9 unchanged sentences
During fiscal 2021, the Company used interest rate swaps to hedge a portion of the interest rate risk related its outstanding variable rate debt.
−Removed: As of June 30, 2022, the notional amount of the interest rate swaps was $630 million.
−Removed: Of this amount, $230 million has a weighted average fixed rate of 1.77% with a maturity date in February 2023.
−Removed: The remaining amount of $400 million relates to derivatives for which fixed rate payments of 4.85% w ill start from February 2023.
−Removed: Assuming current cash equivalents, variable rate borrowings and the effects of the interest rate swaps, a hypothetical change in average interest rates of one percentage point would have no impact to net interest expense.
+Added: As of June 30, 2023, the notional amount of the interest rate swaps was $400 million with fixed rate payments of 5.10% that started from February 2023.
+Added: Assuming current cash equivalents, variable rate borrowings and the effects of the interest rate swaps, a hypothetical change in average interest rates of one percentage point would have resulted in higher net interest expense of $5.5 million.
Foreign Currency Exchange Rates
2 unchanged sentences
These revenues, along with related expenses and capital purchases, were conducted primar ily in British Pounds Sterling, Euros and Canadian Dollars.
−Removed: Sales and operating income would have decreased by approximatel y $42.3 million and $4.2 million, respectiv ely, if average foreign exchange rates had been lower by 5% against the U.S.
+Added: Sales and operating income would have decreased by approximatel y $39.4 million and $2.8 million, resp ectiv ely, if average foreign exchange rates had been lower by 5% against the U.S.
Dollar in fiscal 2023.
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.