5 unchanged sentences
We are subject to exposure from changes in short-term interest rates related to interest payments on our borrowing arrangements.
−Removed: A significant amount of our borrowings as of July 1, 2022 are variable-rate facilities based on SOFR.
+Added: A significant amount of our borrowings as of September 30, 2022 are variable-rate facilities based on SOFR.
In order to mitigate our interest rate risk, we may enter into interest rate swap or collar agreements.
−Removed: A hypothetical increase in interest rates of 1% during the three and six months ended July 1, 2022 would have increased Interest expense for our variable rate-based debt by approximately $1.5 million and $4.9 million, respectively.
+Added: A hypothetical increase in interest rates of 1% during the three and nine months ended September 30, 2022 would have increased Interest expense for our variable rate-based debt by approximately $1.1 million and $6.1 million, respectively.
Exchange Rate Risk
1 unchanged sentence
dollar and against the currencies of other countries in which we manufacture and sell products and services.
−Removed: During the three months ended July 1, 2022 and July 2, 2021, approximately 30% and 25% of our sales were derived from operations outside the U.S.
+Added: During the three months ended September 30, 2022 and October 1, 2021, approximately 28% of our sales were derived from operations outside the U.S.
We have manufacturing operations in certain foreign countries including Mexico, Switzerland, Germany, Tunisia, and China.
17 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.