6 unchanged sentences
Except for the Company’s subsidiaries in Argentina, Brazil, China and Colombia, foreign currency exposures are substantially hedged by forward contracts.
−Removed: The fair value of all forward contracts as of December 31, 2020, was a net liability of $0.2 million.
+Added: The fair value of all forward contracts as of December 31, 2021, was a net asset of $0.1 million.
As of December 31, 2021, the potential reduction in the Company’s earnings resulting from the impact of hypothetical adverse changes in exchange rates on the fair value of its outstanding foreign currency contracts of 10 percent for all currencies would have been $4.3 million.
Interest Rates
−Removed: The Company’s debt was comprised entirely of fixed-rate borrowings totaling $199.3 million as of December 31, 2020.
+Added: The Company’s debt was comprised entirely of fixed-rate borrowings totaling $360.7 million and foreign subsidiaries $2.9 million of unsecured debt as of December 31, 2021.
A hypothetical 10 percent average change to short-term interest rates would result in less than a $0.1 million increase or decrease to interest expense for 2022.
11 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.