9 unchanged sentences
Interest Rate Risk
−Removed: We are exposed to interest rate risk related to our indebtedness.
−Removed: At December 31, 2022, we had $130.0 million outstanding under our 2022 Credit Agreement.
−Removed: A hypothetical increase in the one-month SOFR by 1% (100 basis points) would increase our future interest expense by approximately $0.3 million per quarter.
+Added: Interest Income
+Added: Our interest income is sensitive to changes in the general level of interest rates.
+Added: As of December 30, 2023, a hypothetical 100 basis point change in interest rates would have resulted in less than $1.5 million change in interest income.
+Added: Interest Expense
+Added: We may be exposed to interest rate risk via the terms of our 2022 Credit Agreement, which specifies an interest rate on revolving loans that consists of a variable-rate of interest and an applicable margin.
+Added: While we have drawn from this credit facility in the past, we have no borrowings outstanding as of December 30, 2023.
+Added: If we borrow from the credit facility in the future, we will again be exposed to interest rate fluctuations.
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.