11 unchanged sentences
We are exposed to interest rate risk through our borrowing activities.
−Removed: As of December 31, 2019, we had total debt under the A&R Credit Agreement of $50.0 million.
−Removed: Refer to Note 9, Debt and Credit Agreements , of the Notes to Consolidated Financial Statements included in this annual report.
−Removed: We use interest rate swap agreements to protect against adverse fluctuations in interest rates by reducing our exposure to variability in cash flows relating to interest payments on a portion of our outstanding debt.
−Removed: Our interest rate swaps, which are
−Removed: designated as cash flow hedges, involve the receipt of variable amounts from counterparties in exchange for us making fixed-rate payments over the life of the agreements.
+Added: As of December 31, 2020, there was no outstanding balance under the A&R Credit Agreement, and the net carrying amount under our convertible senior notes was $467.2 million.
+Added: Although our convertible senior notes are based on a fixed rate, changes in interest rates could impact the fair value of such notes.
+Added: As of December 31, 2020, the fair market value of our convertible senior notes was $782.3 million.
+Added: Refer to Note 10, Convertible Senior Notes , of the Notes to Consolidated Financial Statements included in this annual report on Form 10-K.
+Added: We have used interest rate swap agreements to protect against adverse fluctuations in interest rates by reducing our exposure to variability in cash flows relating to interest payments on a portion of our outstanding debt.
+Added: Our interest rate swaps, which were designated as cash flow hedges, involved the receipt of variable amounts from counterparties in exchange for us
+Added: making fixed-rate payments over the life of the agreements.
We do not hold or issue any derivative financial instruments for speculative trading purposes.
2 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.