2 unchanged sentences
Interest Rate Risk
−Removed: Our cash and cash equivalents primarily consist of cash on hand and highly liquid investments in corporate debt securities and bank deposits.
+Added: Our cash and cash equivalents primarily consist of cash on hand and highly liquid investments in bank deposits and money market funds.
Our investments are exposed to market risk due to fluctuations in interest rates, which may affect our interest income and the fair value of our investments.
5 unchanged sentences
We therefore do not expect our results of operations or cash flows to be materially affected by a sudden change in market interest rates.
−Removed: Our debt obligations consist of variety of financial instruments that expose us to interest rate risk, including, but not limited to our revolving credit facility and the Senior Notes.
−Removed: Interest on the revolving credit facility is tied to short term interest rate benchmarks including prime rate or LIBOR.
−Removed: Interest on the term loans is fixed.
+Added: Our debt obligations consist of a variety of financial instruments that expose us to interest rate risk, including, but not limited to our revolving credit facility and the Senior Notes.
+Added: The interest on the revolving credit facility is tied to short term interest rate benchmarks including the Term SOFR.
+Added: The interest rate on the Senior Notes is fixed.
Foreign Currency Risk
3 unchanged sentences
Foreign currency transaction gains and losses are recorded to Other income (expense), net.
−Removed: During the year ended January 31, 2021, foreign currency exchange rate gain recorded to Other comprehensive income (loss) was $2.6 million.
−Removed: A hypothetical 10% decrease in the U.S.
−Removed: dollar against other currencies would have resulted in an increase in operating loss of approximately $17.2 million for the year ended January 31, 2021.
+Added: A hypothetical 10% adverse change in the U.S.
+Added: dollar against other currencies would have resulted in an increase in operating loss of approximately $36.3 million and $17.2 million for the fiscal years ended January 31, 2022 and January 31, 2021, respectively.
We have not entered into derivative or hedging transactions, but we may do so in the future if our exposure to foreign currency becomes more significant.
+Added: Inflation Rate Risk
+Added: We do not believe that inflation had a material effect on our business, financial conditions or results of operations during the fiscal year ended January 31, 2022.
+Added: If our costs were to become subject to significant inflationary pressures, we may not be able to fully offset such higher costs through price increases.
+Added: Our inability or failure to do so could harm our business, financial condition and results of operations.
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.