5 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 October 30, 2022 other than standby letters of credit in the amount of $8.6 million.
−Removed: However, as of October 30, 2022, $24.6 million was outstanding under our term loans.
+Added: There was no outstanding balance under our revolving credit facility as of April 30, 2023 other than standby letters of credit in the amount of $7.8 million.
+Added: As of April 30, 2023, $23.9 million was outstanding under our term loans.
A 1% increase in the BSBY rate would result in an annual increase in interest expenses on our terms loans of approximately $233,000.
4 unchanged sentences
Additionally, the cost of petroleum-based foam products we utilize are sensitive to crude oil prices, which vary due to supply, demand, and geo-political factors.
−Removed: Due to the Russian Invasion of Ukraine, there is a shortage of Russian Birch which was the third largest source of US hardwood plywood imports in 2021.
−Removed: A large portion of the plywood used at one division of our Domestic Upholstery segment is Russian Birch.
−Removed: We have been able to find an alternative plywood source and we believe this issue will be mitigated by early 2023.
−Removed: Currently, we have sufficient material to maintain production through the end of January 2023.
Currency Risk
12 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.