12 unchanged sentences
As our operations in countries outside of the United States grow, our results of operations and cash flows will be subject to fluctuations due to changes in foreign currency exchange rates, which could harm our business in the future.
−Removed: We began entering into foreign exchange forward contracts in December 2015 to protect our forecasted U.S.
+Added: We began entering into foreign exchange forward contracts to protect our forecasted U.S.
dollar-equivalent earnings from adverse changes in foreign currency exchange rates.
7 unchanged sentences
Changes in the time value are coded in other income (expense), net.
−Removed: Changes in the intrinsic value are recorded as a component of accumulated other comprehensive income (loss) and subsequently reclassified into revenue to offset the hedged exposures as they occur.
+Added: Changes in the intrinsic value are recorded as a component of accumulated other comprehensive loss and subsequently reclassified into revenue to offset the hedged exposures as they occur.
Interest rate fluctuation risk
−Removed: We had cash and cash equivalents of $187.0 million as of December 31, 2022, which consisted of highly liquid investments with a maturity of three months or less.
+Added: We had cash and cash equivalents of $125.5 million as of December 31, 2023, which consisted of highly liquid investments with a maturity of three months or less, and $3.0 million of marketable securities with maturity dates of greater than three months.
The primary goals of our investment policy are liquidity and capital preservation.
4 unchanged sentences
A hypothetical 1.00% (100 basis points) increase in interest rates would not have materially impacted the fair value of our marketable securities as of December 31, 2023 and December 31, 2022.
−Removed: If overall interest rates had increased or decreased by 1.00% (100 basis points), neither our interest expense nor our interest income would have been materially affected during the years ended December 31, 2022 or December 31, 2021.
+Added: If overall interest rates had increased or decreased by 1.00% (100 basis points), our interest income would not have been materially affected during the years ended December 31, 2023 or December 31, 2022.
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.