What changed 10-Q

Item 3. Quantitative and Qualitative Disclosures About Market Risk

2021-10-27 compared with 2021-07-28 · 1 added, 2 removed, 13 unchanged (19% of the section changed)

10 unchanged sentences

Our primary exposure to market risk relates to changes in interest rates.

At June 30, 2021, we had $685.3 million outstanding under our Credit Agreement, which bears interest at variable rates.

At September 30, 2021, we had $683.5 million outstanding under our Credit Agreement, which bears interest at variable rates.

We are exposed to market risk on variable rate debt due to potential adverse changes in these rates.

Assuming the outstanding balance of the debt facility remains constant, a one-percentage point increase in our variable rate would reduce net income and cash flows from operating activities by $4.9 million.

FORM 10-Q FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2021

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.