2 unchanged sentences
We invest our cash and cash equivalents in money market funds and short-term corporate and municipal bonds.
−Removed: As of September 30, 2020, we held $76.8 million in cash and cash equivalents and $38.1 million in short-term held-to-maturity securities.
−Removed: For the year ended September 30, 2020, we earned interest income of $1.2 million.
−Removed: We do not believe that reasonably possible changes in interest rates will have a material effect on our financial position, results of operations or cash flows.
−Removed: As of September 30, 2020, we did not have any short-term or long-term borrowings.
+Added: As of September 30, 2021, we held $133.7 million in cash and cash equivalents.
+Added: During the fiscal year ended September 30, 2021, we earned interest income of $0.1 million.
+Added: As we have a restrictive investment policy, our financial exposure to fluctuations in interest rates related to our interest income is expected to remain low.
+Added: We do not believe that the value or liquidity of our cash and cash equivalents and investments have been significantly impacted by current market events.
+Added: On May 12, 2021, we entered into a credit agreement to finance the Avondale property through a $31.2 million term loan that bears interest at the rate of LIBOR plus 2.0% with a maturity of seven years.
+Added: As of September 30, 2021, the fair value of our long-term debt was $31.0 million and bears interest on the outstanding principal amount at a rate equal to the LIBOR plus 2.0%, which was 2.08% as of September 30, 2021.
+Added: We believe the carrying value of the debt approximates fair value as the interest rate is a floating rate equal to the LIBOR plus 2.0%, which is representative of market rates for similar instruments.
+Added: It is anticipated that the fair market value of our debt will continue to be immaterially affected by fluctuations in interest rates and we do not believe that the value of our debt has been significantly impacted by current market events.
+Added: The variable rate of interest on our long-term debt can expose us to interest rate volatility due to changes in LIBOR.
+Added: To mitigate this exposure, on May 12, 2021, we entered into an interest rate swap agreement that effectively fixes the interest rate on 50% of the principal amount of the term loan at 3.5% for the entire loan term.
+Added: During the fiscal year ended September 30, 2021, we recorded interest expense of $0.4 million on our outstanding debt.
+Added: Assuming all terms of our outstanding long-term debt remained the same, a hypothetical 1.0% change (up or down) in the
+Added: one-month LIBOR would result in a $0.1 million change to our annual interest expense for the portion of the long-term debt not hedged by the interest rate swap agreement.
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.