7 unchanged sentences
In order to reduce potential equity dilution, in connection with the issuance of the 2023 Notes we entered into the 2023 Hedge which entitles us to purchase shares of our common stock.
−Removed: Upon conversion of the 2023 Notes, the 2023 Hedge is expected to reduce the equity dilution if the daily volume-weighted average price per share of our common stock exceeds the strike price of the hedge.
+Added: Upon conversion of the 2023 Notes, the 2023 Hedge is expected to reduce the equity dilution if the daily volume-weighted average price per share of our common stock exceeds the
+Added: strike price of the hedge.
We also entered into warrant transactions with the counterparties of the 2023 Hedge entitling them to acquire shares of our common stock.
6 unchanged sentences
Fluctuations in the rate of exchange between the U.S.
−Removed: dollar and foreign currencies, primarily the British Pound, the Euro, and the Canadian Dollar, could adversely affect our financial results, including our revenues, revenue growth rates, gross margins, income and losses as well as assets and liabilities.
+Added: dollar and foreign currencies, primarily the Australian Dollar, the British Pound, the Canadian Dollar, and the Euro, could adversely affect our financial results, including our revenues, revenue growth rates, gross margins, income and losses as well as assets and liabilities.
We translate the financial statements of our international subsidiaries with functional currencies other than the U.S.
3 unchanged sentences
These adjustments will affect net income only upon sale or liquidation of the underlying investment in international subsidiaries.
−Removed: We record exchange rate fluctuations resulting from the translation of the short-term intercompany balances between domestic entities and our international subsidiaries as foreign currency transaction gains or losses and include them in interest and other income, net in our consolidated statements of operations.
+Added: We record exchange rate fluctuations resulting from the translation of the short-term intercompany balances between domestic entities and our international subsidiaries as foreign currency transaction gains or losses and include them in interest and other income (expense), net in our consolidated statements of operations.
We occasionally enter into foreign currency forward contracts in order to partially offset the impact from fluctuation of the foreign currency rates.
−Removed: As of June 30, 2021, we had foreign currency forward contracts outstanding with a notional amount of $52.0 million.
+Added: As of September 30, 2021, we had foreign currency forward contracts outstanding with a notional amount of $48.0 million.
The fair values of these derivatives are based on quoted market prices, which are Level 1 inputs, and the derivative instruments are recorded in other current assets or other current liabilities in our consolidated balance sheets consistent with the nature of the instrument at period end.
−Removed: Derivative gains and losses are included in interest and other income, net in our consolidated statements of operations.
+Added: Derivative gains and losses are included in interest and other income (expense), net in our consolidated statements of operations.
Notional principal amounts provide one measure of the transaction volume outstanding as of period end, but they do not represent the amount of our exposure to market loss.
3 unchanged sentences
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.