What changed 10-Q

Item 3. Quantitative and Qualitative Disclosures About Market Risk

2023-11-03 compared with 2023-08-17 · 1 added, 1 removed, 7 unchanged (22% of the section changed)

2 unchanged sentences

We continue to monitor our interest rate risk on an ongoing basis and may use interest rate swaps or similar instruments in the future to manage our exposure to interest rate changes related to our borrowings as the Company deems appropriate.

As of July 9, 2023, we had $197.5 million of borrowings subject to variable interest rates.

As of October 1, 2023, we had $189.1 million of borrowings subject to variable interest rates.

A 1.0% change in the effective interest rate applied to these loans would have resulted in pre-tax interest expense fluctuation of $1.9 million on an annualized basis.

3 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.