3 unchanged sentences
As a result, our financial results are unlikely to be affected by factors such as changes in foreign currency, exchange rates or weak economic conditions in foreign markets.
−Removed: We are exposed to foreign exchange risk with respect to revenues and expenses denominated in the Euro, Canadian Dollar and Hungarian Forint.
−Removed: We have Artificial Intelligence operations in the Netherlands and maintain research and development centers in Canada and Hungary.
+Added: We are exposed to foreign exchange risk with respect to revenues and expenses denominated in the Euro, Canadian Dollar and Hungarian Forint and Pound Sterling.
+Added: We have Artificial Intelligence operations in the Netherlands, radiology services in the United Kingdom, and maintain research and development centers in Canada and Hungary.
At the present time, we do not have any foreign currency exchange contracts to mitigate this risk.
−Removed: At September 30, 2022, a hypothetical 1% decline in the currency exchange rates between the U.S.
+Added: At March 31, 2023, a hypothetical 1% decline in the currency exchange rates between the U.S.
dollar against these currencies, would have resulted in an annual increase of approximately $0.3 million in operating expenses.
5 unchanged sentences
Accordingly, our interest expense and consequently, our earnings, are affected by changes in short term interest rates.
−Removed: However due to our purchase of certain swap agreements described below, the effects of interest rate changes are limited.
−Removed: We can elect Eurodollar or Base Rate (Prime) interest rate options on amounts outstanding under the First Lien Term Loans.
−Removed: At September 30, 2022, we had $715.9 million outstanding subject to a Eurodollar election on First Lien Term Loans and our effective 3 month LIBOR rate plus applicable margin was 5.49%.
−Removed: A hypothetical 1% increase in the adjusted Eurodollar rates under the Restated Credit Agreement over the current Eurodollar rate would result in an increase of $7.2 million in annual interest expense and a corresponding decrease in income before taxes.
−Removed: At September 30, 2022, we had no loan amount principal outstanding subject to an alternate base rate election on First Lien Term Loans.
−Removed: At September 30, 2022, we had $42.0 million outstanding subject to an adjusted Eurodollar election on the SunTrust Restated Credit Agreement.
−Removed: We can elect Eurodollar or Base Rate (Prime) interest rate options on amounts outstanding under the SunTrust Restated Credit Agreement.
−Removed: At September 30, 2022, our effective LIBOR rate plus applicable margin was 4.38%.
−Removed: A hypothetical 1% increase in the adjusted Eurodollar rates under the SunTrust Restated Credit Agreement would result in an increase of approximately $0.4 million in annual interest expense and a corresponding decrease in income before taxes.
+Added: However due to our purchase of caps, described below, the effects of interest rate changes are limited.
+Added: We can elect SOFR or Alternative Base Rate interest options on amounts outstanding under the First Lien Term Loans.
+Added: At March 31, 2023, we had $712.3 million outstanding subject to a SOFR election on First Lien Term Loans and our effective rate plus applicable margin was 7.92%.
+Added: A hypothetical 1% increase in the adjusted Eurodollar rates under the Restated Credit Agreement over the current SOFR rate would result in an increase of $2.1 million in annual interest expense and a corresponding decrease in income before taxes, as interest rates are above arranged rates on our 2019 Swaps.
+Added: At March 31, 2023, we had $148.1 million outstanding subject to an adjusted SOFR election on the Truist Restated Credit and Agreement.
+Added: We can elect SOFR or Base Rate interest rate options on amounts outstanding under the Truist Restated Credit and Term Loan Agreement.
+Added: At March 31, 2023, our effective SOFR rate plus applicable margin was 6.79%.
+Added: hypothetical 1% increase in the adjusted Eurodollar rates under the Truist Restated Credit Agreement would result in an increase of approximately $1.5 million in annual interest expense and a corresponding decrease in income before taxes.
In the second quarter of 2019, we entered into four forward interest rate agreements ("2019 Swaps").
5 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.