11 unchanged sentences
This objective is accomplished currently by making diversified investments, consisting only of money market mutual funds and certificates of deposit.
−Removed: In conjunction with our $350 million, 7 year, term loan, and subsequent entry into an additional $190 million in incremental term loans under the Credit Facility, we entered into interest rate hedge instruments for the full 7 year term, effectively fixing our interest rate at 5.4%.
+Added: In conjunction with our $350 million, 7 year, term loan, and subsequent entry into an additional $190 million in incremental term loans under the Credit Facility, we entered into interest rate swap agreement for the full seven-year term, effectively fixing our interest rate at 5.4%.
However, the interest rate associated with our $60 million, 5 year, revolving credit facility remains floating.
−Removed: As of September 30, 2021, we had a principal balance of $529.2 million under our Credit Facility.
−Removed: As there was no debt outstanding under our revolving credit facility as of September 30, 2021, a hypothetical change of 100 basis points would result in no change to total interest expense.
+Added: As of March 31, 2022, we had an outstanding balance of $526.5 million under our Credit Facility.
+Added: As there was no debt outstanding under our revolving credit facility as of March 31, 2022, a hypothetical change of 100 basis points would result in no change to total interest expense.
Foreign Currency Exchange Risk
2 unchanged sentences
As a result, we are exposed to foreign exchange rate fluctuations as the financial results of our international operations and our revenue and operating results could be adversely affected.
−Removed: The effect of a hypothetical 10% change in foreign currency exchange rates applicable to our business could have resulted in a change in revenue of $5.0 million for the nine months ended September 30, 2021.
+Added: The effect of a hypothetical 10% change in foreign currency exchange rates applicable to our business could have resulted in a change in revenue of $2.0 million for the three months ended March 31, 2022.
To date, we have not engaged in any currency hedging strategies.
2 unchanged sentences
The non-financial assets and liabilities of our foreign subsidiaries are translated into United States dollars using the exchange rates in effect at the balance sheet date.
−Removed: The related translation adjustments are recorded in a separate component of stockholders' equity in accumulated other comprehensive loss.
−Removed: In addition, we have intercompany loans that were used to fund the acquisition of a foreign subsidiaries during the years ended December 31, 2019 and December 31, 2018.
+Added: The related translation adjustments are recorded in a separate component of stockholders' equity in accumulated other comprehensive income (loss).
+Added: In addition, we have intercompany loans that are used to fund the acquisition of foreign subsidiaries.
Due to the long-term nature of these loans, the foreign currency gains (losses) resulting from remeasurement are recognized as a component of accumulated other comprehensive income (loss).
−Removed: We do not believe that inflation had a material effect on our business, financial condition or results of operations in the last three fiscal years.
+Added: We do not believe that inflation has had a material effect on our business, financial condition or results of operations in the last three fiscal years.
If our costs were to become subject to significant inflationary pressures, we may not be able to fully offset such higher costs through price increases.
1 unchanged sentence
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.