12 unchanged sentences
However, changes in interest rates could affect the fair value of these instruments.
−Removed: Assuming the level of these instruments as of April 1, 2023 is held constant, a 1% (100 basis points) unfavorable change in average interest rates would adversely impact the fair value of these instruments, as follows:
+Added: Assuming the level of these instruments as of March 30, 2024 is held constant, a 1% (100 basis points) unfavorable change in average interest rates would adversely impact the fair value of these instruments, as follows:
($ in thousands) Reduction in Fair Value
9 unchanged sentences
As a result, we are also subject to fallout risk related to IRLCs, which is realized if approved borrowers choose not to close on the loans within the terms of the IRLCs.
−Removed: As of April 1, 2023, we had outstanding IRLCs with a notional amount of $64.9 million recorded at fair value in accordance with FASB ASC 815, Derivatives and Hedging.
+Added: As of March 30, 2024, we had outstanding IRLCs with a notional amount of $39.0 million recorded at fair value in accordance with FASB ASC 815, Derivatives and Hedging.
The estimated fair values of IRLCs are based on quoted market values and are recorded in Prepaid expenses and other current assets for net favorable positions, or Accrued expenses and other current liabilities for net unfavorable positions, in the Consolidated Balance Sheets.
6 unchanged sentences
Fluctuations in the exchange rate between the MXN and the US Dollar could have a material impact on our results of operations.
−Removed: A 10% change in exchange rates as of April 1, 2023 could have resulted in a revaluation loss of approximately $0.2 million.
+Added: A 10% change in exchange rates as of March 30, 2024 could have resulted in a revaluation loss of approximately $0.3 million.
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.