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 $32.4 million at December 31, 2022 and 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 $41.6 million as of December 31, 2023 and are accounted 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 December 31, 2022, the Company had $360.0 million of variable interest rate debt instruments outstanding at an effective rate of 5.37%.
−Removed: 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: As of December 31, 2023, the Company had $728.5 million of variable interest rate debt instruments outstanding at an effective interest rate of 6.74%.
+Added: A hypothetical change of 10% in the Company’s effective interest rate from the December 31, 2023 levels would increase or decrease annual interest expense by $4.9 million.
The Company expects to refinance its fixed and variable long-term debt obligations prior to their scheduled maturities.
+Added: The Company does not presently have any derivative financial instruments.
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.