3 unchanged sentences
Interest Rates
−Removed: As of September 30, 2021, we had $213.0 million of variable rate bank debt outstanding under our 2017 Credit Facility.
+Added: As of March 31, 2022, we had $ 211.5 million of variable rate bank debt outstanding under our 2017 Credit Facility.
The debt bears interest at the three-month Eurodollar rate plus a margin of 2.75%.
Because our debt is subject to interest at a variable rate, our earnings will be affected in future periods by changes in interest rates.
−Removed: If the Eurodollar were to increase by a hypothetical 100 basis points, or one percentage point, from its September 30, 2021 level, our annual interest expense would increase and cash flow from operations would decrease by approximately $2.1 million based on the outstanding balance of our term loan as of September 30, 2021.
+Added: If the Eurodollar were to increase by a hypothetical 100 basis points, or one percentage point, from its March 31, 2022 level, our annual interest expense would increase and cash flow from operations would decrease by approximately $2.1 million based on the outstanding balance of our term loan as of March 31, 2022.
Foreign Currency
2 unchanged sentences
dollars , and the majority of our current revenues continue to be, and are expected to remain, denominated in U.S.
−Removed: However, we have operations in countries other than the United States, primarily related to our digital business, and as a result we expect an increasing portion of our future revenues to be denominated in currencies other than the U.S.
−Removed: dollar, primarily the Mexican peso, Argentine peso, various other Latin American currencies and various Asian currencies.
−Removed: The effect of an immediate and hypothetical 10% adverse change in foreign exchange rates on foreign-denominated accounts receivable at September 30, 2021 would not be material to our overall financial condition or consolidated results of operations.
−Removed: Certain of our operating expenses are denominated in the currencies of the countries in which our operations are located, primarily the United States and, to a lesser extent, Spain, Mexico, Argentina, other Latin American countries and other Asian countries.
+Added: However, we have oper ations in countries other than the United States, primarily related to our digital business, and as a result we expect an increasing portion of our future revenues to be denominated in currencies other than the U.S.
+Added: dollar, primarily the Mexican peso, Argentine peso, certain other Latin American currencies and various other currencies.
+Added: The effect of an immediate and hypothetical 10% adverse change in foreign exchange rates on foreign-denominated accounts receivable at March 31, 20 22 would not be material to our overall financial condition or consolidated results of operations.
+Added: Our operating expenses are primarily denominated in U.S.
+Added: In addition, certain of our operating expenses are d enominated in the currencies of the countries in which our operations are located, such as Spain, Latin American countries and other countries.
Increases and decreases in our foreign-denominated revenue from movements in foreign exchange rates are partially offset by the corresponding decreases or increases in our foreign-denominated operating expenses.
1 unchanged sentence
As a result, we applied the guidance in ASC 830 by remeasuring non-monetary assets and liabilities at historical exchange rates and monetary-assets and liabilities using current exchange rates (see Note 2 to Notes to Consolidated Financial Statements).
−Removed: As our operations grow, our risks associated with fluctuation in currency rates will become greater, and we will continue to reassess our approach to managing this risk.
+Added: As our international operations continue to g row, our risks associated with fluctuation in currency rates will become greater, and we will continue to reassess our approach to managing this risk.
In addition, currency fluctuations or a weakening U.S.
2 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.