5 unchanged sentences
We do not hold or issue derivative financial instruments for trading or speculative purposes.
−Removed: Amounts reported in accumulated other comprehensive (loss) income related to our derivative will be reclassified to interest expense as interest is accrued on our variable-rate debt.
−Removed: Our derivative had a fair value of $10.9 million at December 31, 2020, consisting of $3.1 million included in Accrued expenses and other and $7.8 million included in Other long-term liabilities on our consolidated balance sheet.
+Added: Amounts reported in accumulated other comprehensive income (loss) related to our derivative are reclassified to interest expense as interest is accrued on our variable-rate debt.
+Added: Our derivative had a fair value of $1.8 million at December 31, 2021, comprised of $2.1 million included in Accrued expenses and other and $3.9 million included in Other assets on our consolidated balance sheet.
Based upon projected forward rates, we estimate as of December 31, 2021 that $2.1 million may be reclassified as an increase to interest expense over the next twelve months.
−Removed: At December 31, 2020, we had outstanding debt totaling approximately $393.1 million.
+Added: At December 31, 2021, we had outstanding debt totaling $375.5 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, 2021.
−Removed: Based on a hypothetical 10% adverse movement in all foreign currency exchange rates, our revenue for the year ended December 31, 2020 would have been adversely affected by approximately $22 million and our net income for the year ended December 31, 2020 would have been adversely affected by approximately $7 million, although the actual effects may differ materially from this hypothetical analysis.
+Added: Based on a hypothetical 10% adverse movement in all foreign currency exchange rates, our revenue and net loss for the year ended December 31, 2021 would have been adversely affected by approximately $25 million and $11 million, respectively, although the actual effects could differ materially from this hypothetical analysis.
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.