1 unchanged sentence
Interest Rate Risk
−Removed: Our exposure to changes in interest rates primarily results from our ABL Facility and Term Loan, as these borrowings have variable interest rates.
−Removed: When appropriate, we have historically used derivative financial instruments to mitigate the risk from such exposure.
+Added: Our exposure to changes in interest rates primarily results from our Term Loan and ABL Facility, as these borrowings have variable interest rates.
+Added: When appropriate, we also enter into fixed interest rate debt, such as the Notes, to limit the floating interest rate exposure on our long term debt or historically we have used derivative financial instruments to mitigate the risk from such exposure.
A discussion of our accounting policies for derivative financial instruments is included in Note 5.
−Removed: “Derivative Financial Instruments” and Note 6 “Fair Value Measurements” to our consolidated financial statements included in Part II.
+Added: “Derivative Financial Instruments” and Note 6 “Fair Value Measurements” to our accompanying financial statements included in Part IV.
Item 15 of this Annual Report.
−Removed: The detrimental effect of a hypothetical 100 basis point increase in interest rates on current borrowings under the ABL Facility and Term Loan would increase our interest expense by approximately $3.0 million for 2021.
+Added: The detrimental effect of a hypothetical 100 basis point increase in interest rates on current borrowings under the Term Loan and ABL Facility would increase our interest expense by approximately $2.0 million.
Interim Results and Seasonality
6 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.