7 unchanged sentences
However, local country operating costs, including the purchasing and processing costs for tobaccos, are subject to the effects of exchange fluctuations of the local currency against the USD.
−Removed: We attempt to minimize such currency risks by matching the timing of our working
−Removed: capital borrowing needs against the tobacco purchasing and processing funds requirements in the currency of the country where the tobacco is grown.
+Added: We attempt to minimize such currency risks by matching the timing of our working capital borrowing needs against the tobacco purchasing and processing funds requirements in the currency of the country where the tobacco is grown.
Also, in some cases, our sales pricing arrangements with our customers allow adjustments for the effect of currency exchange fluctuations on local purchasing and processing costs.
Fluctuations in the value of foreign currencies can significantly affect our operating results.
−Removed: In our cost of goods and services sold, we have recognized exchange (losses) gains of $(4.7) million, $4.0 million, and $(4.1) million for the fiscal years ended March 31, 2020, 2019, and 2018, respectively.
−Removed: We recognized exchange losses of $(1.2) million, $(1.6) million, and $(1.3) million related to tax balances in our tax expense for the fiscal years ended March 31, 2020, 2019, and 2018, respectively.
−Removed: In addition, foreign currency fluctuations in the Euro, (U.K.) Sterling and Canadian dollar can significantly impact the currency translation adjustment component of accumulated other comprehensive income.
−Removed: We recognized (losses) gains of $(0.5) million, $(9.3) million, and $9.6 million for the fiscal years ended March 31, 2020, 2019, and 2018, respectively, as a result of fluctuations in these currencies.
+Added: In our cost of goods and services sold, we have recognized exchange (losses) gains of $(1.8) million, $1.4 million, $(4.7) million, and $4.0 million for the seven months ended March 31, 2021, the five months ended August 31, 2020, and the fiscal years ended 2020 and 2019, respectively.
+Added: We recognized exchange losses of $(0.1) million, $(0.1) million, $(1.2) million, and $(1.6) million related to tax balances in our tax expense for the seven months ended March 31, 2021, the five months ended August 31, 2020, and the fiscal years ended 2020 and 2019, respectively.
+Added: In addition, foreign currency fluctuations in the Euro and (U.K.) Sterling can significantly impact the currency translation adjustment component of accumulated other comprehensive income.
+Added: We recognized (losses) gains of $(4.6) million, $4.4 million, ($0.5) million, and $(9.3) million for the seven months ended March 31, 2021, the five months ended August 31, 2020, and the fiscal years ended 2020 and 2019, respectively, as a result of fluctuations in these currencies.
Our consolidated SG&A expenses denominated in foreign currencies are subject to translation risks from currency exchange fluctuations.
−Removed: These foreign denominated expenses accounted for approximately 30.2% or $60.1 million of our total SG&A expenses for the year ended March 31, 2020.
−Removed: A 10% change in the value of the USD relative to those currencies would have caused the reported value of those expenses to increase or decrease by approximately $6.0 million.
+Added: These foreign denominated expenses accounted for approximately 28.3% or $31.1 million of our total SG&A expenses for the seven months ended March 31, 2021 and approximately 19.9% or $17.5 million of our total SG&A expenses for the five months ended August 31, 2020.
+Added: A 10% change in the value of the USD relative to those currencies would have caused the reported value of those expenses to increase or decrease by approximately $3.1 million and $1.8 million for the seven months ended March 31, 2021 and the five months ended August 31, 2020, respectively.
Interest rates
We manage our exposure to interest rate risk through the proportion of fixed rate and variable rate debt in our total debt portfolio.
−Removed: For the fiscal year ended March 31, 2020, a 1% change in variable interest rates would have increased or decreased our reported interest cost by approximately $5.5 million.
+Added: A 1% change in variable interest rates would have increased or decreased our reported interest cost by approximately $7.6 million and $3.7 million for the seven months ended March 31, 2021 and the five months ended August 31, 2020, respectively.
A substantial portion of our borrowings are denominated in USD and bear interest at commonly quoted rates.
1 unchanged sentence
Our seasonal foreign credit lines that contain interest rates benchmarked to LIBOR will include negotiated terms in consideration of this discontinuation for next season's financing.
+Added: See "Item 1A.
Risk Factors" for further information.
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.