−Removed: Quantitative and Qualitative Disclosure of Market Risks
+Added: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
We currently have limited risk related to fluctuations in marketable securities.
3 unchanged sentences
Interest Rate Risk
−Removed: We are exposed to interest rate risk on variable-rate borrowings under our $225 million Term Loan A and our revolving credit facilities, for which no amounts were outstanding as of December 31, 2022.
+Added: We are exposed to interest rate risk on variable-rate borrowings under our 2022 Term Loan A, which had an outstanding balance of $214 million, and our revolving credit facilities, which had no amounts outstanding as of December 31, 2023.
A 0.5% increase or decrease in our weighted average interest rate on our variable debt outstanding as of December 31, 2023, would result in an increase or decrease in our annual interest expense of approximately $1 million.
−Removed: The carrying value of the Company’s borrowings under the 2022 Credit Facility approximate their fair values at December 31, 2022.
−Removed: See for Note 13:
−Removed: Debt additional information.
+Added: The carrying value of the Company’s borrowings under the 2022 Credit Agreement approximate their fair values at December 31, 2023.
+Added: Debt for additional information.
Foreign Currency Risk
8 unchanged sentences
We have experienced inflationary pressures to our supply chain costs, including those associated with micro-electronics, commodities (e.g., metals), and others.
−Removed: Historically, we have generally been able
−Removed: to anticipate increases in costs when pricing our contracts but as inflation continues, certain costs have impacted our profitability.
+Added: These costs have impacted our profitability.
Bids for longer-term firm-fixed price contracts typically include assumptions for labor and other cost escalations in amounts that have been sufficient to cover cost increases over the period of performance.
2 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.