4 unchanged sentences
Interest Rate Risks
−Removed: Our primary exposure to market risk is interest rate risk associated with our credit facility since the interest is indexed to market rates.
−Removed: We entered into our current credit facility on April 18, 2022, and simultaneously terminated our previous credit facility.
+Added: Our primary exposure to market risk is interest rate risk associated with credit facilities since the interest is indexed to market rates.
+Added: On February 29, 2024, upon the closing of the disposition of the Precision Sport segment, the Company terminated and settled all outstanding borrowings on our revolving credit facility and term debt under the Restated Credit Agreement.
The applicable interest rate for the outstanding borrowings under our credit facility as of December 31, 2023 ranged between approximately 7.7% and 9.8%.
−Removed: As of December 31, 2022, the interest rate was approximately 6.3%.
−Removed: Amounts outstanding as of December 31, 2023 and 2022 were $119,750,000 and $138,360,000, respectively.
−Removed: Subsequent to year end and upon the closing of the sale of the Precision Sport segment, the Company terminated and settled all outstanding borrowings on our revolving credit facility and term debt under the Restated Credit Agreement.
+Added: The amount outstanding as of December 31, 2023 was $119,750,000.
Foreign Currency Risks
3 unchanged sentences
Given the current geopolitical environment and other economic uncertainties worldwide, changes in these and other currencies in relation to the U.S.
−Removed: dollar will affect our sales and profitability and could result in exchange losses.
+Added: dollar will affect our sales and profitability and could result in foreign exchange losses.
For the year ending December 31, 2024, approximately 54% of our sales from continuing operations were denominated in foreign currencies (compared to 54% of our sales from continuing operations in the prior year), the most significant of which were the Australian Dollar, Euro, Canadian Dollar, Norwegian Kroner, and Swiss Franc.
−Removed: Our Australian Dollar denominated expenses associated with our Australian operations (which include business operations and distribution facilities) provide a natural hedge for Australian Dollar denominated revenues.
+Added: Our Australian Dollar denominated expenses associated with our Australian operations (which include business operations and distribution facilities) provide a natural hedge for Australian Dollar denominated revenues, however, a significant amount of our finished good inventory purchases are denominated in U.S.
The Company’s primary exchange rate risk management objective is to attempt to mitigate the uncertainty of anticipated cash flows attributable to changes in foreign currency exchange rates.
2 unchanged sentences
As of December 31, 2024 and 2023, we had entered into foreign currency forward contracts for Euros and Canadian dollars, which qualified as cash flow hedges.
−Removed: As of December 31, 2023 and 2022, the aggregate notional amounts of Euro contracts were EUR 20,612,000 and EUR 20,760,000, respectively, and the aggregate notional amounts of Canadian dollar contracts were $CAD
−Removed: 7,925,000 and $CAD 2,807,000, respectively.
+Added: As of December 31, 2024 and 2023, the aggregate notional amounts of Euro contracts were EUR 6,711,000 and EUR 20,612,000, respectively, and the aggregate notional amounts of Canadian dollar contracts were $CAD 1,379,000 and $CAD 7,925,000, respectively.
A hypothetical 10% change in foreign currency rates would not have a material effect on foreign currency gains and losses related to the foreign currency derivatives or the net fair value of the Company’s foreign currency derivatives.
9 unchanged sentences
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.