6 unchanged sentences
As such, beginning July 1, 2018, the functional currency for the Company’s Argentina subsidiary became the U.S.
−Removed: Revenue from operations in Argentina represented less than 1% of total consolidated net sales for the three-month periods ended March 31, 2023 and 2022.
−Removed: As of March 31, 2023, the Company had $0.6 million in assets related to foreign currency forward exchange contracts outstanding.
+Added: Revenue from operations in Argentina represented less than 1% of total consolidated net sales for the six-month periods ended June 30, 2023 and 2022.
+Added: As of June 30, 2023, the Company had $0.2 million in assets related to foreign currency forward exchange contracts outstanding.
The Company does not hold derivatives for trading purposes.
The Company’s primary currency rate exposures are related to foreign denominated debt, intercompany debt, foreign denominated receivables and payables and cash and short-term investments.
−Removed: A hypothetical 10% change in currency rates would have an impact on fair values on such instruments of $6.7 million and a $0.1 million impact on income before income taxes at March 31, 2023.
+Added: A hypothetical 10% change in currency rates would have an impact on fair values on such instruments of $6.5 million and a $2.0 million impact on income before income taxes at June 30, 2023.
The Company is exposed to market risk, including changes in interest rates and foreign exchange rates since we conduct business in a variety of foreign currencies.
−Removed: The Company is subject to interest rate risk on its variable rate revolving credit facilities and term notes, which consisted of current and long-term borrowings of $85.2 million at March 31, 2023.
−Removed: A 100-basis point increase in the interest rate would have resulted in an increase in interest expense of approximately $0.9 million for the three months ended March 31, 2023.
+Added: The Company is subject to interest rate risk on its variable rate revolving credit facilities, which consisted of long-term borrowings of $55.1 million at June 30, 2023.
+Added: A 100-basis point increase in the interest rate would have resulted in an increase in interest expense of approximately $0.3 million for the six months ended June 30, 2023.
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.