5 unchanged sentences
The interest rates applicable to our asset-based senior secured revolving credit facility fluctuate with LIBOR rates.
−Removed: There was outstanding $99.7 million in borrowings under our asset-based senior secured revolving credit facility and $8.4 million outstanding on our equipment financing facilities as of April 2, 2022.
+Added: There was outstanding $105.4 million in borrowings under our asset-based senior secured revolving credit facility and $7.8 million outstanding on our equipment financing facilities as of October 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.
3 unchanged sentences
Exchange rate fluctuations among other currencies used by us would directly or indirectly affect our financial results.
−Removed: We currently use Mexican peso forward contracts to hedge foreign currency fluctuations for a portion of our Mexican peso denominated expenses.
−Removed: There was $6.7 million of foreign currency forward contracts outstanding as of April 2, 2022.
−Removed: The fair value of these contracts was $344,000.
−Removed: See Note 9 – “Derivative Financial Instruments” to the Consolidated Financial Statements for additional information regarding our derivative instruments.
+Added: From time to time, we use Mexican peso forward contracts to hedge foreign currency fluctuations for a portion of our Mexican peso denominated expenses.
+Added: As of October 1, 2022, the Company did not have any outstanding foreign currency forward contracts.
+Added: For the three months ended October 1, 2022, the Company did not enter into or settle any foreign currency forward contracts.
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.