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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2023-11-21 compared with 2022-11-22 · 2 added, 3 removed, 10 unchanged (33% of the section changed)
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
−Removed: Interest Rate Risk — We are exposed to interest rate risk on borrowings under our $150.0 million Variable Funding Notes and our $75.0 million revolving credit facility.
−Removed: As of October 2, 2022, we had outstanding variable rate borrowings of $50.0 million.
−Removed: A 100 basis point increase in the effective interest rate applied to these borrowings would result in additional interest expense of approximately $0.5 million on an annualized basis.
+Added: Interest Rate Risk — We would be exposed to interest rate risk on borrowings under our $150.0 million Variable Funding Notes and our $75.0 million revolving credit facility.
+Added: As of October 1, 2023, we had no outstanding variable rate borrowings.
Commodity Price Risk — The Company is also exposed to the impact of commodity and utility price fluctuations.
8 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.