18 unchanged sentences
As of December 31, 2021, the analysis indicated that these hypothetical market movements would not have a material effect on our financial position, results of operations or cash flows.
−Removed: We estimate prior to any hedging activity that a 10% adverse change in exchange rates on our foreign denominated sales would have resulted in a $4.6 million decline in revenue for the year ended December 31, 2020.
+Added: We estimate prior to any hedging activity that a 10% adverse change in exchange rates on our
+Added: foreign denominated sales would have resulted in a $ 5.9 million decline in revenue for the year ended December 31, 20 2 1 .
We designate these forward contracts as cash flow hedges for accounting purposes.
2 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 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 income (loss) and subsequently reclassified into revenue to offset the hedged exposures as they occur.
Interest rate fluctuation risk
11 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.