7 unchanged sentences
For the year ended December 31, 2023, such contracts accounted for 6.2% of our total utility costs.
−Removed: As of December 31, 2022, we had active electricity purchase agreements with fixed contract rates for locations in Illinois and Texas, which expire at various dates through May 2025.
+Added: As of December 31, 2023, we had active electricity purchase agreements with fixed contract rates for locations in Illinois, New York and Texas, which expire at various dates through May 2025.
Foreign Exchange Risk
−Removed: Foreign currency translation risk is the risk that exchange rate gains or losses arise from translating our Canadian business’ statements of earnings and statements of financial position from functional currency to our reporting currency (the U.S.
+Added: Foreign currency translation risk is the risk that exchange rate gains or losses arise from translating our Canadian business’s statements of earnings and statements of financial position from functional currency to our reporting currency (the U.S.
Dollar) for consolidation purposes.
2 unchanged sentences
As of December 31, 2023, we have $6.1 million of unrecognized foreign currency translation losses included within Accumulated other comprehensive loss on our Consolidated Statement of Financial Position.
+Added: All unrecognized foreign currency losses will be included within the gain or loss recorded upon consummation of the Transaction.
+Added: (See Item 8., Note 12.
+Added: Acquisitions and Dispositions :
+Added: Disposition :
+Added: Canadian Business to the Consolidated Financial Statements.)
Substantially all of our transactions at our Canadian subsidiary are denominated in their local functional currency, thereby reducing our risk of foreign currency transaction gains or losses.
6 unchanged sentences
An increase or decrease of 1/4% in our interest rate on the AR Facility will change our annualized interest expense by approximately $0.2 million.
+Added: In January 2024, we made a repayment of $10.0 million under the AR Facility.
We are not currently using derivatives or other financial instruments to mitigate interest rate risk, although we may do so in the future.
1 unchanged sentence
We perform credit evaluations on our customers and agencies and believe that the allowances for credit losses are adequate.
−Removed: We experienced an increase in credit losses during the COVID-19 pandemic and accordingly, we recorded additional provisions for doubtful accounts in prior years.
−Removed: Provisions for doubtful accounts have increased in 2022 compared to prior years, driven by increased business activity and therefore, we expect provisions for doubtful accounts to continue to increase in 2023.
We do not currently use derivatives or other financial instruments to mitigate credit risk.
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.