3 unchanged sentences
We evaluate and manage the exposure to these market risks as follows:
−Removed: Cash Equivalents and Short-term Investments — We had cash equivalents of $60.5 million as of March 31, 2020 , which are subject to interest rate fluctuations.
+Added: Cash Equivalents and Short-term Investments — We had cash equivalents of $45.6 million as of June 30, 2020 , which are subject to interest rate fluctuations.
An increase in interest rates could adversely affect the market value of our cash equivalents and short-term investments.
−Removed: A hypothetical 100 basis point increase in interest rates would not have material impact fair value of our cash equivalents and short-term investments as of March 31, 2020 .
+Added: A hypothetical 100 basis point increase in interest rates would not have material impact fair value of our cash equivalents and short-term investments as of June 30, 2020 .
We limit our exposure to interest rate and credit risk by establishing and monitoring clear policies and guidelines for our cash equivalents and short-term investment portfolios.
2 unchanged sentences
We do not use derivative financial instruments in our investment portfolio to manage interest rate risk.
−Removed: The COVID-19 pandemic and its resulting economic effects could have significant adverse effects on our customers’ ability to manufacture, distribute and sell products incorporating our touch-enabling technologies, which may result in a reduction in the royalties we receive and could cause adverse effects on our business, results of operations, financial condition and cash flows.
−Removed: As part of our response to the impact of the COVID-19 pandemic on our business, we are taking the following cost reduction measures:
−Removed: a 10% reduction of the base salaries of certain company executives and a 25% reduction of cash compensation of each directors' cash compensation for service on the Board and each of its committees;
−Removed: reduced and renegotiated professional services fees from third party services providers and relocation of certain positions to lower-cost regions.
−Removed: We also suspended our 401(k) match until further notice.
−Removed: Although such disruptions did not have a material adverse impact on our financial results for the first quarter of fiscal 2020.
−Removed: We will continue to analyze our cost structure and may implement additional cost reduction measures as may be necessary due to the on-going economic challenges resulting from the COVID-19 pandemic.
Foreign Currency Exchange Rates — A substantial majority of our revenue, expense, and capital purchasing activities are transacted in U.S.
6 unchanged sentences
For example, we have a deposit denominated in South Korean Won held in a subsidiary where the primary currency is the Euro.
−Removed: Fluctuations in currency exchange rates will result in foreign currency translation gains and losses, which are included in other income (expense), net in our Condensed Consolidated Statements of Operations.
+Added: Fluctuations in currency exchange rates will result in foreign currency translation gains and losses, which are included in Interest and other income in our Condensed Consolidated Statements of Operations and Comprehensive Loss.
In addition, the functional currency of our international subsidiaries is U.
−Removed: dollars, hence monetary assets and liabilities are remeasured on a periodic basis, any resulting gains or losses statements of the foreign subsidiaries and foreign currency translation gains and losses are included in other income (expense), net in our Condensed Consolidated Statements of Operations.
+Added: dollars, hence monetary assets and liabilities are remeasured on a periodic basis, any resulting gains or losses statements of the foreign subsidiaries and foreign currency translation gains and losses are included in Interest and other income in our Condensed Consolidated Statements of Operations.
We have no foreign exchange contracts, option contracts, or other foreign currency hedging arrangements, however we may enter into such arrangements in the future.
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.