2 unchanged sentences
Other than as noted below, our exposure related to market risk has not changed materially since June 27, 2021.
−Removed: All of the potential changes noted below are based on sensitivity analysis performed on our financial position as of September 26, 2021.
+Added: All of the potential changes noted below are based on sensitivity analysis performed on our financial position as of December 26, 2021.
Actual results may differ materially.
6 unchanged sentences
Market changes reflect immediate hypothetical parallel shifts in the yield curve of plus or minus 50 basis points (“BPS”), 100 BPS, and 150 BPS with a minimum interest rate of zero BPS.
−Removed: The hypothetical fair values as of September 26, 2021, were as follows:
+Added: The hypothetical fair values as of December 26, 2021, were as follows:
Valuation of Securities
1 unchanged sentence
Decrease of X Basis Points Fair Value
−Removed: September 26, 2021 Valuation of Securities
+Added: December 26, 2021 Valuation of Securities
Given an Interest Rate
2 unchanged sentences
(in thousands)
−Removed: Treasury and agencies $ 1,855 $ 1,855 $ 1,855 $ 1,849 $ 1,835 $ 1,821 $ 1,807
−Removed: Foreign government bonds 15,169 15,169 15,169 15,133 15,079 15,025 14,971
Corporate notes and bonds $ 302,750 $ 302,682 $ 302,345 $ 301,677 $ 300,944 $ 300,212 $ 299,479
3 unchanged sentences
The portfolio includes only marketable securities with active secondary or resale markets to achieve portfolio liquidity and maintain a prudent amount of diversification.
+Added: Equity Price Risk
+Added: The values of our investments in publicly traded securities, including mutual funds related to our obligations under our deferred compensation plans, are subject to market price risk.
+Added: The following table presents the hypothetical fair values of our publicly traded securities that would result from potential decreases and increases in the price of each security in the portfolio.
+Added: Potential fluctuations in the price of each security in the portfolio of plus or minus 10%, 15%, or 25% were selected based on potential near-term changes in those security prices.
+Added: The hypothetical fair values as of December 26, 2021, were as follows:
+Added: Valuation of Securities
+Added: Given an X Decrease
+Added: in Stock Price Fair Value
+Added: December 26, 2021 Valuation of Securities
+Added: Given an X Increase
+Added: in Stock Price
+Added: (25)% (15)% (10)% 0.00% 10% 15% 25%
+Added: (in thousands)
+Added: Corporate equities $ 37,225 $ 42,188 $ 44,670 $ 49,633 $ 54,596 $ 57,078 $ 62,041
+Added: Mutual funds 81,476 $ 92,339 $ 97,771 108,634 $ 119,497 $ 124,929 $ 135,793
+Added: Total $ 118,701 $ 134,527 $ 142,441 $ 158,267 $ 174,093 $ 182,007 $ 197,834
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.