Quantitative and Qualitative Disclosures About Market Risk.
−Removed: Interest Rate Risk
−Removed: We are exposed to interest rate risk through fluctuations in interest rates on our debt obligations.
−Removed: Our Credit Facility carries interest at a floating rate.
−Removed: We seek to manage exposure to adverse interest rate changes through our normal operating and financing activities.
−Removed: As of May 31, 2020, we had no outstanding borrowings under the Credit Facility.
Commodity and Food Price Risks
Our profitability is dependent on, among other things, our ability to anticipate and react to changes in the costs of key operating resources, including food and beverage and other commodities.
−Removed: We have been able to partially offset cost increases resulting from a number of factors, including market conditions, shortages or interruptions in supply due to weather or other conditions beyond our control, governmental regulations and inflation, by increasing our menu prices, as well as making other operational adjustments that increase productivity.
+Added: We have been able to partially offset cost increases resulting from a number of factors, including market conditions, shortages or interruptions in supply due to weather or other conditions beyond our control, governmental regulations and inflation, by increasing our menu prices, as well as making other operational adjustments that
+Added: increase productivity.
However, substantial increases in costs and expenses could impact our operating results to the extent that such increases cannot be offset by menu price increases or operational adjustments.
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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.