2 unchanged sentences
The Company manages its exposure to these market risks through the monitoring of its available financing alternatives including, in certain circumstances, the use of derivative financial instruments.
−Removed: We are also subject to risk from changes in debt and equity prices from our non-qualified retirement savings plan investments in debt securities and common stock, which have a carrying value of $29.9 million and $36.1 million at September 30, 2022 and December 31, 2021, respectively, which we account for as trading securities.
+Added: We are also subject to risk from changes in debt and equity prices from our non-qualified retirement savings plan investments in debt securities and common stock, which have a carrying value of $36.2 million and $32.4 million at March 31, 2023 and December 31, 2022, respectively, which we account for as trading securities.
The Company will continue to monitor the exposure in these areas and make the appropriate adjustments as market conditions dictate.
−Removed: At September 30, 2022, the Company had $315.0 million of variable interest rate debt instruments outstanding at an effective rate of 3.89%.
−Removed: A hypothetical change of 10% in the Company’s effective interest rate from September 30, 2022 levels would increase or decrease annual interest expense by $1.2 million.
+Added: At March 31, 2023, the Company had $536.0 million of variable interest rate debt instruments outstanding at an effective rate of 5.87%.
+Added: A hypothetical change of 10% in the Company’s effective interest rate from March 31, 2023 levels would increase or decrease annual interest expense by $3.1 million.
The Company expects to refinance its fixed and variable long-term debt obligations prior to their scheduled maturities.
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.