5 unchanged sentences
The interest rates applicable to our asset-based senior secured revolving credit facility fluctuate with LIBOR rates.
−Removed: There was outstanding $101.3 million in borrowings under our asset-based senior secured revolving credit facility and $9.5 million outstanding on our equipment financing facilities as of October 2, 2021.
+Added: There was outstanding $97.0 million in borrowings under our asset-based senior secured revolving credit facility and $9.0 million outstanding on our equipment financing facilities as of January 1, 2022.
See “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Capital Resources and Liquidity” and Note 4 – “Long-Term Debt” to the Consolidated Financial Statements for additional information regarding our revolving credit facility and term loans.
4 unchanged sentences
We currently use Mexican peso forward contracts to hedge foreign currency fluctuations for a portion of our Mexican peso denominated expenses.
−Removed: There was $19.1 million of foreign currency forward contracts outstanding as of October 2, 2021.
−Removed: The fair value of these contracts was $1.5 million.
+Added: There was $13.9 million of foreign currency forward contracts outstanding as of January 1, 2022.
+Added: The fair value of these contracts was $42,000.
See Note 9 – “Derivative Financial Instruments” to the Consolidated Financial Statements for additional information regarding our derivative instruments.
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.