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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2021-12-06 compared with 2020-12-07 · 2 added, 2 removed, 9 unchanged (31% of the section changed)
3 unchanged sentences
On September 30 2019, we executed a floating-to-fixed interest rate swap with FNB as counter party.
−Removed: The notional amount in the floating-to-fixed interest rate swap is $36 million;
+Added: The notional amount in the floating-to-fixed interest rate swap is $22.8 million at the end of fiscal year 2021.
The remaining outstanding balance of our term loan is subject to interest rate fluctuations.
−Removed: The Company has determined that a 1.0% increase to the LIBOR rate would impact our interest expense by $0.2 million per year.
+Added: The Company has determined that a 1.0% increase to the LIBOR rate would incrementally impact our interest expense by approximately $0.2 million per year.
As of September 30, 2021, the interest rate was 3.58%.
3 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.