5 unchanged sentences
Our market risk exposure fluctuates based on changes in underlying interest rates.
−Removed: During the year ended July 31, 2020, we entered into interest rate swap agreements to fix the interest rate on a portion of our Vail Holdings Credit Agreement, which has the effect of fixing the underlying floating interest rate component of $400.0 million of the principal amount outstanding at an effective rate of 1.46%.
Foreign Currency Exchange Rate Risk.
7 unchanged sentences
We do not currently enter into hedging arrangements to minimize the impact of foreign currency fluctuations on our operations.
−Removed: The following table summarizes the amounts of foreign currency translation adjustments, net of tax, representing losses and foreign currency loss on intercompany loans recognized in comprehensive income (in thousands):
+Added: The following table summarizes the amounts of foreign currency translation adjustments, representing gains (losses), and foreign currency gain (loss) on intercompany loans recognized in comprehensive income (in thousands):
Year ended July 31,
−Removed: Foreign currency translation adjustments, net of tax
−Removed: Foreign currency loss on intercompany loans
+Added: 2021 2020 2019
+Added: Foreign currency translation adjustments $ 100,019 $ (9,075) $ (34,287)
+Added: Foreign currency gain (loss) on intercompany loans $ 8,282 $ (3,230) $ (2,854)
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.