1 unchanged sentence
We are exposed to market risk, including changes in interest rates.
−Removed: As of March 31, 2022, we are subject to interest rate risk on borrowings under the floating rate revolving credit facility provided by our Credit Agreement.
−Removed: A 100-basis-point increase in the interest rate would have resulted in an increase in interest expense on these borrowings of approximately $0.6 million during the three-month period ended March 31, 2022.
+Added: As of June 30, 2022, we are subject to interest rate risk on borrowings under the floating rate revolving credit facility provided by our Credit Agreement.
+Added: A 100-basis-point increase in the interest rate would have resulted in an increase in interest expense on these borrowings of approximately $1.4 million during the six-month period ended June 30, 2022.
Our foreign subsidiaries generally conduct business in local currencies.
7 unchanged sentences
Our largest exposures to commodity prices relate to metal and natural gas prices, which have fluctuated widely in recent years.
−Removed: During the three months ended March 31, 2022, we entered into an agreement to hedge foreign currency.
+Added: During the six months ended June 30, 2022, we entered into an agreement to hedge foreign currency.
The agreement will not have a material impact on the results of the Company.
1 unchanged sentence
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.