4 unchanged sentences
INTEREST RATE RISK
−Removed: As of January 28, 2023 , we had $281.0 million outstanding on our revolving line of credit under our ABL Revolver.
−Removed: Borrowings and letters of credit issued under the ABL Revolver accrue interest based on variable rates of interest, which expose us to interest rate market risks, particularly during a period of rising interest rates.
−Removed: The impact of a hypothetical 100 basis point increase in interest rates on our revolving line of credit would not result in a material amount of additional expense over a 12-month period based on the balance as of January 28, 2023.
+Added: As of February 3, 2024 , we had $301.1 million and $133.1 million outstanding on our ABL Revolver and Term Loan, respectively.
+Added: Borrowings and letters of credit issued under the ABL Revolver and Term Loan accrue interest based on variable rates of interest, which expose us to interest rate market risks, particularly during a period of rising interest rates.
+Added: The impact of a hypothetical 100 basis point increase in interest rates on our outstanding borrowings would result in approximately $4.0 million of additional expense over a 12-month period based on the balance as of February 3, 2024.
FOREIGN CURRENCY EXCHANGE RISK
−Removed: We are exposed to the impact of foreign exchange rate risk primarily through our operations in Canada, where the functional currency is the Canadian dollar, as well as foreign-denominated cash accounts.
−Removed: A hypothetical 10% movement in the exchange rates could result in a change of $4.2 million of foreign currency revaluation, which would be recorded in non-operating income (expenses), net, within the consolidated statements of operations and an immaterial impact to other comprehensive loss.
+Added: We are exposed to the impact of foreign exchange rate risk primarily through U.S.
+Added: dollar denominated debt held by our Canadian legal entity where the functional currency is the Canadian dollar.
+Added: A hypothetical 10% movement in the exchange rate would result in an immaterial impact of foreign currency revaluation recorded to non-operating expenses, net, within the consolidated statements of operations.
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.