Quantitative and Qualitative Disclosures About Market Risk
−Removed: The following sections provide quantitative information on our exposure to interest rate risk and foreign currency exchange risk.
+Added: The following section provides quantitative information on our exposure to interest rate risk.
We make use of sensitivity analyses that are inherently limited in estimating actual losses in fair value that can occur from changes in market conditions.
Interest rate risk
−Removed: We had cash, cash equivalents and short-term investments of $100.1 million and $75.1 million as of December 31, 2020 and 2019, respectively.
−Removed: Our cash and cash equivalents and short-term investments consist of cash, money market funds, United States government debt securities, and certificates of deposit.
+Added: We had cash, cash equivalents and short-term and long-term investments of $163.7 million and $100.1 million as of December 31, 2021 and 2020, respectively.
+Added: Our cash and cash equivalents and short-term and long-term investments consist of cash, money market funds, United States government debt securities, and certificates of deposit.
The primary objectives of our investment activities are to preserve principal, maintain liquidity, and maximize income without significantly increasing risk.
1 unchanged sentence
We believe that a hypothetical 100 basis point increase in interest rates would not materially affect the fair value of our interest-sensitive financial instruments and any such losses would only be realized if we sold the investments prior to maturity.
−Removed: Foreign currency exchange risk
−Removed: We have international subsidiaries in Belgium and Germany.
−Removed: These subsidiaries' assets, liabilities, and current revenues and expenses are denominated in their respective foreign currency.
−Removed: We do not hedge our foreign currency exchange rate risk.
−Removed: The effect of a hypothetical 10 percent change in foreign currency exchange rates applicable to our business would not have a material impact on our consolidated financial statements.
Financial Statements and Supplementary Data
−Removed: The information required by this Item 8 is contained on pages F-1 through F-61 of this Annual Report and is incorporated herein by reference.
+Added: The information required by this Item 8 is contained on pages F-1 through F-53 of this Annual Report.
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
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.