5 unchanged sentences
interest rates.
−Removed: A 100 basis point decline in yield on our investment portfolio holdings as of December 28, 2019 and December 29, 2018 would decrease our future annual interest income by approximately $6.6 million and $5.6 million, respectively.
+Added: Our investment portfolio holdings as January 2, 2021 yielded less than 100 basis points.
+Added: A decline in yield to zero basis points on our investment portfolio holdings as of January 2, 2021 would decrease our future annual interest income by approximately $5.2 million.
+Added: A 100 basis point decline in yield on our investment portfolio holdings as of December 28, 2019 would have decreased our future annual interest income by approximately $6.6 million.
We believe that our investment policy, which defines the duration, concentration, and minimum credit quality of the allowable investments, meets our investment objectives.
2 unchanged sentences
The interest rate on the credit facility consists of a variable-rate of interest and an applicable margin.
−Removed: While we have drawn from the Credit Facility in the past, we have no borrowings as of December 28, 2019.
+Added: While we have drawn from the credit facility in the past, we have no borrowings as of January 2, 2021.
If we borrow from the credit facility in the future, we will again be exposed to interest rate fluctuations.
8 unchanged sentences
Investments in Auction-rate Securities
−Removed: As of December 28, 2019, we held $6.0 million par value auction-rate securities, all of which have experienced failed auctions because sell orders exceeded buy orders.
+Added: As of January 2, 2021, we held $6.0 million par value auction-rate securities, all of which have experienced failed auctions because sell orders exceeded buy orders.
We are unable to predict if these funds will become available before their maturity dates.
−Removed: Additionally, if we determine that an other-than-temporary decline in the fair value of any of our available-for-sale auction-rate securities has occurred, we may be required to adjust the carrying value of the investments through an impairment charge.
+Added: Additionally, if we determine that a credit-related decline in the fair value of any of our available-for-sale auction-rate securities has occurred, we may be required to adjust the carrying value of the investments through an impairment charge.
Financial Statements and Supplementary Data
2 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.