1 unchanged sentence
Our market risk is the potential loss arising from adverse changes in interest rates.
−Removed: All our available credit and accounts receivable sales programs bear interest at rates tied to LIBOR.
−Removed: Under the terms of our credit agreement and customer-sponsored programs to sell accounts receivable, a change in either the lender’s base rate, LIBOR or discount rates under the accounts receivable sale programs would affect the rate at which we could borrow funds thereunder.
−Removed: A one percentage point increase in LIBOR or the discount rates on the accounts receivable sales programs would have increased our interest expense on our variable rate debt, if any, and accounts receivable financing costs by approximately $5.1 million, $4.4 million and $4.4 million in fiscal 2020, fiscal 2019 and fiscal 2018, respectively.
−Removed: This estimate assumes that our variable rate debt balance and the level of sales of accounts receivable remains constant for an annual period and the interest rate change occurs at the beginning of the period.
+Added: All our available credit and accounts receivable sales programs bear interest at rates tied to LIBOR or alternative discount rates.
+Added: Under the terms of our credit agreement, a change in either the lender’s base rate or, LIBOR would affect the rate at which we could borrow funds thereunder.
+Added: A one percentage point increase in LIBOR or base rate would have increased our interest expense on our variable rate debt under our credit agreement by approximately $1.1 million in fiscal 2021.
+Added: Under the terms of our customer sponsored programs to sell accounts receivable, a change in either LIBOR or the discount rates would affect the amount of financing costs we incur, and the amount of cash we receive upon the sales of accounts receivable under these programs.
+Added: A one percentage point increase in LIBOR or the discount rates on the accounts receivable sales programs would have increased our financing costs by approximately $6.7 million, $5.1 million and $4.4 million in fiscal 2021, fiscal 2020 and fiscal 2019, respectively.
+Added: These estimates assume that our variable rate debt balance and the level of sales of accounts receivable remains constant for an annual period and the interest rate change occurs at the beginning of the period.
The hypothetical changes and assumptions may be different from what actually occurs in the future.
4 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.