12 unchanged sentences
To illustrate the potential impact of changes in foreign currency exchange rates on the translation of our results of operations, annual sales and operating profit were remeasured assuming a ten percent reduction in foreign exchange rates compared to the U.S.
−Removed: Under this assumption, annual sales would have been $25 million lower and operating profit would have been $3 million lower for the twelve months ended August 31, 2021.
+Added: Under this assumption, annual sales would have been $24 million lower and operating profit would have been relatively flat for the twelve months ended August 31, 2022.
This sensitivity analysis assumes that each exchange rate would change in the same direction relative to the U.S.
4 unchanged sentences
dollars, our reporting currency.
−Removed: Interest Rate Risk —In the current economic environment, we manage interest expense using a mix ture of variable rate debt and fixed-interest-rate swaps.
−Removed: As of August 31, 2021, long term debt consisted of $ 175 million of borrowings under the revolving line of credit (variable rate debt).
−Removed: We were the fixed-rate payor on an interest rate swap that effectively fixed the LIBOR-based index on $100 million of borrowings under our revolving line of credit through August 31, 2021.
+Added: Interest Rate Risk — As of August 31, 2022, long term debt consisted of $ 200 million of borrowings under the revolving line of credit (variable rate debt).
+Added: A ten percent increase in the average costs of our variable rate debt would have resulted in less than $0.1 million increase in financing costs for the year ended August 31, 2022 .
C ommodity Risk —We source a wide variety of materials and components from a network of global suppliers.
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.