8 unchanged sentences
A hypothetical 100 basis-point (one percentage point) increase or decrease in interest rates compared to rates on December 31, 2024 would have affected the fair value of our investment portfolio by approximately $2.1 million.
−Removed: The 2030 Notes were recorded at fair value as of the closing date of the Exchange Transaction, less debt issuance costs, on our consolidated balance sheets.
−Removed: We carry our remaining 2028 Notes at the principal amount, less unamortized debt issuance costs, on our consolidated balance sheets.
+Added: The carrying value of the 2029 Notes were recorded at the undiscounted cash flow amount on our consolidated balance sheets.
+Added: The 2030 Notes were recorded at fair value as of the closing date of the related exchange transaction, less debt issuance costs, on our consolidated balance sheets.
Because the 2029 Notes and 2030 Notes have fixed annual interest rates of 1.50% and 1.375%, respectively, we do not have any economic interest rate exposure or financial statement risk associated with changes in interest rates.
The fair value of the Notes, however, may fluctuate when interest rates and the market price of our stock changes.
−Removed: Convertible Senior Notes in Part II, Item 8 of this Annual Form 10-K for additional information.
+Added: Convertible Senior Notes in Part II, Item 8 of this Annual Report on Form 10-K for additional information.
Foreign Exchange Risk
9 unchanged sentences
Our international operations are subject to risks typical of international operations, including, but not limited to, differing economic conditions, changes in political climate, differing tax structures, other regulations and restrictions, and foreign exchange rate volatility.
+Added: Fiscal 2024 Form 10-K
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.