5 unchanged sentences
however, assuming a constant balance available for investment, a 10% decline in interest rates would reduce our interest income but would not have a material impact on our consolidated financial position or results of operations.
−Removed: Subsequent to year end, on June 28, 2019, the Company made a $5.0 million principal payment on the Facility.
−Removed: Borrowings under the Facility bear interest at a rate per annum of either, at the Company’s option, (i) LIBO R plus a margin of 1.25% or 1.50% or (ii) an alternate base rate, plus margin of 0.25% or 0.50% with the applicable margin depending on the Company ’
−Removed: s consolidated leverage ratio.
+Added: Borrowings under the Facility bear interest at a rate per annum of either, at our option, (i) LIBO R plus a margin of 1.25% or 1.50% or (ii) an alternate base rate, plus margin of 0.25% or 0.50% with the applicable margin depending on our consolidated leverage ratio.
The alternate base rate is the highest of (i) Bank of America’s prime rate, (ii) the federal funds rate plus 0.50% and (iii) the Eurodollar rate plus 1.0%.
We are exposed to interest rate risk related to fluctuations in the LIBO R rate;
−Removed: at the current level of borrow ing as of May 25, 2019 of $43.0 million, a 10% change in interest rates would have resulted in approximately a $0.
−Removed: 2 million change in annual interest expense.
+Added: at the current level of borrow ing as of May 30, 2020 of $ 88.0 million, a 10% change in interest rates would have resulted in approximately a $ 0.2 million change in annual interest expense.
Foreign Currency Exchange Rate Risk.
−Removed: For the year ended May 25, 2019, approximately 21.
−Removed: 0 % of the Company’s revenues were generated outside of the United States.
+Added: For the year ended May 30, 2020 , approximately 19.1 % of our revenues were generated outside of the United States.
As a result, our operating results are subject to fluctuations in the exchange rates of foreign currencies in relation to the U.S.
6 unchanged sentences
Approximately 66.9 % of our fiscal year-end balances of cash and cash equivalents were denominated in U.S .
−Removed: The remaining amount of approximately 5 9 % was comprised primarily of cash balances translated from Euros, Mexican Pesos, British Pound Sterling and Chinese Y u an.
−Removed: The difference resulting from the translation each period of assets and liabilities of our non-United States based operations is recorded as a component of stockholders’
+Added: The remaining amount of approximately 3 3 .1% was comprised primarily of cash balances translated from Euros, Japanese Yen, Mexican Pesos, Chinese Yuan, and British Pound Sterling.
+Added: The difference resulting from the translation in each period of assets and liabilities of our non-United States based operations is recorded as a component of stockholders’
equity in other accumulated other comprehensive income or loss.
−Removed: Although we intend to monitor our exposure to foreign currency fluctuations, we do not currently use financial hedging techniques to mitigate risks associated with foreign currency fluctuations including in a limited number of circumstances when we may be asked to transact with our client in one currency but are obligated to pay our consultant in another currency.
+Added: Although we intend to monitor our exposure to foreign currency fluctuations, we do not currently use financial hedges to mitigate risks associated with foreign currency fluctuations including in a limited number of circumstances when we may be asked to transact with our client in one currency but are obligated to pay our consultant in another currency.
We cannot provide assurance that exchange rate fluctuations will not adversely affect our financial results 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.