1 unchanged sentence
Interest Rate Sensitivity
−Removed: We had cash and cash equivalents of $97.6 million and $114.8 million as of December 31, 2023 and June 30, 2023, respectively.
+Added: We had cash and cash equivalents of $102.5 million and $114.8 million as of March 31, 2024 and June 30, 2023, respectively.
C ash and cash equivalents includes 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 December 31, 2023, 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 $19.9 million over the next twelve months.
+Added: Based on a sensitivity analysis, as of March 31, 2024, 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 $17.6 million over the next twelve months.
Foreign Currency Risk
1 unchanged sentence
A 10% appreciation or depreciation in the value of the U.S.
−Removed: dollar relative to the other currencies in which our revenue and expenses are denominated would result in a charge or benefit to our income before income taxes of approximately $1.0 million for the three months ended December 31, 2023.
+Added: dollar relative to the other currencies in which our revenue and expenses are denominated would result in a charge or benefit to our income before income taxes of approximately 0.2 thousand for the three months ended March 31, 2024.
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.