2 unchanged sentences
Our costs of food, merchandise and other revenues are influenced by inflation and fluctuations in global commodity prices.
−Removed: In addition, costs for construction, repairs and maintenance are all subject to inflationary pressures.
+Added: In addition, costs for construction, repairs and maintenance and labor are all subject to inflationary pressures.
Interest Rate Risk
3 unchanged sentences
We previously managed interest rate risk through the use of a combination of fixed-rate long-term debt and interest rate swaps that fixed a portion of our variable-rate long-term debt.
−Removed: In May 2020, our interest rate swap agreements expired, as such, we did not have any derivative instruments outstanding as of March 31, 2021.
+Added: In May 2020, our interest rate swap agreements expired, as such, we did not have any derivative instruments outstanding as of June 30, 2021.
We presently manage interest rate risk primarily by managing the amount, sources and duration of our debt funding.
−Removed: At March 31, 2021, approximately $1.5 billion of our outstanding long-term debt represents variable-rate debt.
+Added: At June 30, 2021, approximately $1.5 billion of our outstanding long-term debt represents variable-rate debt.
Assuming an average balance on our revolving credit borrowings of approximately $312.0 million, a hypothetical 100 bps increase in LIBOR would increase our annual interest expense by approximately $8.3 million.
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.