2 unchanged sentences
Our interest expense is, in part, sensitive to the general level of interest rates.
−Removed: Borrowings outstanding under our senior unsecured credit facility was approximately $157,500 at December 31, 2021 and bears interest at variable rates.
+Added: Borrowings outstanding under our credit facility was approximately $108,500 as of December 31, 2022 and bears i nterest at variable rates.
A hypothetical increase in our credit facility borrowing rate of 150 basis points would increase our annual interest expense by approximately $2,157 and would have decreased our annual cash flow from operations by approximately $2,157.
−Removed: Our only other debt are finance lease obligations totaling $14,159.
−Removed: These lease obligations bear interest at a fixed rate.
−Removed: Accordingly, there is no exposure to market risk related to these finance lease obligations.
−Removed: We are exposed to the effects of changes in the price and availability of fuel, as more fully discussed in Item 1A, “Risk Factors” - under the title “ Volatility in fuel prices, shortages of fuel or the ineffectiveness of our fuel surcharge program can have a material adverse effect on our results of operations and profitability .”
+Added: Our finance lease obligations were $23,794 as of December 31, 2022.
+Added: These finance lease obligations bear interest at a fixed rate.
+Added: Accordingly, there is no exposure to market risk related to these obligations.
+Added: We are exposed to the effects of changes in the price and availability of fuel, as more fully discussed in Item 1A, “Risk Factors” - under the title “ Volatility in fuel prices, shortages of fuel or the ineffectiveness of our fuel surcharge program could have a material adverse effect on our results of operations and profitability .”
Financial Statements and Supplementary Data
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.