QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.
−Removed: While we had no variable rate borrowings at April 25, 2020 , we could be exposed to market risk from changes in interest rates if we incur variable rate debt in the future.
+Added: While we had no variable rate borrowings at April 24, 2021, we could be exposed to market risk from changes in risk-free interest rates if we incur variable rate debt in the future.
Based on our current and expected levels of exposed liabilities, management estimates that a one percentage point change in interest rates would not have a material impact on our results of operations for fiscal 2021.
2 unchanged sentences
In our Canadian wholesale business, we pay wages and other local expenses in Canadian Dollars.
−Removed: We recognize sales and pay wages and other
−Removed: local expenses related to our wholesale business in the United Kingdom in Great British Pounds, and our Canadian retail business in Canadian Dollars.
+Added: We recognize sales and pay wages and other local expenses related to our wholesale business in the United Kingdom in Great British Pounds, and our Canadian retail business in Canadian Dollars.
In Thailand, we pay wages and other local expenses in the Thai Baht.
10 unchanged sentences
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.