4 unchanged sentences
The nature and amount of our debt may vary as a result of future business requirements, market conditions and other factors.
−Removed: A hypothetical 100 basis point increase or decrease in interest rates on total borrowings (continuing and discontinued operations) on our revolving credit facility and variable rate long-term debt, net of the impact of the interest rate swap, would have resulted in approximately a $1.0 million and $2.9 million increase or decrease in pre-tax income for the fiscal year ended June 30, 2021 and 2020, respectively.
+Added: A hypothetical 100 basis point increase or decrease in interest rates on total borrowings on our revolving credit facility and variable rate long-term debt, net of the impact of the interest rate swap, would have resulted in approximately a $1.1 million and $1.0 million increase or decrease in pre-tax income for the fiscal year ended June 30, 2022 and 2021, respectively.
We evaluate our interest rate risk and may use interest rate swaps to mitigate the risk of interest rate fluctuations associated with our current and long-term debt.
−Removed: At June 30, 2021 and 2020 we had $143.2 million and $247.0 million, respectively, in variable rate debt for both continuing and discontinued operations.
+Added: At June 30, 2022 and 2021 we had $271.2 million and $143.2 million, respectively, in variable rate debt.
In connection with the borrowings under the credit facility including potential future amendments or extensions of the facility, we entered into an interest rate swap with a notional amount of $100.0 million, with a $50.0 million tranche scheduled to mature on April 30, 2024 and a $50.0 million tranche scheduled to mature April 30, 2026.
18 unchanged sentences
Our foreign currencies are primarily Brazilian reais, British pounds and Canadian dollars.
−Removed: At June 30, 2021 and 2020 the fair value of our currency forward contracts were a net payable of less than $0.1 million.
+Added: At June 30, 2022 and 2021, the fair value of our currency forward contracts were a net asset or payable of less than $0.1 million.
Index to Financial Statements
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.