13 unchanged sentences
Interest Rate Risk
−Removed: We had total indebtedness of $202.3 million as of December 25, 2020, exclusive of $2.0 million in debt issuance costs, of which $8.8 million was due within 12 months.
−Removed: The outstanding amount of debt included elsewhere in this report is net of debt issuance costs.
+Added: We had total indebtedness of $295.0 million as of December 31, 2021, exclusive of $2.2 million in debt issuance costs, of which $7.5 million is due within 12 months.
We do not enter into investments for trading or speculative purposes and have not used any derivative financial instruments to manage our interest rate risk exposure.
We have not been exposed to, nor do we anticipate being exposed to, material risks due to changes in interest rates.
−Removed: The interest rate on our outstanding debt is based on LIBOR, the Prime Rate, or the Federal Funds Rate.
−Removed: A hypothetical 1% interest rate change on our outstanding debt would have resulted in a $2.0 million change to interest expense during 2020.
−Removed: FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
−Removed: The financial statements and supplementary financial information required to be filed under this Item 8 are presented beginning on page F‑1 in Part IV, Item 15 of this annual report on Form 10‑K and are incorporated herein by reference.
−Removed: CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
+Added: As of December 31, 2021, the interest rate on our outstanding debt is based on BSBY, plus an applicable rate depending on our leverage ratio.
+Added: A hypothetical 100 basis point change in the interest rate on our outstanding debt would have resulted in a $1.9 million and $2.0 million change to interest expense during 2021 and 2020, respectively.
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.