21 unchanged sentences
We are subject to foreign currency exchange risk with respect to cash balances maintained in foreign currencies.
−Removed: Debt - Our interest rate risk relates primarily to U.S.
−Removed: dollar LIBOR-indexed borrowings.
−Removed: We use interest rate swap derivative instruments to manage our earnings and cash flow exposure to changes in interest rates.
−Removed: These interest rate swaps fix the interest rate on a portion of our expected LIBOR-indexed floating-rate borrowings.
−Removed: The Company held the following interest rate swaps as of December 31, 2022 (dollar amounts in thousands):
−Removed: Hedged Item Notional Amount Designation Date Effective Date Termination Date Fixed Interest Rate Estimated Fair Value
−Removed: Assets (Liabilities)
−Removed: 1-month USD LIBOR Loan 150,000 December 13, 2017 July 1, 2019 June 30, 2024 2.423 % 5,012
−Removed: 1-month USD LIBOR Loan 200,000 December 13, 2017 January 1, 2018 December 31, 2024 2.313 % 8,380
−Removed: 1-month USD LIBOR Loan 75,000 October 10, 2018 July 1, 2020 June 30, 2025 3.220 % 1,831
−Removed: 1-month USD LIBOR Loan 75,000 October 10, 2018 July 1, 2020 June 30, 2025 3.199 % 1,905
−Removed: 1-month USD LIBOR Loan 75,000 October 10, 2018 July 1, 2020 June 30, 2025 3.209 % 1,970
−Removed: 1-month USD LIBOR Loan 100,000 December 18, 2018 December 30, 2022 December 31, 2027 2.885 % 4,252
−Removed: 1-month USD LIBOR Loan 100,000 December 18, 2018 December 30, 2022 December 31, 2027 2.867 % 4,153
−Removed: 1-month USD LIBOR Loan 575,000 December 15, 2020 July 31, 2025 December 31, 2027 1.415 % 23,742
−Removed: 1-month USD LIBOR Loan 125,000 December 15, 2020 July 1, 2025 December 31, 2027 1.404 % 5,467
−Removed: $ 1,475,000 $ 56,712
+Added: Short-Term Investments- We are exposed to the risk of interest rate fluctuations on the interest income earned on our short-term investments.
+Added: A hypothetical 100 basis points movement in interest rates applicable to our short-term investments outstanding at December 31, 2023 would increase or decrease interest income by approximately $0.3 million on an annual basis.
+Added: Debt - The Company’s interest rate risk relates to U.S.
+Added: dollar denominated variable interest rate borrowings.
+Added: The Company uses interest rate swap derivative instruments to manage earnings and cash flow exposure resulting from changes in interest rates.
+Added: These interest rate swaps apply a fixed interest rate on a portion of the Company's expected SOFR-indexed borrowings.
+Added: In connection with the March 2023 Amendment to the Senior Credit Facility, the Company amended its interest rate from LIBOR to SOFR-indexed interest.
+Added: In March 2023, the Company entered into a basis swap where the Company receives Term SOFR and pays daily compounded SOFR to convert the portfolio of swaps from daily compounded SOFR to term SOFR.
+Added: See Note 6, Derivative Instruments to the Notes to Consolidated Financial Statements (Part IV, Item 15 of this Annual Report on Form 10-K) for a detail of current interest rate swap derivative instruments.
These interest rate swaps were designated as cash flow hedges as of December 31, 2023.
−Removed: The total notional amounts related to the Company’s interest rate swaps were $1.5 billion and with $775.0 million effective as of December 31, 2022.
−Removed: Based on our outstanding borrowings at December 31, 2022, a 100 basis points change in interest rates would have impacted interest expense on the unhedged p ortion of the debt b y $1.1 million o n an annualized basis.
+Added: The total notional amounts related to the Company’s interest rate swaps were $1.5 billion with $0.8 billion effective as of December 31, 2023.
+Added: Based on our outstanding borrowings at December 31, 2023, a 100 basis points change in interest rates would have impacted interest expense on the unhedged portion of the debt by $1.6 million on an annualized basis.
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.