, a hypothetical 100 basis point change in interest rates would result in a change to annual interest expense by approximately $2.5 million.
+Added: As of September 30, 2022, a hypothetical 100 basis point change in interest rates would result in a change to annual interest expense by approximately $2.5 million.
Foreign Currency Risk
−Removed: Approximately 16.2% of our net revenue for the six months ended June 30, 2022 was denominated in foreign currencies, primarily Euro and British Pound.
+Added: Approximately 16.1% of our net revenue for the nine months ended September 30, 2022 was denominated in foreign currencies, primarily Euro and British Pound.
Any unfavorable movement in the exchange rate between U.S.
4 unchanged sentences
These forward contracts generally mature within two to three months, and we do not enter into foreign currency forward contracts for trading purposes.
−Removed: The outstanding notional principal amount was $20.9 million and $48.6 million as of June 30, 2022 and December 31, 2021, respectively.
+Added: The outstanding notional principal amount was $32.4 million and $48.6 million as of September 30, 2022 and December 31, 2021, respectively.
The gains or losses on these contracts are recognized in earnings based on the changes in fair value.
−Removed: The impact of changes in foreign currency rates, including the gains or (losses) on the forward currency contracts, recognized in other (expense) income, net was $(0.1) million and $(2.6) million for the six months ended June 30, 2022 and 2021, respectively.
+Added: The impact of changes in foreign currency rates, including the gains or (losses) on the forward currency contracts, recognized in other (expense) income, net was $1.5 million and $(4.1) million for the nine months ended September 30, 2022 and 2021, respectively.
A hypothetical ten percent change in exchange rates between foreign currencies and the U.S.
−Removed: dollar would increase or decrease our gains or losses on foreign currency exchange of approximately $0.2 million in our consolidated financial statements for the six months ended June 30, 2022 .
+Added: dollar would increase or decrease our gains or losses on foreign currency exchange of approximately $1.0 million in our condensed consolidated financial statements for the nine months ended September 30, 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.