5 unchanged sentences
Foreign Currency Exchange Risk
−Removed: Approximately 50.7% and 52.3% of our revenues for the nine months ended September 30, 2020 and 2019, respectively, were earned in non‑U.S.
+Added: Approximately 54.9% and 37.3% of our revenues for the three month ended March 31, 2021 and 2020, respectively, were earned in non‑U.S.
Dollar denominated currencies, principally the Euro.
3 unchanged sentences
Our consolidated results of operations and cash flows are, therefore, subject to fluctuations due to changes in foreign currency exchange rates and may be adversely affected in the future due to changes in foreign exchange rates.
−Removed: A hypothetical 10% change in foreign currency exchange rates during the nine months ended September 30, 2020, between the Euro and the U.S.
−Removed: Dollar would increase or decrease our net income by $52.2 million for the nine months ended September 30, 2020.
−Removed: A hypothetical 10% change in foreign currency exchange rates during the nine months ended September 30, 2020, between the New Israeli Shekel and the U.S.
−Removed: Dollar would increase or decrease our net income by $12.4 million for the nine months ended September 30, 2020.
−Removed: A hypothetical 10% change in foreign currency exchange rates during the nine months ended September 30, 2020, between the Korean Won and the U.S.
−Removed: Dollar would increase or decrease our net income by $10.4 million for the nine months ended September 30, 2020.
+Added: A hypothetical 10% change in foreign currency exchange rates during the three month ended March 31, 2021, between the Euro and the U.S.
+Added: Dollar would increase or decrease our net income by $14.1 million for the three months ended March 31, 2021.
+Added: A hypothetical 10% change in foreign currency exchange rates during the three month ended March 31, 2021 between the New Israeli Shekel and the U.S.
+Added: Dollar would increase or decrease our net income by $4.5 million for the three month ended March 31, 2021.A hypothetical 10% change in foreign currency exchange rates during the three month ended March 31, 2021, between the Korean Won and the U.S.
+Added: Dollar would increase or decrease our net income by $12.8 million for the three month ended March 31, 2021.
For purposes of our consolidated financial statements, local currency assets and liabilities are translated at the rate of exchange to the U.S.
1 unchanged sentence
Dollar during the reporting period.
−Removed: To date, we have used derivative financial instruments, specifically foreign currency forward contracts, to manage exposure to foreign currency risks by hedging portions of the anticipated payroll payments denominated in New Israeli Shekels (“NIS”).
+Added: To date, we have used derivative financial instruments, specifically foreign currency forward to manage exposure to foreign currency risks by hedging portions of the anticipated payroll payments denominated in New Israeli Shekels (“NIS”).
Our foreign currency forward contracts are expected to mitigate exchange rate changes related to the hedged assets.
1 unchanged sentence
In addition, we also entered into derivative instrument arrangements to hedge the Company’s exposure to currencies other than the U.S.
−Removed: dollar, mainly put and call options to sell Euro for U.S.
−Removed: dollars, put and call options to sell U.S.
−Removed: dollars for South Korean Won (“KRW”) and forward contracts to sell Australian dollars (“AUD”) for U.S.
+Added: dollar, mainly forward contracts and put and call options to sell Euro for U.S.
+Added: dollars, forward contracts and put and call options to sell Australian dollars (“AUD”) for U.S.
+Added: dollars and forward contracts to sell U.S.
+Added: dollars for South Korean Won (“KRW”).
These derivative instruments are not designated as cash flow hedges.
1 unchanged sentence
Our trade accounts receivables potentially expose us to a concentration of credit risk with our major customers.
−Removed: As of September 30, 2020, one customer accounted for approximately 10.6% of our consolidated trade receivables, net balance.
+Added: As of March 31, 2021, one customer accounted for approximately 16.0% of our consolidated trade receivables, net balance.
We currently do not foresee a credit risk associated with these receivables other than the amount included in our financial statements.
−Removed: Credit risk as well as associated risks of defaults on payments and other bad debts could increase as a result of the impact of the economic downturn caused by COVID-19 on our customers.
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.