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 June 30, 2023 are variable-rate facilities based on the Secured Overnight Financing Rate or SOFR.
+Added: A significant amount of our borrowings as of September 29, 2023 are variable-rate facilities based on the Secured Overnight Financing Rate (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 June 30, 2023 would have increased Interest expense for our variable rate-based debt by approximately $0.8 million and $1.5 million, respectively.
+Added: A hypothetical increase in interest rates of 1% during the three and nine months ended September 29, 2023 would have increased Interest expense for our variable rate-based debt by approximately $1.0 million and $2.5 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 and six months ended June 30, 2023, approximately 33% and 33% of our sales, respectively, were derived from operations outside the U.S.
+Added: During the three and nine months ended September 29, 2023, approximately 31% and 32% of our sales, respectively, were derived from operations outside the U.S.
We have manufacturing operations in certain foreign countries including Mexico, Switzerland, Germany, Tunisia, and China.
22 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.