3 unchanged sentences
Interest Rate Risk
−Removed: Borrowings under our revolving credit facility and the Unsecured Term Loan bear interest based on LIBOR plus 1.5% and borrowings under the Secured Term Loan bear interest based on LIBOR plus 0.5%.
−Removed: 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 November 1, 2020, other than standby letters of credit in the amount of $4.3 million;
−Removed: however, as of November 1, 2020, $25.7 million was outstanding under our term loans.
−Removed: A 1% increase in the LIBOR rate would result in an annual increase in interest expenses on our terms loans of approximately $62,000.
+Added: Borrowings under the revolving credit facility bears interest based on LIBOR plus 1.0%.
+Added: As such, this debt instrument exposes us to market risk for changes in interest rates.
+Added: There was no outstanding balance under our revolving credit facility as of May 2, 2021, other than amounts reserved for standby letters of credit in the amount of $6.3 million.
Raw Materials Price Risk
We are exposed to market risk from changes in the cost of raw materials used in our domestic upholstery manufacturing processes;
−Removed: principally, wood, leather, fabric and foam products.
+Added: principally, wood, 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.