5 unchanged sentences
We have a revolving credit facility that is subject to the risk of higher interest charges associated with increases in interest rates.
−Removed: As of March 31, 2023, we had $5.0 million in floating-rate obligations outstanding under our ABL Facility.
−Removed: The use of floating-rate obligations exposes us to the risk of increased interest expense in the event of increases in short-term interest rates.
−Removed: If the floating interest rates increased by 1% from March 31, 2023 levels, our consolidated interest expense would increase by a total of approximately $0.1 million annually.
+Added: As of June 30, 2023, we had no floating-rate obligations outstanding under our ABL Facility.
+Added: The use of floating-rate obligations would expose us to the risk of increased interest expense in the event of increases in short-term interest rates.
Foreign Currency Exchange Rate Risk.
3 unchanged sentences
In order to mitigate the effects of foreign currency exchange rate risks in areas outside of the United States (primarily in our Offshore/Manufactured Products segment), we generally pay a portion of our expenses in local currencies and a substantial portion of our contracts provide for collections from customers in U.S.
−Removed: During the first three months of 2023, our reported foreign currency exchange losses were $0.5 million and are included in "Other operating expense, net" in the consolidated statements of operations.
+Added: During the first six months of 2023, our reported foreign currency exchange losses were $0.7 million and are included in "Other operating income, net" in the consolidated statements of operations.
Accumulated other comprehensive loss, reported as a component of stockholders' equity, primarily relates to fluctuations in currency exchange rates against the U.S.
dollar as used to translate certain of the international operations of our operating segments.
−Removed: Our accumulated other comprehensive loss decreased $4.1 million from $78.9 million as of December 31, 2022 to $74.8 million as of March 31, 2023, due to changes in currency exchange rates.
−Removed: During the three months ended March 31, 2023, the exchange rates for the British pound and the Brazilian real strengthened by 3% and 2%, respectively, compared to the U.S.
+Added: Our accumulated other comprehensive loss decreased $7.4 million from $78.9 million as of December 31, 2022 to $71.5 million as of June 30, 2023, due to changes in currency exchange rates.
+Added: During the six months ended June 30, 2023, the exchange rates for the British pound and the Brazilian real strengthened by 5% and 8%, respectively, compared to the U.S.
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.