11 unchanged sentences
In order to manage interest rate risk, the Company will continue to monitor changes in its debt levels and access to capital ensuring interest rate risk is appropriately managed.
−Removed: At December 31, 2022, the Company's available variable rate debt consisted of borrowings under the Company's Credit Agreement, of which $ 91 million was outstanding on the revolving credit facility as of December 31, 2022 and was the only debt outstanding at year end.
−Removed: Effective December 8, 2022, borrowings under the revolving credit facility bore interest at a variable interest rate based upon, at the Company's option, at a rate equal to an additional margin plus (a) a base rate, (b) a daily simple SOFR rate, (c) a term SOFR rate or (d) for certain foreign currencies, a foreign current rate.
−Removed: Prior to December 8, 2022, borrowings under the revolving credit facility under the Company's Sixth Amended and Restated Credit Agreement bore interest at a variable interest rate based upon the LIBOR plus an additional margin.
−Removed: A hypothetical 1% increase or decrease in interest rates would have changed the Company's 2022 interest expense by $0.8 million.
+Added: At December 31, 2023, the Company's available variable rate debt consisted of borrowings under the Company's Credit Agreement, of which there was no outstanding indebtedness on the revolving credit facility as of December 31, 2023 and there was no other debt outstanding at year end.
+Added: Borrowings under the revolving credit facility during the year ended December 31, 2023 bore interest at a variable interest rate based upon, at the Company's option, at a rate equal to an additional margin plus (a) a base rate, (b) a daily simple SOFR rate, (c) a term SOFR rate or (d) for certain foreign currencies, a foreign current rate.
+Added: hypothetical 1% increase or decrease in interest rates would have changed the Company's 2023 interest expense by $0.4 million.
Foreign Exchange Risk
−Removed: The Company has foreign exchange risk due to the Company's international operations, primarily in Canada and Asia, and through sales to and purchases from foreign customers and vendors.
+Added: The Company has foreign exchange risk due to the Company's international operations, primarily in Canada, and through sales to and purchases from foreign customers and vendors.
Changes in the values of currencies of foreign countries affect the Company's financial position and cash flows when translated into U.S.
2 unchanged sentences
dollar revenue equivalents, and potentially the prices offered to overseas customers.
−Removed: Table of Co n tents
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.