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 $37.8 million and $32.4 million as of September 30, 2023 and December 31, 2022, 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 $45.1 million and $41.6 million as of March 31, 2024 and December 31, 2023, respectively, 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: As of September 30, 2023, the Company had $545 million of variable interest rate debt instruments outstanding at an effective interest rate of 6.40%.
−Removed: A hypothetical change of 10% in the Company’s effective interest rate from September 30, 2023 levels would increase or decrease annual interest expense by $3.5 million.
−Removed: The Company expects to refinance its fixed and variable interest rate long-term debt obligations prior to their scheduled maturities.
+Added: As of March 31, 2024, the Company had $855 million of variable interest rate debt instruments outstanding at an effective interest rate of 6.66%.
+Added: A hypothetical change of 10% in the Company’s effective interest rate from the March 31, 2024 levels would increase or decrease annual interest expense by $5.7 million.
+Added: The Company generally expects to refinance its fixed and variable long-term debt obligations prior to their scheduled maturities.
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.