13 unchanged sentences
Foreign currency translation gains and losses primarily relate to changes in the value of revenue equipment owned by a subsidiary in Mexico, whose functional currency is the Peso.
−Removed: Foreign currency translation losses were $9.9 million for first quarter 2020 and gains were $0.6 million for first quarter 2019 .
+Added: Foreign currency translation gains were $0.9 million for second quarter 2020 and $0.5 million for second quarter 2019.
These were recorded in accumulated other comprehensive loss within stockholders’ equity in the Consolidated Balance Sheets.
1 unchanged sentence
We manage interest rate exposure through a mix of variable rate debt and interest rate swap agreements.
−Removed: We had $150 million of debt outstanding at March 31, 2020 , for which the interest rate is effectively fixed at 2.34% through May 2024 with two interest rate swap agreements to reduce our exposure to interest rate increases.
−Removed: We had $100 million of variable rate debt outstanding at March 31, 2020 .
+Added: We had $150 million of debt outstanding at June 30, 2020, for which the interest rate is effectively fixed at 2.34% through May 2024 with two interest rate swap agreements to reduce our exposure to interest rate increases.
+Added: We had $25 million of variable rate debt outstanding at June 30, 2020.
Interest rates on the variable rate debt and our unused credit facilities are based on the LIBOR.
−Removed: Assuming this level of borrowing, a hypothetical one-percentage point increase in the LIBOR interest rate would increase our annual interest expense by approximately $1.0 million.
+Added: Assuming this level of borrowing, a hypothetical one-percentage point increase in the LIBOR interest rate would increase our annual interest expense by approximately $250,000.
Due to uncertainty surrounding the suitability and sustainability of LIBOR, central banks and global regulators have called for financial market participants to prepare for the discontinuation of LIBOR by the end of 2021.
2 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.