What changed 10-Q

Item 3. Quantitative and Qualitative Disclosures About Market Risk

2023-05-08 compared with 2022-11-09 · 6 added, 6 removed, 29 unchanged (29% of the section changed)

19 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.

September 30, 2022, we had foreign currency contracts in the form of forward exchange contracts of approximately U.S.

March 31, 2023, we had foreign currency contracts in the form of forward exchange contracts of approximately U.S.

$37.0 million

GB £2.0 million and JPY ¥50.0 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.

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

1 unchanged sentence

for floating rate debt, or if floating rate debt should be swapped for fixed rate debt.

INTER PARFUMS,

AND SUBSIDIARIES

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.