−Removed: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
−Removed: operating results are subject to risk from interest rate fluctuations on the outstanding borrowings under our 2020 Credit Agreement.
−Removed: Our term loan and revolving line of credit both bear interest at variable rates, which exposes us to market risks relating to changes
−Removed: in interest rates.
−Removed: Interest rate risk is highly sensitive due to many factors, including U.S.
+Added: QUANTITATIVE AND QUALITATIVE DISCLOSURES
+Added: ABOUT MARKET RISK
+Added: Interest Rate Risk
+Added: Our operating results are subject
+Added: to risk from interest rate fluctuations on the outstanding borrowings under our 2020 Credit Agreement.
+Added: Our term loan and revolving line
+Added: of credit both bear interest at variable rates, which exposes us to market risks relating to changes in interest rates.
+Added: Interest rate
+Added: risk is highly sensitive due to many factors, including U.S.
monetary and tax policies, U.S.
−Removed: and international
−Removed: economic factors and other factors beyond our control.
−Removed: As of March 31, 2022, we had $39.7 million of variable rate debt outstanding
−Removed: under our term loan.
−Removed: We had no borrowings outstanding under our revolving line of credit as of March 31, 2022.
−Removed: An increase of 100 basis
−Removed: points in the effective interest rate on our outstanding debt at March 31, 2022 would result in an increase in interest expense of approximately
−Removed: $0.4 million over the next 12 months.
−Removed: We do not use derivative financial instruments for speculative or trading purposes, but this
−Removed: does not preclude our adoption of specific hedging strategies in the future.
+Added: and international economic factors and other
+Added: factors beyond our control.
+Added: As of June 30, 2022, we had $39.7 million of variable rate debt outstanding under our term loan.
+Added: no borrowings outstanding under our revolving line of credit as of June 30, 2022.
+Added: An increase of 100 basis points in the effective
+Added: interest rate on our outstanding debt at June 30, 2022 would result in an increase in interest expense of approximately $0.4 million over
+Added: the next 12 months.
+Added: We do not use derivative financial instruments for speculative or trading purposes, but this does not preclude
+Added: our adoption of specific hedging strategies in the future.
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.