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What changed 10-Q
Item 3. Quantitative and Qualitative Disclosures About Market Risk
2022-05-05 compared with 2021-11-02 · 1 added, 3 removed, 6 unchanged (40% of the section changed)
5 unchanged sentences
For additional information regarding our long-term borrowings see Note 5 to our Condensed Consolidated Financial Statements included herein.
−Removed: As of September 30, 2021, we had interest rate cap agreements to hedge a portion of our exposure to interest rate movements of our variable rate debt and to manage our interest expense.
−Removed: The notional amount of outstanding debt associated with interest rate cap agreements as of September 30, 2021 was $100.0 million.
−Removed: Based on our September 30, 2021 outstanding variable rate debt balance, a hypothetical 100 basis point increase in LIBOR interest rates related to our variable interest rate debt instruments would impact our annual interest expense by approximately $4.3 million.
+Added: Based on our March 31, 2022 outstanding variable rate debt balance, a hypothetical 100 basis point increase in LIBOR interest rates related to our variable interest rate debt instruments would impact our annual interest expense by approximately $2.3 million.
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.