RUSHA · All filings · Read this filing
What changed 10-Q
Item 3. Quantitative and Qualitative Disclosures About Market Risk
2021-08-06 compared with 2021-05-07 · 2 added, 2 removed, 4 unchanged (50% of the section changed)
2 unchanged sentences
We are exposed to market risk through interest rates related to our floor plan financing agreements, the Working Capital Facility, variable rate real estate debt and discount rates related to finance sales.
−Removed: The majority of floor plan debt and variable rate real estate debt is based on LIBOR.
−Removed: As of March 31, 2021, we had floor plan borrowings of approximately $550.3 million and variable interest rate real estate debt of approximately $39.0 million.
+Added: The majority of floor plan debt is based on LIBOR.
+Added: As of June 30, 2021, we had floor plan borrowings of approximately $470.9 million.
Assuming an increase or decrease in LIBOR of 100 basis points, annual interest expense could correspondingly increase or decrease by approximately $4.7 million.
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.