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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2024-02-27 compared with 2023-03-01 · 3 added, 3 removed, 14 unchanged (30% of the section changed)
7 unchanged sentences
monetary and tax policies, U.S.
−Removed: and international economic factors and other factors beyond our control.
−Removed: Our Credit Agreement bears interest at a floating rate equal to the lesser of LIBOR plus 1.5% or ABR plus 0.5%.
−Removed: As of December 31, 2022, we had no outstanding debt under the Credit Agreement.
+Added: and international economic factors and other factors beyond our co ntrol.
+Added: Our Credit Agreement bears interest at a base rate plus applicable margin, with the base rate being the higher of the Prime Rate or the Federal Funds Rate plus 0.50%.
+Added: In no event will the base rate be less than 1.0% A s of December 31, 2023, the Company had no outstanding debt under the Credit Agreement.
Inflation Risk
5 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.