QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
−Removed: Market risk represents the risk of loss from adverse changes in financial market prices and rates.
+Added: Market risk is the risk of loss from adverse changes in financial market prices and rates.
Foreign currency exposure
Translation risk
−Removed: Our foreign operations’ operating expenses are primarily denominated in foreign currencies.
+Added: Our international operations’ operating expenses are primarily denominated in foreign currencies.
However, our international sales are also primarily denominated in foreign currencies, which partially offsets our foreign currency exposure.
1 unchanged sentence
dollar against other currencies would have resulted in:
−Removed: Six Months Ended
+Added: Nine Months Ended
+Added: September 30,
(Decrease) increase in revenue (4) % (4) %
−Removed: (Decrease) increase in net income (1) % (15) %
+Added: (Decrease) increase in net (loss) (9) % (13) %
Remeasurement risk
−Removed: We experience fluctuations in transaction gains and losses from the remeasurement of monetary assets and liabilities denominated in currencies other than the functional currency of the entities in which they are recorded.
+Added: We experience transaction gains and losses from the remeasurement of monetary assets and liabilities denominated in currencies other than the functional currency of the entities in which they are recorded.
We are primarily exposed to changes in foreign currency exchange rates associated with the Australian dollar, Euro, and U.S.
−Removed: dollar-denominated cash and cash equivalents, receivables, and intercompany receivables and payables held by our U.K.
+Added: dollar-denominated cash, cash equivalents, receivables, and intercompany balances held by our U.K.
subsidiary, a British pound functional entity.
1 unchanged sentence
dollar would have resulted in the following impact:
−Removed: Six Months Ended
+Added: Nine Months Ended
+Added: September 30,
(in thousands) 2021 2020
1 unchanged sentence
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.