7 unchanged sentences
Declines in interest rates, however, will reduce future investment income.
−Removed: If overall interest rates had declined by 10 basis points during fiscal year 2021, fiscal year 2020 and fiscal year 2019, our interest income would have decreased by approximately $0.5 million, $0.4 million and $0.3 million, respectively, assuming consistent investment levels.
+Added: If overall interest rates had declined by 10 basis points during fiscal year 2022, fiscal year 2021 and fiscal
+Added: year 2020, our interest income would have decreased by approximately $0.4 million, $0.5 million and $0.4 million, respectively, assuming consistent investment levels.
We also have interest rate risk exposure in movements in interest rates associated with our interest bearing liabilities.
11 unchanged sentences
The majority of these investments pay a fixed rate of interest.
−Removed: The securities in the investment portfolio are subject to market
−Removed: price risk due to changes in interest rates, perceived issuer creditworthiness, marketability, and other factors.
+Added: The securities in the investment portfolio are subject to market price risk due to changes in interest rates, perceived issuer creditworthiness, marketability, and other factors.
These investments are primarily classified as available-for-sale and, consequently, are recorded on our consolidated balance sheets at fair value with unrealized gains or losses reported as a separate component of shareholders’ equity.
20 unchanged sentences
From December 28, 2019, any gains or losses related to these outstanding foreign currency forward contracts will be recorded in accumulated other comprehensive income in the consolidated balance sheets, with subsequent reclassification to the same statement of operations and comprehensive income line item as the earnings effect of hedge items when settled.
−Removed: We recorded unrealized loss of $1.5 million and $1.2 million for the year ended June 25, 2021 and June 26, 2020, respectively, related to derivatives that are not designated as hedging instruments.
+Added: We recorded unrealized loss of $0.8 million and $1.5 million for
+Added: the year ended June 24, 2022 and June 25, 2021, respectively, related to derivatives that are not designated as hedging instruments.
As foreign currency exchange rates fluctuate relative to the U.S.
11 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.