2 unchanged sentences
Interest Rates Risk
−Removed: The Company had $145.0 million in debt outstanding at December 28, 2019 related to the unsecured revolving credit facility and term loan.
+Added: During fiscal year 2020, the company borrowed $100.0 million from its revolving credit facility to preserve financial flexibility and enhance liquidity, given the increasing levels of uncertainty related to COVID-19.
+Added: On April 3, 2020, the Company amended the Credit Agreement to eliminate the $200.0 million unsecured term loan credit facility, with the remaining outstanding balance of $140.0 million repaid in full on April 3, 2020 through a new borrowing of $140.0 million under the recently amended revolving credit facility.
+Added: The Company made payments of $110.0 million on the amended revolving credit facility during the fiscal year 2020.
+Added: The balance under the facility was $130.0 million as of December 26, 2020 .
With variable interest rates, the Company is subject to future interest rate fluctuations in relation to these borrowings which could potentially have a negative impact on cash flows of the Company.
A prospective increase of 100 basis points in the interest rate applicable to the Company’s outstanding borrowings under its credit facility would result in an increase of approximately $1.3 million in annual interest expense.
+Added: This exposure would be partially if not fully offset by higher interest income from the Company's investments.
The Company is not party to any currency exchange or interest rate protection agreements as of December 26, 2020.
24 unchanged sentences
Consequently, there is a risk that a return to high prices for oil and electricity in 2021 could have a significant impact on the Company’s transportation and utility expenses.
−Removed: While the Company is exposed to significant changes in certain commodity prices and foreign currency exchange rates, the Company actively monitors these exposures and may take various actions from time to time to mitigate any negative impacts of these exposures.
+Added: Also due to the impact from COVID-19, freight costs increased significantly in 2020.
+Added: While the Company is exposed to significant changes in certain commodity prices and expects higher freight costs for most of 2021, the Company actively monitors these exposures and may take various actions from time to time to mitigate any negative impacts of these exposures.
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.