9 unchanged sentences
At December 31, 2021, we had $39.0 million in outstanding borrowings under our credit facility, with a weighted average ending interest rate of 2.38%.
−Removed: Also, we have entered into a series of receive-variable, pay-fixed interest rate swaps to hedge the variability in the interest payments on the aggregate principal amount of the term loan component of the credit facility outstanding.
−Removed: At inception, these interest rate swaps were designated as cash flow hedges for hedge accounting.
−Removed: Our objectives in managing interest rate risk are to lower our overall borrowing costs and limit interest rate changes on our earnings and cash flows.
−Removed: To achieve this, we closely monitor changes in interest rates and we utilize cash from operations to reduce our debt position, if warranted.
+Added: Based on the amounts outstanding under our credit facility as of December 31, 2021, a 100 basis-point increase in LIBOR (or an equivalent successor rate) would increase the Company’s annual interest expense by approximately $0.4 million.
+Added: FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
+Added: The information required by this Item 8 is submitted as a separate section beginning on page F-1 of this Annual Report on Form 10-K and is incorporated herein by reference.
+Added: CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
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.