12 unchanged sentences
To provide a meaningful assessment of the interest rate risk associated with our investment portfolio, we performed a sensitivity analysis to determine the impact a change in interest rates would have on the value of the investment portfolio assuming a 100 basis point parallel shift in the yield curve.
−Removed: Based on investment positions as of December 31, 2022, a hypothetical 100 basis point increase in interest rates across all maturities would result in a $5.1 million increase in the fair market value of the portfolio.
+Added: Based on investment positions as of December 31, 2023, a hypothetical 100 basis point increase in interest rates across all maturities would result in approximately $5 million increase in the fair market value of the portfolio.
Our debt obligations related to the Notes are long-term in nature with fixed interest rates.
2 unchanged sentences
Due to our international operations, we have foreign currency risks related to revenue and operating expenses denominated in currencies other than the U.S.
−Removed: dollar, primarily the China Renminbi, British pound, EU Euro, and Australian dollar.
+Added: dollar, primarily the China Renminbi, British pound sterling, Euro, and Australian dollar.
Our international sales contracts are primarily denominated in the local currency of the customer making the purchase.
2 unchanged sentences
dollar to other currencies (e.g., unfavorable movement in the exchange rate between the U.S.
−Removed: dollar and the currencies in which we conduct sales in foreign countries) will
−Removed: negatively affect our revenue and net operating results as expressed in U.S.
+Added: dollar and the currencies in which we conduct sales in foreign countries) will negatively affect our revenue and net operating results as expressed in U.S.
For the purpose of analyzing foreign currency exchange risk, we considered the historical trends in foreign currency exchange rates and determined that it was reasonably possible that adverse changes in exchange rates of 10% could be experienced.
−Removed: If an adverse 10% foreign currency exchange rate change was applied to total monetary assets, liabilities, and commitments denominated in currencies other than the functional currencies at the balance sheet date, it would have resulted in an adverse effect on income before income taxes of approximately $3.5 million and $0.1 million as of December 31, 2022 and 2021, respectively.
+Added: If an adverse 10% foreign currency exchange rate change was applied to total monetary assets, liabilities, and commitments denominated in currencies other than the functional currencies at the balance sheet date, it would have resulted in an adverse effect on income before income taxes of approximately $8 million as of December 31, 2023.
We have experienced and may continue to experience fluctuations in net loss as a result of transaction gains or losses related to remeasuring certain current asset and current liability balances denominated in currencies other than the functional currency of the entities in which they are recorded.
10 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.