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What changed 10-Q
Item 3. Quantitative and Qualitative Disclosures About Market Risk
2021-01-28 compared with 2020-10-21 · 0 added, 5 removed, 9 unchanged (36% of the section changed)
7 unchanged sentences
A 25-basis point change in interest rates would potentially increase or decrease our annual interest expense by approximately $0.1 million.
−Removed: We have in place an interest rate swap that converts a portion of our variable-rate debt into a fixed-rate obligation.
−Removed: The swap agreement began September 1, 2017 and will end on December 23, 2020.
−Removed: The notional amount of the swap agreement is currently $20 million through its end date.
−Removed: We have designated this swap as a cash flow hedge and have determined that it qualifies for hedge accounting treatment.
−Removed: Changes in fair value of the cash flow hedge are recorded in other comprehensive loss (net of tax) until income or loss from the cash flows of the hedged item is realized.
Other types of market risk, such as foreign currency risk, do not arise in the normal course of our business activities.
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.