10 unchanged sentences
We are exposed to market risks related to fluctuations in interest rates related to our credit facility.
−Removed: At March 31, 2020, we owed $450 million on this loan with an interest ra te of 2.49%.
+Added: At March 31, 2021, we owed $350 million on this loan with an interest rate of 1.61%.
A sensitivity analysis was performed on the outstanding portion of our debt obligation as of March 31, 2021.
−Removed: Should the current weighted average interest rate increase or decrease by 10%, the resulting annual increase or decrease to interest expense would be approxim ately $1.1 million as o f March 31, 2020.
+Added: Should the current weighted average interest rate increase or decrease by 10%, the resulting annual increase or decrease to interest expense would be approximately $564 thousand as of March 31, 2021.
Credit Risk .
8 unchanged sentences
We do not use derivative financial instruments for speculative trading purposes.
−Removed: At March 31, 2020, we had foreign currency forward contracts with notional amounts totaling $1.7 million.
−Removed: The valuation of outstanding foreign currency forward contracts at March 31, 2020 resulted in a liability balance of $49 thousand, reflecting unfavorable contract rates in comparison to current market rates at this date.
−Removed: At March 31, 2019, we had foreign currency forward contracts with notional amounts totaling $4.6 million.
−Removed: The valuation of outstanding foreign currency forward contracts at March 31, 2019 resulted in a liability balance of $68 thousand, reflecting unfavorable contract rates in comparison to current market rates at this date and an asset balance of $58 thousand reflecting favorable rates in comparison to current market rates.
+Added: At March 31, 2021, we had foreign currency forward contracts designated as hedging instruments with notional amounts totaling $11.0 million and foreign currency forward contracts not designated as hedging instruments with a notional amount of $6.4 million.
+Added: The valuation of outstanding foreign currency forward contracts (both designated and not designated as hedging instruments) at March 31, 2021 resulted in a liability balance of $191 thousand, reflecting unfavorable contract rates in comparison to current market rates at this date and an asset balance of $57 thousand, reflecting favorable rates in comparison to current market rates.
+Added: At March 31, 2020, we had foreign currency forward contracts designated as hedging instruments with notional amounts totaling $1.7 million.
+Added: The valuation of outstanding foreign currency forward contracts designated as hedging instruments at March 31, 2020 resulted in a liability balance of $49 thousand, reflecting unfavorable contract rates in comparison to current market rates at this date.
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.