1 unchanged sentence
Interest Rate Risk
−Removed: As of March 31, 2021, all of our short-term debt bore interest at a variable rate, tied to LIBOR as a reference rate.
+Added: As of June 30, 2021, all of our short-term debt bore interest at a variable rate, tied to LIBOR as a reference rate.
Changes in the underlying LIBOR interest rate on our short-term debt could affect our earnings.
For example, a hypothetical 100 basis point increase in the interest rate on our short-term debt would result in an increase of approximately $0.1 million in annual pre-tax interest expense.
−Removed: This estimated increase is based upon the outstanding balance of our short-term debt as of March 31, 2021 and assumes no mitigating changes by us to reduce the outstanding balances and no additional interest assistance that could be received from vendors due to the interest rate increase.
+Added: This estimated increase is based upon the outstanding balance of our short-term debt as of June 30, 2021 and assumes no mitigating changes by us to reduce the outstanding balances and no additional interest assistance that could be received from vendors due to the interest rate increase.
Foreign Currency Exchange Rate Risk
9 unchanged sentences
If and when we do engage in foreign currency exchange hedging transactions, there can be no assurance that our strategies will adequately protect our operating results from the effects of exchange rate fluctuations.
−Removed: Additi onally, the Fraser Yachts Group and Northrop & Johnson have transactions and balances denominated in currencies other than the U.S .
+Added: Additionally, the Fraser Yachts Group and Northrop & Johnson have transactions and balances denominated in currencies other than the U.S.
Most of the transactions or balances for Fraser Yachts Group are denominated in euros.
2 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.