1 unchanged sentence
Interest Rate Risk
−Removed: As of June 30, 2021, all of our short-term debt bore interest at a variable rate, tied to LIBOR as a reference rate.
−Removed: Changes in the underlying LIBOR interest rate on our short-term debt could affect our earnings.
−Removed: 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 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.
+Added: We are exposed to risk from changes in interest rates on our outstanding indebtedness.
+Added: Changes in the underlying interest rates on our short-term borrowings and long-term debt, which have variable interest rates, could affect our earnings.
+Added: For example, a hypothetical 100 basis point increase in the interest rate would result in an increase of approximately $1.5 million in annual pre-tax interest expense.
+Added: This estimated increase is based upon the outstanding balance of our short-term borrowings and long-term debt as of December 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.
Foreign Currency Exchange Rate Risk
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.