29 unchanged sentences
While over time our price exposure to copper is generally in balance, there can be a lag between the change in our cost and the pass-through to our customers, resulting in higher or lower margins in a given period.
−Removed: To mitigate this impact, we hedge a portion of this pricing risk.
We consign the majority of our copper inventory requirements.
13 unchanged sentences
We may also use interest rate swaps to fix the interest rate on variable rate obligations, as we deem appropriate.
−Removed: As of December 31, 2022 the fair value of our interest rate swap asset was $7.9 million.
+Added: As of December 31, 2023 the net fair value of our interest rate swaps were $5.4 million.
In February 2023 we amended the terms of the interest rate swap to hedge the change in 1-month USD-SOFR.
21 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.