17 unchanged sentences
We are exposed to interest rate fluctuations with respect to our variable rate debt, depending on general economic conditions.
−Removed: On December 31, 2021, we had no variable rate debt.
+Added: On December 31, 2022, we had the following variable rate debt:
+Added: (in thousands, except interest rates)
+Added: Long-term debt
+Added: Credit agreement with borrowings outstanding, net of fixed rate portion, at an end of period interest rate of 5.88% in 2022, due in 2024 $89,000
+Added: Total $89,000
+Added: Assuming borrowings were outstanding for an entire year, an increase of one percentage point in weighted average interest rates would increase interest expense by $0.9 million .
To manage interest rate risk, we may periodically enter into interest rate swap agreements to effectively fix the interest rates on variable rate debt to a specific rate for a period of time.
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.