7 unchanged sentences
As of December 31, 2022, a 1% increase or decrease in interest rates would not have a material impact on our future earnings, fair values, or cash flows related to investments in cash equivalents or interest earning marketable securities.
−Removed: At December 31, 2021, we had $141.6 million outstanding on our Revolving Credit Facility.
−Removed: Borrowings under the Revolving Credit Facility bear interest at a per annum rate equal to LIBOR or a base rate, plus a margin ranging from 1.50% to
−Removed: 2.00% depending on our leverage ratio.
−Removed: An unused commitment fee ranging from 0.20% to 0.30% per annum, depending on our leverage ratio, accrues on unused amounts.
+Added: At December 31, 2022, we had $101.4 million outstanding under our Amended Credit Facility.
+Added: Borrowings under the Amended Credit Facility bear interest at LIBOR or a base rate, plus a margin ranging from 1.50% to 2.00% depending on our leverage ratio.
+Added: An unused commitment fee ranging from 0.20% to 0.30%, depending on our leverage ratio, accrues on unused amounts under the Amended Credit Facility.
An increase in LIBOR would affect interest expense on any outstanding balance of the Revolving Credit Facility.
6 unchanged sentences
The functional currency of each of our foreign subsidiaries is the currency of the economic environment in which the subsidiary primarily does business.
−Removed: Revenues denominated in currencies other than the USD, resulting from our acquisition of ANZ on November 3, 2020, accounted for 22.1% of our consolidated revenues for the year ended December 31, 2021.
+Added: Revenues denominated in currencies other than the USD accounted for 21.7% of our consolidated revenues for the year ended December 31, 2022.
We therefore have foreign currency risk related to these currencies, which is primarily the Australian dollar.
4 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.