21 unchanged sentences
Translation adjustments are included as a separate component of stockholders' equity on our Consolidated Balance Sheets.
−Removed: For the fiscal years ended March 31, 2020 and 2019, our foreign currency translation adjustment was a loss of $27.4 million and a loss of $28.8 million, respectively.
−Removed: We recognized a foreign currency exchange transaction loss of $3.6 million, a loss of $0.5 million, and a loss of $3.0 million for the fiscal years ended March 31, 2020, 2019, and 2018, respectively, in Interest and other, net in our Consolidated Statements of Operations.
+Added: For the fiscal years ended March 31, 2021 and 2020, our foreign currency translation adjustment was a gain of $51.3 million and a loss of $27.4 million, respectively.
+Added: We recognized a foreign currency exchange transaction gain of $0.7 million, a loss of $3.6 million, and a loss of $0.5 million for the fiscal years ended March 31, 2021, 2020, and 2019, respectively, in Interest and other, net in our Consolidated Statements of Operations.
Balance Sheet Hedging Activities
8 unchanged sentences
dollars all of which have maturities of less than one year.
−Removed: For the fiscal years ended March 31, 2020, 2019 and 2018, we recorded a loss of $1.0 million, a gain of $16.8 million, and a loss of $19.5 million, respectively, related to foreign currency forward contracts in Interest and other, net on the Consolidated Statements of Operations.
+Added: For the fiscal years ended March 31, 2021, 2020 and 2019, we recorded a loss of $3.6 million, a loss of $1.0 million, and a gain of $16.8 million, respectively, related to foreign currency forward contracts in Interest and other, net on our Consolidated Statements of Operations.
As of March 31, 2021 and 2020, the fair value of these outstanding forward contracts was a loss of $0.1 million and a loss $0.0 million, respectively, and is included in accrued and other current liabilities.
1 unchanged sentence
Our hedging programs are designed to reduce, but do not entirely eliminate, the effect of currency exchange rate movements.
−Removed: We believe the counterparties to these foreign currency forward contracts are credit-worthy multinational commercial banks and that the risk of counterparty nonperformance is not material.
+Added: We believe the counterparties to these foreign currency forward contracts are creditworthy multinational
+Added: commercial banks and that the risk of counterparty nonperformance is not material.
Notwithstanding our efforts to mitigate some foreign currency exchange rate risks, there can be no assurance that our hedging activities will adequately protect us against the risks associated with foreign currency fluctuations, which may be more volatile as a result of COVID-19.
5 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.