6 unchanged sentences
As of June 30, 2021, an adverse change of one percent on the interest rate would have the effect of increasing our annual interest payment on Term Loan B by approximately $9.7 million, assuming that the loan balance as of June 30, 2021 is outstanding for the entire period (June 30, 2020—$9.8 million).
−Removed: As of June 30, 2020 , we had an outstanding balance of $600.0 million on the Revolver.
+Added: As of June 30, 2021, we had no outstanding balance under the Revolver.
Borrowings under the Revolver bear interest per annum at a floating rate of LIBOR plus a fixed rate that is dependent on our consolidated net leverage ratio ranging from 1.25% to 1.75%.
−Removed: As of June 30, 2020 , an adverse change of one percent on the interest rate would have the effect of increasing our annual interest payment on the Revolver by approximately $6.0 million , assuming that the full balance as of June 30, 2020 is outstanding for the entire period ( June 30, 2019 — nil ).
+Added: As of June 30, 2021, with no outstanding balance on the Revolver, an adverse change of one percent on the interest rate would have no effect on our annual interest payment (June 30, 2020—$6.0 million).
For more information regarding the impact of LIBOR, see "Stress in the global financial system may adversely affect our finances and operations in ways that may be hard to predict or to defend against" included within Part I, Item 1A of this Annual Report on Form 10-K.
4 unchanged sentences
We expect that we will continue to realize gains or losses with respect to our foreign currency exposures.
−Removed: Our ultimate realized gain or loss with respect to foreign currency exposures will generally depend on the size and type of cross-currency transactions that we enter into, the currency exchange rates associated with these exposures and changes in those rates.
+Added: Our ultimate realized gain or loss with respect to foreign currency exposures will generally depend on the
+Added: size and type of cross-currency transactions that we enter into, the currency exchange rates associated with these exposures and changes in those rates.
Additionally, we have hedged certain of our Canadian dollar foreign currency exposures relating to our payroll expenses in Canada.
5 unchanged sentences
In particular, the amount of cash and cash equivalents that we report in U.S.
−Removed: dollars for a significant portion of the cash held by these subsidiaries is subject to translation variance caused by changes in foreign currency exchange rates as of the end of each respective reporting period (the offset to which is recorded to accumulated other comprehensive income (AOCI) on our Consolidated Balance Sheets ).
+Added: dollars for a significant portion of the cash held by these subsidiaries is subject to translation variance caused by changes in foreign currency exchange rates as of the end of each respective reporting period (the offset to which is recorded to accumulated other comprehensive income on our Consolidated Balance Sheets).
The following table shows our cash and cash equivalents denominated in certain major foreign currencies as of June 30, 2021 (equivalent in U.S.
−Removed: (In thousands)
+Added: (In thousands) U.S.
Equivalent at
−Removed: June 30, 2020
+Added: June 30, 2021 U.S.
Equivalent at
June 30, 2020
+Added: Euro $ 331,974 $ 229,579
British Pound 78,140 64,865
Canadian Dollar 26,632 20,311
+Added: Swiss Franc 44,900 43,365
Other foreign currencies 128,879 93,292
Total cash and cash equivalents denominated in foreign currencies 610,525 451,412
+Added: Dollar 996,781 1,241,438
Total cash and cash equivalents $ 1,607,306 $ 1,692,850
7 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.