1 unchanged sentence
Interest Rate Sensitivity
−Removed: We had cash and cash equivalents of $262.8 million and $142.6 million as of March 31, 2021 and June 30, 2020, respectively.
+Added: We had cash and cash equivalents of $265.9 million and $249.4 million as of September 30, 2021 and June 30, 2021, respectively.
Cash and cash equivalents include securities that have a maturity of three months or less at the date of purchase.
3 unchanged sentences
Interest on our borrowings is based on variable rates.
−Removed: Based on a sensitivity analysis, as of March 31, 2021, an instantaneous and sustained 200-basis-point increase in interest rates affecting our floating rate debt obligations, and assuming that we take no counteractive measures, would result in an
−Removed: incremental charge to our income before income taxes of approximately $11.5 million over the next twelve months.
+Added: Based on a sensitivity analysis, as of September 30, 2021, an instantaneous and sustained 200-basis-point increase in interest rates affecting our floating rate debt obligations, and assuming that we take no counteractive measures, would result in an incremental charge to our income before income taxes of approximately $9.9 million over the next twelve months.
Foreign Currency Risk
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.