3 unchanged sentences
Accordingly, we have exposure to potentially adverse movements in the euro exchange rate.
−Removed: In addition, RTI provides a contractual
−Removed: hedge against catastrophic currency fluctuation in our agreement.
−Removed: 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
−Removed: foreign exchange rates.
+Added: In addition, RTI provides a contractual hedge
+Added: against catastrophic currency fluctuation in our agreement.
+Added: 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
+Added: 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 2021, we executed no
−Removed: forward contracts for the purchase of euros.
−Removed: At December 31, 2021, we had no forward contracts for the purchase of euros.
+Added: During 2022 , we executed
+Added: various foreign exchange contracts for the purchase of €28.9 million and sale of €28.9 million with maturity dates ranging from August 2022 to June 2023.
+Added: At December 31, 2022, we had foreign currency contracts for the purchase of €18.5 million and
+Added: sale of €18.5 million.
A 10% change in the euro to U.S.
−Removed: dollars exchange rate would change pre-tax
−Removed: income by approximately $1.7 million per year.
+Added: dollars exchange rate would change pre-tax income by approximately $2.1 million per year.
At December 31, 2022 and 2021, we had bank deposits, including MSA escrows, in excess of federally insured limits of approximately $105.2 million and $137.2 million, respectively.
−Removed: has chosen to invest a portion of the MSA escrows, from time to time, in U.S.
+Added: The Company has
+Added: chosen to invest a portion of the MSA escrows, from time to time, in U.S.
Government securities including Treasury notes and Treasury bonds.
8 unchanged sentences
In July 2019, we issued Convertible Senior Notes in an aggregate principal amount of $172.5
−Removed: $172.5 million.
We carry the Senior Secured Notes and Convertible Senior Notes at face value.
−Removed: Since the Senior Secured Notes and Convertible Senior Notes bear interest at a fixed rate, we have no financial statement risk associated with changes
−Removed: in interest rates.
−Removed: However, the fair value of the Convertible Senior Notes changes when the market price of our stock fluctuates, or interest rates change.
−Removed: Our remaining debt instruments bear interest at fixed rates and are not subject to
−Removed: interest rate volatility.
+Added: Since the Senior Secured Notes and Convertible Senior Notes bear interest at a fixed rate, we have no financial statement risk associated with changes in
+Added: interest rates.
+Added: However, the fair value of the Senior Secured Notes and Convertible Senior Notes change when the market price of our stock fluctuates, or interest rates change.
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.