5 unchanged sentences
Our outstanding debt bears interest at variable rates and accordingly is sensitive to changes in interest rates.
−Removed: Based upon the balances of the variable rate debt at April 30, 2021, a hypothetical 1.0% increase or decrease in interest rates could result in approximately $0.7 million of additional pretax charges or credit to our operating results per year.
−Removed: This sensitivity is impacted by the amount of borrowings under our credit facilities, and amounts outstanding under finance leases.
+Added: Based upon the balances of the variable rate debt at July 31, 2021, a hypothetical 1.0% increase or decrease in interest rates could result in approxi mately $0.6 million of additional pretax charges or credit to our net income per year.
+Added: This sensitivity is impacted by the amount of borrowin gs under our credit facilities, and amounts outstanding under finance leases.
Foreign Currency Rate Risk
1 unchanged sentence
From time to time, we enter into foreign exchange contracts associated with our operations to manage a portion of the foreign currency rate risk.
−Removed: There were no corresponding foreign currency derivatives recorded on the Condensed Consolidated Balance Sheet as of October 31, 2020 or April 30, 2021.
+Added: There were no corresponding foreign currency derivatives recorded on the Condensed Consolidated Balance Sheet as of October 31, 2020 or July 31, 2021.
These foreign currency derivative contracts hedge cross-border intercompany and commercial activity for our insulating glass spacer business.
18 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.