1 unchanged sentence
The following discusses our exposure to market risk related to changes in interest rates and foreign currency exchange rates.
−Removed: We do not currently own any equity investments, nor do we expect to own any in the foreseeable future.
+Added: We do not currently own any equity investments, nor do we expect to own any in the foreseeable
This discussion contains forward-looking statements that are subject to risks and uncertainties.
1 unchanged sentence
Interest Rate Risk.
−Removed: As of March 31, 2024 , we had cash, cash equivalents and short-term investments of $122.9 million.
+Added: As of June 30, 2024 , we had cash, cash equivalents and short-term investments of $117.9 million.
Cash and cash equivalents consisted of cash and highly liquid money market instruments and short-term investments consisted of U.S.
1 unchanged sentence
We would not expect our operating results or cash flows to be affected to any significant degree by the effect of a sudden change in market interest on our portfolio.
−Removed: A hypothetical increase in market interest rates of 100 basis points from the market rates in effect as of March 31, 2024 , would cause the fair value of these investments to decrease by an immaterial amount which would not have significantly impacted our financial position or results of operations.
−Removed: As of March 31, 2024, and periodically throughout the year, we have maintained cash balances in various operating accounts in excess of federally insured limits.
+Added: A hypothetical increase in market interest rates of 100 basis points from the market rates in effect as of June 30, 2024 , would cause the fair value of these investments to decrease by an immaterial amount which would not have significantly impacted our financial position or results of operations.
+Added: As of June 30, 2024, and periodically throughout the year, we have maintained cash balances in various operating accounts in excess of federally insured limits.
We limit the amount of credit exposure to any financial institution by evaluating the creditworthiness of the financial institutions with which we invest and investing through more than one financial institution.
7 unchanged sentences
The change in fair value of these contracts is recorded in earnings as a component of other income (expense), net and offsets the change in fair value of foreign currency denominated monetary assets and liabilities, which is also recorded in other income (expense), net.
−Removed: As of March 31, 2024, we had no outstanding forward contracts.
+Added: As of June 30, 2024, we had no outstanding forward contracts.
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.