12 unchanged sentences
Interest Rate Risk
−Removed: We had total indebtedness of $133.1 million as of March 29, 2024, exclusive of $1.2 million in debt issuance costs, of which $7.5 million was due within 12 months.
−Removed: 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.
+Added: We had total indebtedness of $131.3 million as of June 28, 2024, exclusive of $1.1 million in debt issuance costs, of which $7.5 million was due within 12 months.
+Added: We do not enter into investments for trading or speculative purposes and have not used derivative financial instruments to manage our interest rate risk exposure.
We have not been, nor do we anticipate being exposed to, material risks due to changes in interest rates.
−Removed: As of March 29, 2024, the interest rate on our outstanding debt is based on BSBY, plus an applicable rate depending on our leverage ratio.
+Added: As of June 28, 2024, the interest rate on our outstanding debt is based on BSBY, plus an applicable rate depending on our leverage ratio.
A hypothetical 100 basis point change in the interest rate on our outstanding debt would have resulted in a $0.3 million change to interest expense during the quarter, or $1.3 million on an annualized basis.
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.