19 unchanged sentences
Therefore, we are subject to currency exposure and volatility because of currency fluctuations.
−Removed: We attempt to minimize our exposure to these fluctuations by matching revenue and expenses
−Removed: in the same currency for our contracts.
−Removed: Foreign currency gains and losses were immaterial for both fiscal 2019 and fiscal 2018 .
−Removed: Foreign currency gains and losses are reported as part of “Selling, general and administrative expenses” in our consolidated statements of income.
+Added: We attempt to minimize our exposure to these fluctuations by matching revenue and expenses in the same currency for our contracts.
+Added: We reported $1.3 million of foreign currency losses in fiscal 2020 and $0.5 million of foreign currency gains in fiscal 2019 in “Selling, general and administrative expenses” on our consolidated statements of income.
We have foreign currency exchange rate exposure in our results of operations and equity primarily because of the currency translation related to our foreign subsidiaries where the local currency is the functional currency.
3 unchanged sentences
dollar weakens against foreign currencies.
−Removed: For fiscal 2019 and 2018 , 27.7% and 24.7% of our consolidated revenue, respectively, was generated by our international business.
−Removed: For fiscal 2019 , the effect of foreign exchange rate translation on the consolidated balance sheets was a decrease in equity of $21.1 million compared to a decrease in equity of $29.7 million in fiscal 2018 .
−Removed: These amounts were recognized as an adjustment to equity through other comprehensive income.
+Added: For fis cal 2020 and 2019, 29.6% and 27.7% of our consolidated revenue, respectively, was generated by our international business.
+Added: For fiscal 2020, the effect of foreign exchange rate translation on the consolidated balance sheets was an increase in equity of $3.4 million compared to a decrease in equity of $21.1 million in fiscal 2019.
+Added: These amounts were recognized as an adjustment to equity through othe r comprehensive income.
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.