14 unchanged sentences
The gross notional dollar amount of these foreign exchange contracts at December 31, 2022 was $380,443.
−Removed: A hypothetical 10%
−Removed: change in the year-end exchange rates would have resulted in an increase or decrease to Income before income taxes of $10,570 related to these positions.
+Added: A hypothetical 10% change in the year-end exchange rates would have resulted in an increase or decrease to Income before income taxes of $12,936 related to these positions.
However, any loss (or gain) resulting from a hypothetical 10% change would be offset by the associated gain (or loss) on the underlying balance sheet exposure and would ultimately not materially affect the Company’s financial statements.
−Removed: The Company also has a foreign currency forward contract hedge designated as a net investment hedge with a notional dollar amount of $94,479 at December 31, 2021.
−Removed: At December 31, 2021, a hypothetical 10% strengthening or weakening in the U.S.
−Removed: dollar would have changed Accumulated other comprehensive income (loss) by $9,668.
−Removed: The Company has cross currency swaps to hedge the Company’s net investment in subsidiaries against adverse changes in exchange rates.
−Removed: The gross notional dollar value of these contracts is $25,000 as of December 31, 2021.
+Added: The Company also has a foreign currency forward contract hedge designated as a net
+Added: investment hedge with a notional dollar amount of $88,843 at December 31, 2022.
At December 31, 2022, a hypothetical 10% strengthening or weakening in the U.S.
9 unchanged sentences
At December 31, 2022, a hypothetical 100 basis point increase to effective interest rates would have changed Accumulated other comprehensive income (loss) by $7,584.
+Added: At December 31, 2022, a hypothetical 100 basis point increase to variable interest rates would have changed Interest expense by approximately $5,600.
The fair value of the Company’s cash and cash equivalents at December 31, 2022 approximated cost due to the short-term duration.
6 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.