6 unchanged sentences
We use a sensitivity analysis to measure our interest risk exposure.
−Removed: Based on our Credit Facility balance of $150.0 million at March 31, 2020 and assuming the use of the LIBOR rate, a 1% change in interest rates could potentially result in additional annual interest expense or savings of $1.5 million.
+Added: Based on our Credit Facility balance of $150.0 million at June 30, 2020 and assuming the use of the LIBOR rate, a 1% change in interest rates could potentially result in additional annual interest expense or savings of $1.5 million.
Foreign Exchange Risk
We have foreign currency exchange risk related to foreign-denominated cash, accounts receivable and accounts payable and accrued liabilities.
−Removed: In our European operations, our net Euro asset position at March 31, 2020 was approximately €55.9 million.
+Added: In our European operations, our net Euro asset position at June 30, 2020 was approximately €50.8 million.
A 10% change in the conversion of the Euro to the U.S.
−Removed: dollar for our cash, accounts receivable, accounts payable and accrued liabilities from the March 31, 2020 spot rate would impact our consolidated amounts on these balance sheet items by approximately $6.1 million, or 0.7% of these consolidated net assets.
+Added: dollar for our cash, accounts receivable, accounts payable and accrued liabilities from the June 30, 2020 spot rate would impact our consolidated amounts on these balance sheet items by approximately $5.7 million, or 0.7% of these consolidated net assets.
We expect that in the future, with the growth of our European distribution operations, net Euro denominated instruments will continue to increase.
−Removed: In our Canadian operations, our net Canadian dollar asset position at March 31, 2020 was approximately $24.5 million.
+Added: In our Canadian operations, our net Canadian dollar asset position at June 30, 2020 was approximately $32.8 million.
A 10% change in the conversion of the Canadian dollar to the U.S.
−Removed: dollar for our cash, accounts receivable, accounts payable and accrued liabilities from the March 31, 2020 spot rate would impact our consolidated amounts on these balance sheet items by approximately $1.6 million, or 0.2% of these net assets.
+Added: dollar for our cash, accounts receivable, accounts payable and accrued liabilities from the June 30, 2020 spot rate would impact our consolidated amounts on these balance sheet items by approximately $2.4 million, or 0.3% of these net assets.
We currently do not hedge our Canadian dollar or Euro foreign currency exposures.
3 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.