6 unchanged sentences
However, we do not recover all of the fuel cost increase through these surcharge programs.
−Removed: As of September 30, 2023, we had no derivative financial instruments to reduce our exposure to fuel price fluctuations.
+Added: As of March 31, 2024, 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 $1.3 million and $0.7
−Removed: million for third quarter 2023 and third quarter 2022, respectively.
−Removed: These losses were recorded in accumulated other comprehensive loss within stockholders’ equity in the consolidated condensed balance sheets.
+Added: Foreign currency translation gains were $0.5 million and $3.0 million for first quarter 2024 and 2023, respectively.
+Added: These gains were recorded in accumulated other comprehensive loss within stockholders’ equity in the consolidated condensed balance sheets.
Interest Rate Risk
We manage interest rate exposure through a mix of variable interest rate debt and interest rate swap agreements.
−Removed: We had $280.0 million of variable interest rate debt outstanding at September 30, 2023, for which the interest rate is effectively fixed at 4.31% with interest rate swap agreements to reduce our exposure to interest rate increases.
−Removed: In addition, we had $320.0 million of variable interest rate debt outstanding at September 30, 2023.
+Added: We had $280.0 million of variable interest rate debt outstanding at March 31, 2024, for which the interest rate is effectively fixed at 4.31% with interest rate swap agreements to reduce our exposure to interest rate increases.
+Added: In addition, we had $230.0 million of variable interest rate debt outstanding at March 31, 2024.
The interest rates on our credit facility are based on 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.