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 both three-month periods ended March 31, 2021 and 2020.
−Removed: As of March 31, 2021, the Company had $.1 million in net foreign currency forward exchange contracts outstanding.
+Added: Revenue from operations in Argentina represented less than 1% of total consolidated net sales for both six-month periods ended June 30, 2021 and 2020.
+Added: As of June 30, 2021, the Company had $.2 million in net 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 a favorable/unfavorable impact on fair values on such instruments of $4.3 million and on income before taxes of $.2 million.
+Added: A hypothetical 10% change in currency rates would have a favorable/unfavorable impact on fair values on such instruments of $5.0 million and a $.6 million favorable/unfavorable impact on income before at June 30, 2021.
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 $46.4 million at March 31, 2021.
−Removed: 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: 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 $48.8 million at June 30, 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 six months ended June 30, 2021.
As discussed elsewhere in this report, the outbreak of COVID-19 could negatively impact the Company’s business and results of operations.
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.