1 unchanged sentence
Foreign Currency Sensitivity
−Removed: Our inventory purchases from Bolloré are denominated in euros.
+Added: Our inventory purchases from RTI are denominated in euros.
Accordingly, we have exposure to potentially adverse movements in the euro exchange rate.
−Removed: In addition, Bolloré provides a contractual hedge against catastrophic currency fluctuation in our agreement.
+Added: In addition, RTI provides a contractual hedge against catastrophic currency fluctuation in our agreement.
We do not use derivative financial instruments for speculative trading purposes, nor do we hedge our foreign currency exposure in a manner that offsets the effects of changes in foreign exchange rates.
We regularly review our foreign currency risk and hedging programs and may as part of that review determine at any time to change our hedging policy.
−Removed: During 2019 we did not execute any forward contracts.
−Removed: At December 31, 2019, we had no forward contracts.
+Added: During 2020 , we executed various forward contracts for the purchase of €19.7 million and sale of €21.4 million with maturity dates ranging from December 2020 to November 2021.
+Added: At December 31, 2020, we had forward contracts for the purchase of €18.0 million and sale of €19.6 million.
A 10% change in the euro to U.S.
10 unchanged sentences
We have exposure to interest rate volatility principally relating to interest rate changes applicable to loans under our 2018 Credit Facility.
−Removed: As of December 31, 2019, all of our debt with the exception of the IVG Note Payable and Convertible Senior Notes bears interest at variable rates.
+Added: As of December 31, 2020, our 2018 Credit Facility bears interest at variable rates.
However, the Company had swap contracts for a total notional amount of $70 million at December 31, 2020.
3 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.