4 unchanged sentences
We transact business in various foreign currencies other than the U.S.
−Removed: dollar, principally the Euro, British pound sterling, Canadian dollar and Australian dollar, which exposes us to foreign currency risk.
+Added: dollar, principally the Euro, British pound sterling, Canadian dollar, Indian Rupee, Polish Zloty, Swiss Franc, and, to a lesser extent, Australian dollar, which exposes us to foreign currency risk.
For the year ended December 31, 2023, we derived approximately 26.2% of our revenue from our International segment.
13 unchanged sentences
Our cash balance as of December 31, 2023 consists of bank deposits so exposure to market risk for changes in interest rates is limited.
−Removed: In March and April 2021, we issued the 2026 Notes with an aggregate principal amount of $230.0 million (see Item 8, Note 7, Financing Arrangements ).
−Removed: The 2026 Notes bear interest at a fixed rate, so we have no financial statement impact from changes in interest rates.
+Added: The 2026 Notes have an aggregate principal amount of $230.0 million (see Item 8, Note 7, Financing Arrangements ) and bear interest at a fixed rate, so we have no financial statement impact from changes in interest rates.
However, changes in market interest rates impact the fair value of the 2026 Notes along with other variables such as our credit spreads and the market price and volatility of our Common Stock.
−Removed: Our Third Amendment Credit Agreement provided for aggregate principal borrowings of up to $150.0 million.
−Removed: As of December 31, 2022, we had $75.0 million of borrowings outstanding and $24.9 million of outstanding letters of credit under the Third Amendment Credit Agreement.
−Removed: In connection with entering into the Fourth Amendment to our Third Amendment Credit Agreement in March 2023, our borrowing capacity under the Amended Credit Agreement was reduced from $150.0 million to $75.0 million and consequently we repaid $25.0 million of these outstanding amounts in connection with the Fourth Amendment.
+Added: Our Credit Agreement provided for aggregate principal borrowings of up to $75.0 million.
+Added: As of December 31, 2023, we had $42.8 million of borrowings outstanding and $25.2 million of outstanding letters of credit under the Credit Agreement.
See Item 7, Liquidity and Capital Resources, for additional information.
−Removed: Because borrowings under the Amended Credit Agreement bear interest at a variable rate, we are exposed to market risk relating to changes in interest rates if we borrow under the Amended Credit Agreement.
−Removed: We also have $46.8 million of lease obligations as of December 31, 2022.
+Added: Because borrowings under the Credit Agreement bear interest at a variable rate, we are exposed to market risk relating to changes in interest rates if we borrow under the Credit Agreement.
+Added: We have $9.5 million of lease obligations as of December 31, 2023.
Interest rates on existing leases typically do not change unless there is a modification to a lease agreement and, as such, we do not believe that the interest rate risk on the lease obligations is significant.
6 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.