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.
−Removed: As of October 1, 2023, we had $189.1 million of borrowings subject to variable interest rates.
+Added: As of April 21, 2024, we had $167.9 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 $1.7 million on an annualized basis.
−Removed: The Company's restaurant menus are highly dependent upon a few select commodities, including ground beef, poultry, and potatoes.
+Added: We purchase food, supplies and other commodities for use in our operations based on prices established with our suppliers.
We may or may not have the ability to increase menu prices, or vary menu items, in response to commodity price increases.
1 unchanged sentence
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.