5 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, 2025, the carrying value of our cash and cash equivalents approximated fair value.
+Added: As of September 30, 2025, 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, 2025 and December 31, 2024, we had $457.3 million and $505.9 million, respectively, of cash and cash equivalent investments primarily in funds that invest in U.S.
+Added: As of September 30, 2025 and December 31, 2024, we had $503.4 million and $505.9 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 within three months or less.
Currently, we do not have interest rate risk on our outstanding long-term debt as these arrangements have fixed interest rates.
−Removed: As of June 30, 2025, the carrying value and the fair value of our fixed rate debt was $865.4 million and $812.3 million, respectively.
+Added: As of September 30, 2025, the carrying value and the fair value of our fixed rate debt was $865.9 million and $829.7 million, respectively.
Our fixed rate debt matures as follows:
3 unchanged sentences
Further, our revolving credit agreement bears interest at variable rates.
−Removed: However, during the six months ended June 30, 2025, we did not need to draw on this revolving credit agreement.
+Added: However, during the nine months ended September 30, 2025, we did not need to draw on this revolving credit agreement.
If we need to draw on the revolving credit facility in the future, we will be exposed to interest rate changes.
15 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, 2025 and 2024, foreign exchange losses amounted to $5.8 million and $0.4 million, respectively.
−Removed: During the six months ended June 30, 2025 and 2024, foreign exchange losses amounted to $8.7 million and $0.4 million, respectively.
−Removed: Cumulative translation adjustments, net of tax, included in Other comprehensive income (loss), net for the three months ended June 30, 2025 and 2024 were $18.8 million and $(0.5) million, respectively, and for the six months ended June 30, 2025 and 2024 were $30.2 million and $(7.0) million, respectively.
+Added: During the three months ended September 30, 2025 and 2024, foreign exchange gains (losses) amounted to $4.0 million and $(2.6) million, respectively.
+Added: During the nine months ended September 30, 2025 and 2024, foreign exchange losses amounted to $(4.7) million and $(2.9) million, respectively.
+Added: Cumulative translation adjustments, net of tax, included in Other comprehensive income (loss), net for the three months ended September 30, 2025 and 2024 were $(4.4) million and $14.5 million, respectively, and for the nine months ended September 30, 2025 and 2024 were $25.8 million and $7.5 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.