11 unchanged sentences
Our cash and cash equivalents are not subject to significant interest rate risk due to the short maturities of these instruments.
−Removed: As of June 30, 2023, the carrying value of our cash and cash equivalents approximated fair value.
+Added: As of September 30, 2023, the carrying value of our cash and cash equivalents approximated fair value.
Our return on these investments is subject to interest rate fluctuations.
−Removed: As of June 30, 2023 and December 31, 2022, we had $679.1 million and $652.8 million, respectively, of cash and cash equivalent investments primarily in funds that invest in U.S.
+Added: As of September 30, 2023 and December 31, 2022, we had $660.6 million and $652.8 million, respectively, of cash and cash equivalent investments primarily in funds that invest in U.S.
treasuries, money market funds, as well as, demand deposit accounts with maturities of 90 days or less.
2 unchanged sentences
To date, we have not entered into interest rate hedging transactions to control or minimize certain of these risks.
−Removed: Our investment in Consensus common stock, which has a carrying value of approximately $32.1 million as of June 30, 2023, is based upon the quoted market price of Consensus common stock.
+Added: Our investment in Consensus common stock, which has a carrying value of approximately $26.0 million as of September 30, 2023, is based upon the quoted market price of Consensus common stock.
Our results of operations and financial condition have been and may be materially impacted by increases or decreases in the price of Consensus common stock, which is traded on the Nasdaq Global Select Market.
(Losses) gains on the investment in Consensus common stock were as follows (in thousands):
−Removed: Three months ended June 30, Six months ended June 30,
+Added: Three months ended
+Added: September 30,
+Added: Nine months ended
+Added: September 30,
2023 2022 2023 2022
Realized (losses) gains on securities sold during the period $ — $ 471 $ 357 $ (47,772)
−Removed: Unrealized loss recognized during the period on equity securities held at the reporting date $ (3,196) $ (27,317) $ (23,541) $ (18,366)
−Removed: The carrying value of the investment in Consensus common stock as of June 30, 2023 was $32.1 million, or approximately 0.9% of the Company’s consolidated total assets.
+Added: Unrealized (loss) gain recognized during the period on equity securities held at the reporting date
+Added: $ (6,019) $ 4,201 $ (29,560) $ (14,165)
+Added: The carrying value of the investment in Consensus common stock as of September 30, 2023 was $26.0 million, or approximately 0.8% of the Company’s consolidated total assets.
A $2.00 increase or decrease in the share price of Consensus common stock would result in an unrealized gain or loss, respectively, of approximately $2.1 million.
12 unchanged sentences
Our objective in managing foreign exchange risk is to minimize the potential exposure to changes that exchange rates might have on earnings, cash flows, and financial position.
−Removed: During the three months ended June 30, 2023 and 2022, foreign exchange (losses) gains amounted to $(1.0) million and $6.6 million, respectively.
−Removed: During the six months ended June 30, 2023 and 2022, foreign exchange (losses) gains amounted to $(1.9) million and $8.8 million, respectively.
−Removed: Cumulative translation adjustments, net of tax, included in other comprehensive (loss) income for the three months ended June 30, 2023 and 2022 were $(2.5) million and $24.3 million, respectively, and for the six months ended June 30, 2023 and 2022, were $(6.2) million and $30.5 million, respectively.
+Added: During the three months ended September 30, 2023 and 2022, foreign exchange gains amounted to $1.1 million and $3.4 million, respectively.
+Added: During the nine months ended September 30, 2023 and 2022, foreign exchange (losses) gains amounted to $(0.8) million and $12.3 million, respectively.
+Added: Cumulative translation adjustments, net of tax, included in other comprehensive loss for the three months ended September 30, 2023 and 2022 were $6.8 million and $24.8 million, respectively, and for the nine months ended September 30, 2023 and 2022, were $0.7 million and $55.3 million, respectively.
We currently do not have derivative financial instruments for hedging, speculative, or trading purposes and, therefore, are not subject to such hedging risk.
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.