What changed 10-Q

Item 3. Quantitative and Qualitative Disclosures About Market Risk

2020-11-09 compared with 2020-08-10 · 7 added, 5 removed, 27 unchanged (31% of the section changed)

AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

address certain financial exposures through a controlled program of risk management that primarily consists of the use of derivative

17 unchanged sentences

derivative instrument will be recorded in other comprehensive income.

PARFUMS, INC.

AND SUBSIDIARIES

entering into a derivative transaction for hedging purposes, we determine that the change in the value of the derivative will

3 unchanged sentences

Any hedge ineffectiveness is recognized in the income statement.

June 30, 2020, we had foreign currency contracts in the form of forward exchange contracts in the amount of approximately U.S.

$2.7 million with maturities of less than one year.

We believe that our risk of loss as the result of nonperformance by any

of such financial institutions is remote.

September 30, 2020, we had foreign currency contracts in the form of forward exchange contracts of approximately U.S.

and GB £4.0 million with maturities of less than one year.

We believe that our risk of loss as the result of nonperformance

by any of such financial institutions is remote.

Rate Risk Management

2 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.