5 unchanged sentences
We manage our debt portfolio to achieve an overall desired proportion of fixed and floating rate debts and may employ interest rate swaps as a tool from time to time to achieve that position.
−Removed: To manage our interest rate risk exposure, we entered into three interest rate swap contracts to hedge the floating rate term loans.
−Removed: See Note 8 - Derivative Financial Instruments to the condensed consolidated financial statements in this Quarterly Report on Form 10-Q for additional information.
−Removed: As of September 30, 2023, our aggregate floating rate debt’s outstanding principal balance without hedging was $49.9 million, or 30.3% of total debt, consisting primarily of our revolving line of credit (see Note 9 - Debt to the condensed consolidated financial statements in this Quarterly Report on Form 10-Q).
+Added: To manage our interest rate risk exposure, we entered into four interest rate swap contracts to hedge the floating rate term loans.
+Added: See Note 7 - Derivative Financial Instruments to the unaudited condensed consolidated financial statements in this Quarterly Report on Form 10-Q for additional information.
+Added: As of March 31, 2024, our aggregate floating rate debt’s outstanding principal balance without hedging was $57.4 million, or 34.2% of total debt, consisting primarily of our revolving line of credit (see Note 8 - Debt to the unaudited condensed consolidated financial statements in this Quarterly Report on Form 10-Q).
Our floating rate debt interest is based on the floating 1-month SOFR plus a predetermined credit adjustment rate plus the bank spread.
4 unchanged sentences
We require significant quantities of diesel fuel for our vehicle fleet, and the inbound delivery of the products we sell is also dependent upon shipment by diesel-fueled vehicles.
−Removed: We currently are able to obtain adequate supplies of diesel fuel, and average prices in the third quarter of 2023 decreased in comparison to average prices in the same period of 2022, decreasing 15.4% on average.
+Added: Additionally, elevated fuel costs can negatively impact consumer confidence and discretionary spending and thus reduce the frequency and amount spent by consumers for food-away-from-home purchases.
+Added: We currently are able to obtain adequate supplies of diesel fuel, and average prices in the first quarter of 2024 decreased in comparison to average prices in the same period in 2023, decreasing 9.7% on average.
However, it is impossible to predict the future availability or price of diesel fuel.
4 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.