4 unchanged sentences
Foreign Currency Exchange Rates
−Removed: Approximately 12.0% of the Company's revenues for the six months ended June 30, 2020, and approximately 12.5% of the Company's revenue for the six months ended June 30, 2019, were denominated in currencies other than the U.S.
+Added: Approximately 11.0% of the Company's revenues for the nine months ended September 30, 2020, and approximately 12.6% of the Company's revenue for the nine months ended September 30, 2019, were denominated in currencies other than the U.S.
The Company's financial statements are reported in U.S.
1 unchanged sentence
dollars for purposes of reporting the Company's consolidated financial results.
−Removed: In the second quarter of 2020 and the year ended December 31, 2019, the most significant currency exchange rate exposures were to the Canadian dollar, Swiss Franc, Euro and British Pound.
+Added: In the third quarter of 2020 and the year ended December 31, 2019, the most significant currency exchange rate exposures were to the Canadian dollar, Swiss Franc, Euro and British Pound.
Excluding the impacts from any outstanding or future hedging transactions, a hypothetical change of 10% in average exchange rates used to translate all foreign currencies to U.S.
−Removed: dollars would have impacted income before income taxes for the six months ended June 30, 2020 by approximately $2.6.
−Removed: Gross accumulated currency translation adjustments recorded as a separate component of shareholders’ equity were $( 80.5 ) and $ 47.2 at June 30, 2020 and 2019, respectively.
+Added: dollars would have impacted income before income taxes for the nine months ended September 30, 2020, by approximately $2.2.
+Added: Gross accumulated currency translation adjustments recorded as a separate component of shareholders’ equity were $ 52.4 and $( 45.4 ) at September 30, 2020, and 2019, respectively.
The Company does not have significant operations in countries in which the economy is considered to be highly-inflationary.
3 unchanged sentences
The Company limits its foreign currency transaction risk through exchange rate fluctuation provisions stated in some of its contracts with customers, or it may hedge transaction risk with foreign currency forward contracts.
−Removed: At June 30, 2020, the Company had 38 open foreign exchange forward contracts relating to service contracts with various amounts maturing monthly through July 2020 with a notional value totaling approximately $612.5.
+Added: At September 30, 2020, the Company had 38 open foreign exchange forward contracts relating to service contracts with various amounts maturing monthly through October 2020 with a notional value totaling approximately $564.6.
At December 31, 2019, the Company had 34 open foreign exchange forward contracts relating to service contracts with various amounts maturing monthly through January 2020 with a notional value totaling approximately $369.2.
6 unchanged sentences
Borrowings under the Company's term loan credit facility and revolving credit facility are subject to variable interest rates, unless fixed through interest rate swaps or other agreements.
−Removed: As of June 30, 2020 and December 31, 2019, the Company had $ 375.0 and $375.0, respectively, of unhedged variable debt from the 2019 term loan credit facility and $0.0 and $0.0, respectively, outstanding on its revolving credit facility.
−Removed: To hedge against changes in the fair value of a portion of the Company's long-term debt, the Company is party to a fixed-to-variable interest rate swap agreement for a portion of the 4.625% senior notes due 2020 with an aggregate notional amount of $ 300.0 and variable interest rates based on one-month LIBOR plus 2.298 %.
+Added: As of September 30, 2020, and December 31, 2019, the Company
+Added: had $ 375.0 and $375.0, respectively, of unhedged variable debt from the 2019 term loan credit facility and $0.0 and $0.0, respectively, outstanding on its revolving credit facility.
+Added: The Company exited the remaining fixed-to-variable interest rate swap arrangement in August 2020, in connection with the redemption of the 4.625 % Senior Notes due 2020.
Each quarter-point increase or decrease in the variable rate would result in the Company's interest expense changing by approximately $0.9 per year for the Company's unhedged variable rate debt.
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.