6 unchanged sentences
As such, beginning July 1, 2018, the functional currency for the Company’s Argentina subsidiary became the U.S.
−Removed: The remeasurement impact to the three and nine-month periods ended September 30, 2020 continues to be immaterial and is included in the Company’s consolidated financial statements.
−Removed: The Company does not hold derivatives for trading or speculative purposes.
+Added: Revenue from operations in Argentina represented less than 1% of total consolidated net sales for both three-month periods ended March 31, 2021 and 2020.
+Added: As of March 31, 2021, the Company had $.1 million in net foreign currency forward exchange contracts outstanding.
+Added: 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.
1 unchanged sentence
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 long-term borrowings, which includes the current portion, of $52.4 million at September 30, 2020.
−Removed: A 100 basis point increase in the interest rate would have resulted in an increase in interest expense of approximately $.7 million for the nine months ended September 30, 2020.
−Removed: As discussed elsewhere in this report, the recent outbreak of COVID-19 could negatively impact the Company’s business and results of operations.
+Added: The Company is subject to interest rate risk on its variable rate revolving credit facilities and term notes, which consisted of long-term borrowings, which includes the current portion, of $46.4 million at March 31, 2021.
+Added: A 100 basis point increase in the interest rate would have resulted in an increase in interest expense of approximately $.6 million for the three months ended March 31, 2021.
+Added: As discussed elsewhere in this report, the outbreak of COVID-19 could negatively impact the Company’s business and results of operations.
Since we cannot predict the duration or scope of the COVID-19 pandemic, the potential negative financial impact to the Company’s results cannot be reasonably estimated but could be material.
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.