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 March 29, 2024 are variable-rate facilities based on the Secured Overnight Financing Rate (SOFR).
+Added: A significant amount of our borrowings as of June 28, 2024 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 months ended March 29, 2024 would have increased Interest expense for our variable rate-based debt by approximately $2.1 million.
+Added: A hypothetical increase in interest rates of 1% during the three and six months ended June 28, 2024 would have increased Interest expense for our variable rate-based debt under the Enovis Credit Agreement by approximately $2.2 million and $4.4 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 March 29, 2024, approximately 43% of our sales were derived from operations outside the United States.
+Added: During the three and six months ended June 28, 2024, approximately 41% and 42% of our sales, respectively, were derived from operations outside the United States.
We have manufacturing operations in certain foreign countries including Mexico, Switzerland, Italy, Germany, Tunisia, and China.
21 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.