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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2023-02-01 compared with 2022-02-02 · 1 added, 1 removed, 15 unchanged (12% of the section changed)
2 unchanged sentences
Our market risk exposure is primarily a result of fluctuations in foreign currency exchange rates and interest rates.
−Removed: We do not hold or issue financial instruments for trading purposes.
Foreign Currency Risk
7 unchanged sentences
If LIBOR interest rates had increased by 10% during the periods presented, the rate increase would have resulted in an immaterial increase to interest expense.
+Added: We are currently mitigating the impact of rising interest rates with prepayments of principal on our indebtedness and we believe our operating cash held primarily for working capital purpose is sufficient to cover our interest obligations.
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
2 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.