16 unchanged sentences
A portion of our bookings, revenue and operating expenses is denominated in foreign currencies, which are subject to exchange rate fluctuations.
−Removed: Our most significant foreign currency exposures are the Euro, the British pound, the Indian Rupee and the Canadian dollar.
−Removed: Our reported bookings, revenues and operating results may be impacted by fluctuations in foreign currency exchange rates.
−Removed: Fluctuations in exchange rates may also cause us to recognize transaction gains and losses in our statements of operations;
+Added: Our most significant foreign currency exposures are the Euro, the British pound and the Canadian dollar.
+Added: Our reported operating results may be impacted by fluctuations in foreign currency exchange rates.
+Added: Fluctuations in
+Added: exchange rates may also cause us to recognize transaction gains and losses;
however, to date, such amounts have not been material.
As our international operations continue to grow, our exposure to fluctuations in exchange rates will increase, which may increase the costs associated with this growth.
−Removed: During 2020, our total bookings growth in constant currency would have been approximately 60 basis points higher and our total revenue
−Removed: growth would have been approximately 40 basis points higher.
−Removed: Constant currency is calculated by translating bookings and revenue for each month in the current period using the foreign currency exchange rate for the corresponding month in the prior period, excluding any hedging gains or losses realized during the period.
+Added: During 2021, our total bookings growth in constant currency would have been approximately 90 basis points lower and our total revenue growth would have been approximately 60 basis points lower.
+Added: Constant currency is calculated by translating bookings and revenue for each month in the current period using the foreign currency exchange rates for the corresponding month in the prior period, excluding any hedging gains or losses realized during the period.
From time-to-time, we may utilize foreign exchange forward contracts to manage the volatility of our bookings and revenue related to foreign currency transactions.
3 unchanged sentences
Gains and losses, once realized, are recorded as a component of AOCI and are amortized to revenue over the same period in which the underlying hedged amounts are recognized.
−Removed: At December 31, 2020, the realized and unrealized losses included in AOCI related to designated hedges were $2.0 million and $15.7 million, respectively.
+Added: At December 31, 2021, the realized and unrealized gains (losses) included in AOCI related to designated hedges were $(6.0) million and $4.6 million, respectively.
Cross-Currency Swap Contract
10 unchanged sentences
Total borrowings under our 2024 Term Loans were $1,782.4 million as of December 31, 2021.
−Removed: These borrowings bear interest at a rate equal to, at our option, either (a) LIBOR plus 1.75% per annum or (b) 0.75% per annum plus the highest of (i) the Federal Funds Rate plus 0.5%, (ii) the Prime Rate or (iii) one-month LIBOR plus 1.0%.
+Added: These borrowings bear interest at a rate equal to, at our option, either (a) the London Interbank Offered Rate (LIBOR) plus 1.75% per annum or (b) 0.75% per annum plus the highest of (i) the Federal Funds Rate plus 0.5%, (ii) the Prime Rate or (iii) one-month LIBOR plus 1.0%.
Total borrowings under our 2027 Term Loans were $738.8 million as of December 31, 2021.
8 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.