12 unchanged sentences
We may borrow funds under the 2018 Credit Facility in U.S.
−Removed: Dollars, Euros or in certain other agreed currencies as described in Note 6 of Notes to the Consolidated Financial Statements.
−Removed: At the end of fiscal 2020, we had one £55.0 million, two $75.0 million, and one €100.0 million revolving credit facilities, which are uncommitted.
−Removed: A hypothetical 1% increase in our borrowing rates at the end of fiscal 2020 could result in approximately $2.6 million annual increase in interest expense on these existing principal balances.
−Removed: The hypothetical changes and assumptions made above will be different from what actually occurs in the future.
−Removed: Furthermore, the computations do not anticipate actions that may be taken by our management should the hypothetical market changes actually occur over time.
−Removed: As a result, actual earnings effects in the future will differ from those quantified above.
+Added: Dollars, Euros, or in certain other agreed currencies as described in Note 6 of this Annual Report on Form 10 ‑ K.
+Added: At the end of 2021, we had one £55.0 million, two $75.0 million, and one €100.0 million revolving credit facilities, which are uncommitted.
+Added: At the end of 2021, we do not have any outstanding balance on our revolving credit facilities.
Foreign Currency Exchange Rate Risk
7 unchanged sentences
As exchange rates vary, operating income may differ from expectations.
−Removed: In fiscal 2020, revenue and operating income were favorably impacted by foreign currency exchange rates by $3.2 million and $4.3 million, respectively.
−Removed: We enter into foreign currency forward contracts to minimize the short-term impact of foreign currency exchange rate fluctuations on cash, debt, and certain trade and inter-company receivables and payables, primarily denominated in New Zealand Dollars, Brazilian Real, Canadian Dollars, Norwegian Krone, and Euro.
+Added: In 2021, revenue and operating income were favorably impacted by foreign currency exchange rates by $43.8 million and $4.3 million.
+Added: We enter into foreign currency forward contracts to minimize the short-term impact of foreign currency exchange rate fluctuations on cash, debt, and certain trade and intercompany receivables and payables, primarily denominated in Euro, New Zealand Dollars, Canadian Dollars, British Pound, and Brazilian Real.
These contracts reduce the exposure to fluctuations in foreign currency exchange rate movements, as the gains and losses associated with foreign currency balances are generally offset with the gains and losses on the forward contracts.
2 unchanged sentences
We occasionally enter into foreign currency forward contracts to hedge the purchase price of some of our larger business acquisitions.
−Removed: Foreign currency forward contracts outstanding at the end of fiscal 2020 and 2019 are summarized as follows:
−Removed: At the End of Fiscal 2020 At the End of Fiscal 2019
+Added: Foreign currency forward contracts outstanding at the end of 2021 and 2020 are summarized as follows:
+Added: At the End of 2021 At the End of 2020
Value Nominal
10 unchanged sentences
Notes to Consolidated Financial Statements
−Removed: Reports of Independent Registered Public Accounting Firm
+Added: Reports of Independent Registered Public Accounting Firm (PCAOB ID:
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.