−Removed: Quantitative and Qualitative Disclosures A bout Market Risk
+Added: Quantitative and Qualitative Disclosures About Market Risk
We are exposed to various types of market risk in the normal course of our business, including the impact of interest rate changes, raw materials price risk and changes in foreign currency exchange rates, which could impact our results of operations or financial condition.
3 unchanged sentences
As such, these debt instruments expose us to market risk for changes in interest rates.
−Removed: There was no outstanding balance under our revolving credit facility as of May 3, 2020, other than standby letters of credit in the amount of $4.3 million;
−Removed: however, as of May 3, 2020, $28.2 million was outstanding under our term loans.
+Added: There was no outstanding balance under our revolving credit facility as of August 2, 2020, other than standby letters of credit in the amount of $4.3 million;
+Added: however, as of August 2, 2020, $27.2 million was outstanding under our term loans.
A 1% increase in the LIBOR rate would result in an annual increase in interest expenses on our terms loans of approximately $128,000.
1 unchanged sentence
We are exposed to market risk from changes in the cost of raw materials used in our domestic upholstery manufacturing processes;
−Removed: principally, wood, fabric and foam products.
+Added: principally, wood, leather, fabric and foam products.
Increases in home construction activity could result in increases in wood and fabric costs.
14 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.