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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2023-03-01 compared with 2022-02-24 · 3 added, 1 removed, 5 unchanged (44% of the section changed)
4 unchanged sentences
The Company will continue to monitor the exposure in these areas and make the appropriate adjustments as market conditions dictate.
−Removed: At December 31, 2021, the Company had no variable interest rate debt instruments outstanding or derivative financial instruments.
+Added: At December 31, 2022, the Company had $360.0 million of variable interest rate debt instruments outstanding at an effective rate of 5.37%.
+Added: A hypothetical change of 10% in the Company’s effective interest rate from December 31, 2022 levels would increase or decrease annual interest expense by $1.9 million.
+Added: The Company expects to refinance its fixed and variable long-term debt obligations prior to their scheduled maturities.
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.