4 unchanged sentences
A hypothetical increase or decrease in the interest rate by 1 percentage point would result in an increase or decrease in annual interest expense by approximately $15.9 million.
−Removed: The fair value of our outstanding convertible notes is subject to interest rate risk, market risk and other factors due to convertible feature.
−Removed: The fair value of the convertible notes will generally increase as interest rates fall and decrease as interest rates rise.
−Removed: In addition, the fair value of the convertible notes will generally increase as our common stock price increases and will generally decrease as our common stock price declines in value.
−Removed: The interest and market value changes affect the fair value of the convertible notes but, with respect to the Inphi 2025 Convertible Notes, do not impact our financial position, cash flows or results of operations due to the fixed nature of the debt obligation.
−Removed: For the Inphi 2021 Convertible Notes, we elected the fair value option and carry the Inphi 2021 Convertible Notes at fair value.
−Removed: We hold capped calls in connection with the convertible notes.
−Removed: The capped calls provide for variable cash settlement based on our stock price.
−Removed: The capped calls qualify as derivatives and, accordingly, we measure the capped calls at fair value, with changes in fair value reported in earnings.
−Removed: See “Note 5 - Debt” in the Notes to the Unaudited Condensed Consolidated Financial Statements for further information.
We currently carry debt that relies on LIBOR as the benchmark rate.
7 unchanged sentences
Fixed rate securities may have their fair market value adversely impacted due to a rise in interest rates, while floating rate securities may produce less income than predicted if interest rates fall.
−Removed: There were no such investments on hand at July 31, 2021, aside from cash and cash equivalents.
+Added: There were no such investments on hand at October 30, 2021, aside from cash and cash equivalents.
Foreign Currency Exchange Risk .
15 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.