8 unchanged sentences
Our ABL Credit Facility bears interest at a floating rate equal to the prime rate or LIBOR, plus a calculated spread based on our average excess availability under the facility.
−Removed: As of July 30, 2022, we had $283.9 million in borrowings under our ABL Credit Facility.
+Added: As of October 29, 2022, we had $265.0 million in borrowings under our ABL Credit Facility.
A 10% change in the prime rate or LIBOR interest rates would not have had a material impact on our interest expense.
Our Term Loan bears interest, payable monthly, at (a) the LIBOR Rate plus 2.50% for any portion that is a LIBOR loan, or (b) the base rate plus 1.75% for any portion that is a base rate loan.
−Removed: As of July 30, 2022, the outstanding balance of the Term Loan was $50.0 million.
+Added: As of October 29, 2022, the outstanding balance of the Term Loan was $50.0 million.
A 10% change in the three month LIBOR Rate would not have had a material impact on our interest expense.
1 unchanged sentence
Assets and liabilities outside the United States are primarily located in Canada and Hong Kong, where our investments in our subsidiaries are considered long-term.
−Removed: As of July 30, 2022, net assets in Canada and Hong Kong amounted to $46.9 million.
+Added: As of October 29, 2022, net assets in Canada and Hong Kong amounted to $40.0 million.
A 10% increase or decrease in the Canadian and Hong Kong foreign currency exchange rates would increase or decrease the corresponding net investment by $4.0 million.
All changes in the net investments in our foreign subsidiaries are recorded in other comprehensive income.
−Removed: As of July 30, 2022, we had $21.7 million of our cash and cash equivalents held in foreign subsidiaries, of which $11.3 million was in Hong Kong and $5.9 million was in Canada.
+Added: As of October 29, 2022, we had $14.3 million of our cash and cash equivalents held in foreign subsidiaries, of which $2.1 million was in Hong Kong and $7.9 million was in Canada.
Foreign Operations
1 unchanged sentence
As a result, fluctuations in exchange rates impact the amount of our reported sales and expenses.
−Removed: Assuming a 10% change in foreign currency exchange rates, the Second Quarter 2022 net sales would have decreased or increased by approximately $6.6 million, and total costs and expenses would have decreased or increased by approximately $8.1 million.
+Added: Assuming a 10% change in foreign currency exchange rates, the Third Quarter 2022 net sales would have decreased or increased by approximately $11.2 million, and total costs and expenses would have decreased or increased by approximately $13.4 million.
Additionally, we have foreign currency denominated receivables and payables that, when settled, result in transaction gains or losses.
3 unchanged sentences
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.