2 unchanged sentences
Our investment portfolio includes cash, cash equivalents and short-term investments.
−Removed: Our main investment objectives are the preservation of investment capital and the maximization of after-tax returns on our investment portfolio.
+Added: Our main investment objective is the preservation of investment capital.
Our interest income is sensitive to changes in the general level of U.S.
interest rates.
−Removed: A 100 basis point decline in yield on our investment portfolio holdings as of December 30, 2023 would decrease our future annual interest income by approximately $3.6 million.
+Added: A 100 basis point decline in yield on our investment portfolio holdings as of December 28, 2024 would decrease our future
+Added: annual interest income by approximately $3.0 million.
A 100 basis point decline in yield on our investment portfolio holdings as of December 30, 2023 would decrease our future annual interest income by approximately $3.6 million.
3 unchanged sentences
The interest rate on the credit facility consists of a variable-rate of interest and an applicable margin.
−Removed: As of December 30, 2023, we had $45.0 million outstanding under our credit facility.
−Removed: A 100 basis point increase in interest rates would increase our future annual interest rate expense by approximately $0.5 million.
+Added: While we have drawn from the credit facility in the past, we have no borrowings as of December 28, 2024.
+Added: If we borrow from the credit facility in the future, we will again be exposed to interest rate fluctuations.
Foreign currency exchange rate risk
10 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.