12 unchanged sentences
Interest Rate Risk
−Removed: We may be subject to interest rate risk on variable rate debt under our ABL Credit Facility.
+Added: We may be subject to interest rate risk on variable rate borrowings under our ABL Credit Facility.
We do not currently engage in interest rate derivatives to hedge our interest rate risk.
−Removed: The impact of a 1% increase in interest rates on our variable rate debt would have resulted in an increase in interest expense and corresponding decrease in pre‑tax income of approximately $1.3 million , $0.7 million and $0.2 million , for the years ended December 31, 2019 , 2018 and 2017 , respectively.
+Added: The impact of a 1% increase in interest rates on our variable rate debt would have resulted in an increase in interest expense and corresponding (increase)/decrease in pre‑tax (loss)/income of approximately $0.4 million, $1.3 million and $0.7 million, for the years ended December 31, 2020, 2019 and 2018, respectively.
Financial instruments that potentially subject us to concentrations of credit risk are trade receivables.
2 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.