3 unchanged sentences
Changes in the underlying interest rates on our short-term borrowings and long-term debt, which have variable interest rates, could affect our earnings.
−Removed: For example, a hypothetical 100 basis point increase in the interest rate would result in an increase of approximately $1.0 million in annual pre-tax interest expense.
−Removed: This estimated increase is based upon the outstanding balance of our short-term borrowings and long-term debt as of March 31, 2022 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: For example, a hypothetical 100 basis point, 200 basis point, or 300 basis point increase in the interest rate would result in an increase of approximately $1.4 million, $2.9 million, or $4.3 million in annual pre-tax interest expense.
+Added: These estimated increases are based upon the outstanding balance of our short-term borrowings and long-term debt as of June 30, 2022 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
5 unchanged sentences
Thus, such fluctuations in exchange rates ultimately may impact the amount of revenue, cost of goods sold, cash flows and earnings we recognize for such foreign products.
−Removed: We cannot predict the effects of exchange rate fluctuations on our operating results.
+Added: predict the effects of exchange rate fluctuations on our operating results.
In certain cases, we may enter into foreign currency cash flow hedges to reduce the variability of cash flows associated with forecasted purchases of boats and yachts from European-based and Chinese-based manufacturers.
−Removed: We are not currently engaged in foreign currency exchange hedging transactions to manage our foreign
−Removed: currency exposure.
+Added: We are not currently engaged in foreign currency exchange hedging transactions to manage our foreign currency exposure.
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.
4 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.