17 unchanged sentences
Refer to ITEM 8, Note 9 of the Notes to Consolidated Financial Statements for additional information regarding our interest rate swaps and collars.
−Removed: A 100 basis point fluctuation in interest rates associated with our variable-rate debt as of December 31, 2023, inclusive of our interest rate swaps and collars, would result in an increase of approximately $7 million or decrease of approximately $8 million in interest incurred.
+Added: A 100 basis point fluctuation in interest rates associated with our variable-rate debt as of December 31, 2024, inclusive of our interest rate swaps and collars, would result in an approximately $5 million increase or decrease in interest incurred.
Foreign currency risk
2 unchanged sentences
The functional currencies of our foreign operating locations are generally the local currency in the country of domicile.
−Removed: We manage these operating activities at the local level and revenues, costs, assets and liabilities are generally denominated in local currencies, thereby mitigating the risk associated with changes in foreign exchange.
+Added: We manage these operating activities at the local level and revenues, costs, assets and liabilities are generally denominated in local currencies, thereby mitigating the risk associated with changes in foreign currency exchange.
However, our results of operations and assets and liabilities are reported in U.S.
2 unchanged sentences
As the majority of our foreign currency contracts have an original maturity date of less than one year, there is no material foreign currency risk.
−Removed: At December 31, 2023, we had outstanding foreign currency derivative contracts with gross notional U.S.
−Removed: dollar equivalent amounts of $23.9 million.
+Added: At December 31, 2024, there were no outstanding foreign currency derivative contracts.
Changes in the fair value of all derivatives are recognized immediately in income unless the derivative qualifies as a hedge of future cash flows.
9 unchanged sentences
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.