2 unchanged sentences
Our Inventory Financing Facility exposes us to risks caused by fluctuations in interest rates.
−Removed: The interest rate on our Inventory Financing Facility for new boats is calculated using the one-month LIBOR plus an
−Removed: applicable margin.
−Removed: Based on an outstanding balance of $124.0 million as of September 30, 2020, a change of 100 basis points in the underlying interest rate would have caused a change in interest expense of approximately $1.2 million.
−Removed: currently hedge our interest rate exposure.
−Removed: This hypothetical increase does not take into account a corresponding increase to the programs that we may receive from our manufacturers or management’s ability to curtail inventory and related floor
−Removed: plan balances, both of which would reduce the impact of the interest rate increase.
−Removed: Our Refinanced Credit Facility exposes us to risks caused by fluctuations in interest rates.
−Removed: The interest rate on our Refinanced Credit Facility is calculated using the one-month LIBOR (with a 0.75% floor) plus an
−Removed: applicable margin.
+Added: As of September 30, 2021, the interest rate on our Inventory Financing Facility for major unit inventory is
+Added: calculated using the one-month LIBOR plus an applicable margin.
+Added: Based on an outstanding balance of $114.2 million as of September 30, 2021, a change of 100 basis points in the underlying interest rate would have caused a change in
+Added: interest expense of approximately $1.1 million.
+Added: We do not currently hedge our interest rate exposure.
+Added: This hypothetical increase does not take into account a corresponding increase to the programs that we may receive from our
+Added: manufacturers or management’s ability to curtail inventory and related floor plan balances, both of which would reduce the impact of the interest rate increase.
+Added: Our Credit Facility exposes us to risks caused by fluctuations in interest rates.
+Added: The interest rate on our Credit Facility is calculated using the one-month LIBOR (with a 0.75% floor) plus an applicable
Based on an outstanding balance of $105.9 million and the one-month LIBOR as of September 30, 2021, an increase of 100 basis points in the underlying interest rate would have caused a change in interest expense of approximately
5 unchanged sentences
Although we purchase our inventories in U.S.
−Removed: dollars, our business is subject to foreign exchange rate risk that may influence
−Removed: manufacturers’ ability to provide their products at competitive prices in the United States.
−Removed: To the extent that we cannot recapture this volatility in prices charged to customers or if this volatility negatively impacts consumer demand for our
−Removed: products, this volatility could adversely affect our future operating results.
+Added: dollars, our business is subject to foreign exchange rate risk that may
+Added: influence manufacturers’ ability to provide their products at competitive prices in the United States.
+Added: To the extent that we cannot recapture this volatility in prices charged to customers or if this volatility negatively impacts consumer
+Added: demand for our products, this volatility could adversely affect our future operating results.
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.