4 unchanged sentences
Interest Rate Risk
−Removed: Our primary interest rate risk exposure is changing interest rates on our long-term debt.
−Removed: We had total outstanding debt of $92.4 million under our variable interest Senior Secured Term Loan as of March 31, 2021.
−Removed: Borrowings under the Senior Secured Term Loan bear interest at a rate per annum, at the Company’s option, equal to (a) the greater of (i) 3.00%, (ii) the Federal funds rate plus 0.50%, (iii) the LIBOR Rate based upon an interest period of 1 month plus 1.00%, and (iv) the Prime Rate as quoted by the Wall Street Journal, plus an applicable margin of 9.00% or (b) LIBOR Rate plus an applicable margin of 10.00%.
−Removed: Interest on the Senior Secured Term Loan is payable quarterly beginning in the fiscal quarter ended March 31, 2021 under the terms of our amended Senior Secured Term Loan.
−Removed: As of March 31, 2021, we did not have any borrowings on our Amended PNC Credit Facility.
−Removed: Based on the amount outstanding, a 100-basis point increase or decrease in market interest rates as of March 31, 2021 would not result in a change to our annual interest expense.
+Added: We are subject to interest rate risk on borrowings under our variable interest rate term debt and PNC Credit Facility.
+Added: Debt to our consolidated financial statements for a description of our long term debt.
+Added: Changes in the market interest rate will increase or decrease our interest expense.
+Added: Assuming no change in the outstanding borrowings under the term debt and the PNC Credit Facility during fiscal 2023, a hypothetical 100-basis point increase or decrease in market interest rates sustained throughout the year would not result in a material change to our annual interest expense.
Our other long-term debt related to lease obligations have fixed interest rates and terms, and as such, we consider the associated risk to our results of operations from changes in market rates of interest applied to our lease obligations to be minimal.
8 unchanged sentences
Our goal in managing our foreign exchange risk is to reduce to the extent practicable our potential exposure to the changes that exchange rates might have on our earnings.
−Removed: Inflation Risk
−Removed: Based on our analysis of the periods presented, we believe that inflation has not had a material effect on our operating results.
−Removed: There can be no assurance that future inflation will not have an adverse impact on our operating results and financial condition.
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.