4 unchanged sentences
We are subject to interest rate risk on our borrowings under our bank lines of credit.
−Removed: Consequently, our interest expense would fluctuate with changes in the general level of these interest rates if we were to borrow any amounts under the credit facility.
+Added: Consequently, our interest expense fluctuates with changes in the general level of these interest rates as we borrow under the credit facility.
Importance of International Markets
15 unchanged sentences
dollar relative to the local currency exchange rates would have resulted in a net decrease in our operating income of approximately $14 million in fiscal 2022.
−Removed: We do not believe that inflation has had a material impact on our results of operations.
+Added: Heightened levels of inflation continue to present risk for us.
+Added: We have experienced impacts to our materials and manufacturing costs and labor rates, and suppliers have signaled inflation-related cost pressures, which could flow through to our costs and pricing.
+Added: If inflation remains at current levels for an extended period, or increases, and we are unable to successfully mitigate the impact, our costs could increase, resulting in pressure on our profits and margins.
+Added: In addition, inflation and the increases in the cost of borrowing from rising interest rates could constrain the overall purchasing power of our customers for our products and services.
+Added: Rising interest rates also will increase our borrowing costs.
+Added: We remain committed to our ongoing efforts to increase the efficiency of our operations and improve the cost competitiveness of our products and services, which may, in part, offset cost increases from inflation.
Interest Rate Risk
2 unchanged sentences
Cash interest rate on convertible notes
+Added: Average interest rate
Finance lease obligations
Average interest rate of finance lease obligations
−Removed: At June 30, 2021, we had no borrowings under our revolving credit facility.
+Added: At June 30, 2022, we had $60 million of borrowings under our revolving credit facility and $50 million of term loan outstanding.
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.