13 unchanged sentences
dollar, particularly the Brazil reais.
−Removed: Approximately 35% of our net sales during six months ended February 26, 2021 and February 28, 2020, originated in reais.
+Added: Approximately 32% and 35% of our net sales during nine months ended May 28, 2021 and May 29, 2020, respectively, originated in reais.
We present our condensed consolidated financial statements in U.S.
10 unchanged sentences
As a result, changes in foreign currency exchange rates impact our reported results.
−Removed: During the six months ended February 26, 2021 and February 28, 2020, we recorded $0.2 million and $2.1 million, respectively, of foreign exchange losses.
+Added: During the nine months ended May 28, 2021 and May 29, 2020, we recorded $1.2 million and $2.6 million, respectively, of foreign exchange losses.
Interest Rate Risk
−Removed: We are subject to interest rate risk in connection with our short-term debt under the Amended Credit Agreement and ABL Credit Agreement as of February 26, 2021.
−Removed: Although we did not have any revolving balances outstanding as of February 26, 2021, the revolving facilities under the Amended Credit Agreement and ABL Credit Agreement provide for borrowings of up to $150 million that would also bear interest at variable rates.
+Added: We are subject to interest rate risk in connection with our short-term debt under the Amended Credit Agreement and ABL Credit Agreement as of May 28, 2021.
+Added: As of May 28, 2021, we had a revolving balance of $25.0 million, however, the revolving facilities under the Amended Credit Agreement and ABL Credit Agreement provide for borrowings of up to $150 million that would also bear interest at variable rates.
Assuming that we will satisfy the financial covenants required to borrow and that the revolving loans under the Amended Credit Agreement and ABL Credit Agreement were fully drawn and other variables are held constant, each 1.0% increase in interest rates on our variable rate borrowings would result in an increase in annual interest expense and a decrease in our cash flow and income before taxes of $1.5 million per year.
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.