2 unchanged sentences
Debt Instruments:
−Removed: At December 31, 2020, the Company’s debt obligations consisted of amounts outstanding under its Credit Agreement and Senior Notes.
−Removed: The Senior Notes bear a fixed 7.50% interest rate.
−Removed: The Credit Agreement bears interest at variable rates based upon the Euro rate, U.S.
−Removed: bank prime rate and U.S.
−Removed: base rate, at the Company’s option.
+Added: At December 31, 2021, the Company’s debt obligations consisted of amounts outstanding under its revolving credit agreement and the 5.625% Notes.
+Added: The 5.625% Notes bear a fixed 5.625% interest rate.
+Added: The revolving credit agreement bears interest at variable rates based upon the U.S.
+Added: bank prime rate, U.S.
+Added: base rate, LIBOR or its replacement SOFR, EURIBOR, and SONIA depending on the duration of the borrowing product.
The Company’s ability to obtain the required bank syndication commitments depends in part on conditions in the bank market at the time of syndication.
−Removed: Given that there were no borrowings under the Credit Agreement as of December 31, 2020, a 1.0% increase or decrease in the weighted average interest rate, which was 2.94% at December 31, 2020, would have no interest rate impact.
+Added: Given that there were $110.2 million in borrowings under the revolving credit agreement, as of December 31, 2021, a 1.0% increase or decrease in the weighted average interest rate, which was 0.88% at December 31, 2021, would have had an interest impact of approximately $0.4 million.
Foreign Exchange:
4 unchanged sentences
dollar of the revenue and expenses of its non-U.S.
−Removed: The effects of currency exchange rate fluctuations on the translation of the Company’s results of operations are discussed in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and in Note 2 of this Annual Report on Form 10-K for the year ended December 31, 2020.
+Added: The effects of currency exchange rate fluctuations on the translation of the Company’s results of operations are discussed in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and in Note 2 of the Notes included herein.
For the most part, revenues and expenses incurred related to the non-U.S.
2 unchanged sentences
Translation of intercompany debt, which is not intended to be repaid, is included in cumulative translation adjustments.
−Removed: Translation of current intercompany balances are included in net earnings (loss).
+Added: Translation of current intercompany balances are included in net income (loss).
The Company generally does not enter into foreign currency forward exchange contracts or other derivative financial instruments to hedge the effects of adverse fluctuations in foreign currency exchange rates.
−Removed: The Company is exposed to foreign currency fluctuations relating to its intercompany balances between the U.S.
−Removed: For every one cent change in the foreign exchange rate between the U.S.
−Removed: and Canada, the impact to the Company’s financial statements would be approximately $2.0 million.
Impairment Risk:
−Removed: At December 31, 2020, the Company had goodwill of $668.2 million and other intangible assets of $33.8 million.
+Added: At December 31, 2021, the Company did not have any impairment of goodwill.
The Company reviews goodwill for impairment annually as of October 1st of each year or more frequently if indicators of potential impairment exist.
−Removed: See the Critical Accounting Policies and Estimates section above and Note 8 of the Notes to the Consolidated Financial Statements for further information.
+Added: See the Significant Accounting Policies in Note 2 of the Notes included herein for information related to impairment testing and the risk of potential impairment charges in future periods.
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.