8 unchanged sentences
Given the short-term nature of certain investments, the related income is subject to the general level of interest rates in the United States at the time of maturity and reinvestment.
−Removed: We have managed the financial market risks due largely to changes in interest rates primarily by managing the maturities in our investment portfolio.
−Removed: The fair value of our short-term held-to-maturity investment portfolio and related income would not be significantly affected by changes in interest rates since the investment maturities are short.
−Removed: The fair value of our long-term held-to-maturity investment portfolio may be affected by changes in interest rates.
−Removed: Operating in international markets involves exposure to possible volatile movements in currency exchange rates.
−Removed: Our Water and Mineral Services operating group has international operations in Mexico and Canada.
−Removed: We also have affiliates that operate in Latin America (see Note 10 of “Notes to the Consolidated Financial Statements”).
−Removed: The majority of the customer contracts in Mexico are U.S.
−Removed: dollar-based, reducing the exposure to currency fluctuations.
−Removed: As of December 31, 2020, we do not have any outstanding foreign currency option contracts.
−Removed: If the volume of our international operations increases and foreign currency exchange rates change, the impact to our consolidated statements of operations could be significant and may affect year-to-year comparability of operating results.
−Removed: The impact from foreign currency transactions during 2020 was immaterial.
−Removed: In November 2019, we issued $230.0 million principal amount of convertible senior notes that bear interest at 2.75% per annum and are payable semiannually in arrears on May 1 and November 1 of each year, beginning on May 1, 2020, with a maturity date of November 1, 2024 (the “2.75% Convertible Notes”). As of December 31, 2020 and 2019, $196.0 million and $188.3 million of the 2.75% Convertible Notes was included in long-term debt in our consolidated balance sheets net of debt issuance costs and $29.7 million and $36.3 million unamortized debt discount, respectively.
−Removed: As of December 31, 2020, a $131.3 million term loan was outstanding under the Credit Agreement that had a variable interest rate of LIBOR plus an applicable margin, that we converted under a swap arrangement to a fixed rate of 2.76% plus the same applicable margin.
+Added: We manage investment interest rate market risk primarily by managing portfolio maturity. The fair value of our long-term held-to-maturity investment portfolio may be affected by changes in interest rates.
+Added: Our continuing operations do not have any material business transactions in foreign currencies.
+Added: As of December 31, 2021 and 2020, the balance in long-term debt in our consolidated balance sheets of the 2.75% Convertible Notes, excluding debt issuance costs, including $14.8 million and $7.7 million, respectively, of amortized debt discount, was $207.4 million and $200.3 million, respectively.
+Added: As of December 31, 2021 and 2020, the remaining unamortized debt discount was $22.6 million and $29.7 million, respectively.
+Added: As of December 31, 2021 and 2020, a term loan of $123.8 million and $131.3 million, respectively, was outstanding under the Credit Agreement that had a variable interest rate of LIBOR plus an applicable margin, that we converted under a swap arrangement to a fixed rate of 2.76% plus the same applicable margin.
The applicable margin is based on certain financial ratios calculated quarterly and can vary in future periods.
The additional annual interest expense for each 25 basis point increase in the applicable margin would be immaterial.
−Removed: As of December 31, 2020, there was no amount drawn under the revolving portion of the Credit Agreement.
+Added: As of December 31, 2021, there was no amount drawn under the revolving portion of the Credit Agreement.
See Note 14 of “Notes to the Consolidated Financial Statements”
for further discussion on the 2.75% Convertible Notes and Credit Agreement.
−Removed: The table below presents principal amounts due by year and related weighted average interest rates for our cash and cash equivalents, held-to-maturity investments and significant debt obligations excluding debt issuance costs as of
−Removed: December 31, 
−Removed: 2020 (dollars in thousands):
+Added: The table below presents principal amounts due by year and related weighted average interest rates for our cash and cash equivalents, held-to-maturity investments and significant debt obligations excluding debt issuance costs as of December 31, 2021 (dollars in thousands):
Cash, cash equivalents, held-to-maturity investments
6 unchanged sentences
(1) Debt issuance costs are excluded from the table.
−Removed: Included in the table is $29.7 million of unamortized debt discount related to the 2.75% Convertible Notes (as defined in Note 14 to “Notes to the Consolidated Financial Statements”).
−Removed: Upon conversion of the 2.75% Convertible Notes, we intend to pay cash or deliver shares of common stock or a combination of both at our election. 
−Removed: (2) Not included in the interest rate is 0.50% of additional interest due to noteholders through February 25, 2021 as a result of the Company's delay in filing its 2019 and 2020 financial statements.
−Removed: (3) The effective interest rate was calculated using one-month LIBOR plus the applicable margin, subject to a 75bp LIBOR floor.
−Removed: As forecasted LIBOR was below 75bps for all future periods, the 75bp LIBOR floor was utilized.
+Added: Included in the table is $22.6 million of unamortized debt discount related to the 2.75% Convertible Notes (as defined in Note 14 to “Notes to the Consolidated Financial Statements”).
+Added: (2) The effective interest rate was calculated using three-month LIBOR plus the applicable margin, subject to a 75bp LIBOR floor.
+Added: As forecasted LIBOR was below 75bps for remaining term loan periods, the 75bp LIBOR floor was utilized.
Future interest payments may differ from actual results. 
−Removed: The estimated fair value of our cash, cash equivalents and short-term held-to-maturity investments approximates the principal amounts reflected above based on the generally short maturities of these financial instruments. The fair value of the term loan under the Credit Agreement was approximately $133.0 million and $139.0 million as of December 31, 2020 and 2019, respectively.
−Removed: The fair value of 2.75% Convertible Notes was approximately $248.4 million and $250.0 million as of December 31, 2020 and 2019, respectively.
+Added: The estimated fair value of our cash and cash equivalents approximates the principal amounts reflected above based on the generally short maturities of these financial instruments. The fair value of the term loan under the Credit Agreement was approximately $124.6 million and $133.0 million as of December 31, 2021 and 2020, respectively.
+Added: The fair value of 2.75% Convertible Notes was approximately $313.8 million and $248.4 million as of December 31, 2021 and 2020, respectively.
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.