3 unchanged sentences
Actual results could differ materially from those projected in these forward-looking statements.
−Removed: Interest Rate Risk.
−Removed: To manage the volatility related to the exposure to changes in interest rates, we have historically entered into a derivative financial instrument, specifically an interest rate swap.
−Removed: Our objective has been to reduce, where it is deemed appropriate to do so, fluctuations in earnings and cash flows associated with changes in interest rates.
−Removed: Our policies and practices are to use derivative financial instruments only to the extent necessary to manage exposures.
−Removed: We do not hold or issue derivative financial instruments for trading or speculative purposes.
−Removed: In March 2023, we disposed of our interest rate swap by selling the remaining notional value totaling $340 million back to
−Removed: our counterparty.
−Removed: We received $19.2 million from our counterparty, consisting of $0.8 million of interest and $18.4 million for
−Removed: the sale and we recognized a gain from Accumulated other comprehensive income of $7.3 million to Other expense, net in
−Removed: our consolidated statement of operations.
−Removed: Amounts remaining in Accumulated other comprehensive income related to our derivative totaled $12.0 million and are being amortized to interest expense over the remaining term of our variable-rate debt on a straight-line basis.
At December 31, 2024, we had outstanding debt totaling $348.3 million.
A hypothetical movement of plus or minus 50 basis points in the interest rate of our outstanding debt would have changed our interest expense by approximately $2 million for the year ended December 31, 2024.
−Removed: Foreign Currency Exchange Risk.
As a global company operating in more than 30 countries, a significant portion of our revenues and expenses are denominated in currencies other than the U.S.
7 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.