4 unchanged sentences
Although these existing investments are not considered at risk with respect to changes in interest rates or markets for these instruments, our rate of return on short-term investments could be affected at the time of reinvestment as a result of intervening events.
−Removed: As of September 26, 2021, Nathan’s cash and cash equivalents aggregated $86,756,000.
+Added: As of December 26, 2021, Nathan’s cash and cash equivalents aggregated $86,168,000.
Earnings on this cash would increase or decrease by approximately $215,000 per annum for each 0.25% change in interest rates.
−Removed: At September 26, 2021, we had $150,000,000 of 2025 Notes outstanding which are due in November 2025.
+Added: At December 26, 2021, we had $150,000,000 of 2025 Notes outstanding, including the current portion.
Interest expense on these borrowings would increase or decrease by approximately $375,000 per annum for each 0.25% change in interest rates.
1 unchanged sentence
Commodity Costs
−Removed: We do not believe that general inflation has materially impacted earnings.
+Added: Historically, we do not believe that general inflation has materially impacted earnings.
However, we have experienced significant volatility in our costs for our hot dogs and certain food products, distribution costs and utilities.
−Removed: Our average cost of hot dogs between April 2021 and September 2021 was approximately 6% higher than between April 2020 and September 2020.
−Removed: Beginning in July 2021, the cost of hot dogs increased significantly due to ongoing supply chain challenges associated with increased consumer demand as a result of the continued recovery from the COVID-19 pandemic which caused some delays and shortages.
−Removed: This trend continued during the summer months of August and September 2021.
+Added: Our average cost of hot dogs between April 2021 and December 2021 was approximately 14% higher than between April 2020 and December 2020.
+Added: Beginning in July 2021, the cost of hot dogs has increased significantly due to higher costs for beef and beef trimmings, labor, packaging and transportation, as well as supply chain challenges associated with increased consumer demand as a result of the continued recovery from the COVID-19 pandemic.
We are unable to predict the future cost of our hot dogs and expect to experience price volatility for our beef products during the remainder of fiscal 2022.
7 unchanged sentences
We have attempted to enter sales agreements with our customers that are correlated to our cost of beef, thus reducing our market volatility, or have passed through permanent increases in our commodity prices to our customers that are not on formula pricing, thereby reducing the impact of long-term increases on our financial results.
−Removed: A short-term increase or decrease of 10.0% in the cost of our food and paper products for the twenty-six week period ended September 26, 2021 would have increased or decreased our cost of sales by approximately $3,216,000.
+Added: A short-term increase or decrease of 10.0% in the cost of our food and paper products for the thirty-nine week period ended December 26, 2021 would have increased or decreased our cost of sales by approximately $4,714,000.
Foreign Currencies
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.