HOFT · All filings · Read this filing
What changed 10-Q
Item 3. Quantitative and Qualitative Disclosures About Market Risk
2024-06-07 compared with 2023-12-08 · 2 added, 2 removed, 25 unchanged (14% of the section changed)
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 29, 2023 other than standby letters of credit in the amount of $7.8 million.
−Removed: As of October 29, 2023, $23.2 million was outstanding under our term loans.
+Added: There was no outstanding balance under our revolving credit facility as of April 28, 2024 other than standby letters of credit in the amount of $6.7 million.
+Added: As of April 28, 2024, $22.5 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 $219,000.
18 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.