6 unchanged sentences
However, we do not recover all of the fuel cost increase through these surcharge programs.
−Removed: As of June 30, 2022, we had no derivative financial instruments to reduce our exposure to fuel price fluctuations.
+Added: As of September 30, 2022, we had no derivative financial instruments to reduce our exposure to fuel price fluctuations.
Foreign Currency Exchange Rate Risk
5 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 $47 thousand for the second quarter 2022 and gains were $1.9 million for second quarter 2021.
+Added: Foreign currency translation losses were $0.7 million and $1.1 million for the third quarter 2022 and 2021, respectively.
These were recorded in accumulated other comprehensive loss within stockholders’ equity in the consolidated condensed balance sheets.
1 unchanged sentence
We manage interest rate exposure through a mix of variable interest rate debt and interest rate swap agreements.
−Removed: We had $150 million of variable interest rate debt outstanding at June 30, 2022, for which the interest rate is effectively fixed at 2.31% through May 2024 with two interest rate swap agreements to reduce our exposure to interest rate increases.
−Removed: In addition, we had $200 million of variable interest rate debt outstanding at June 30, 2022.
+Added: We had $150 million of variable interest rate debt outstanding at September 30, 2022, for which the interest rate is effectively fixed at 2.31% through May 2024 with two interest rate swap agreements to reduce our exposure to interest rate increases.
+Added: In addition, we had $330 million of variable interest rate debt outstanding at September 30, 2022.
Interest rates on the variable rate debt and our unused credit facilities are based on the Secured Overnight Financing Rate (“SOFR”).
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.