6 unchanged sentences
We manage these risks through normal operating and financing activities.
−Removed: During the two fiscal quarters ended July 1, 2023, there have been no material changes, other than the interest rate swap discussed below, to the information included under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations— Quantitative and Qualitative Disclosures about Market Risk” in our Annual Report.
+Added: During the three fiscal quarters ended September 30, 2023, there have been no material changes, other than the interest rate swap discussed below, to the information included under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations— Quantitative and Qualitative Disclosures about Market Risk” in our Annual Report.
Interest Rate Risk
5 unchanged sentences
The swap had an effective date of May 18, 2020 and a termination date of May 18, 2023.
−Removed: In February of 2022, we amended our interest rate swap to change the index rate from LIBOR to SOFR in connection with the entry into the Credit Agreement.
+Added: In February 2022, we amended our interest rate swap to change the index rate from LIBOR to SOFR in connection with the entry into the Credit Agreement.
The interest rate swap was not designated as a hedging instrument for accounting purposes.
This swap was replaced by the swap discussed above.
−Removed: An increase or decrease of 1% in the effective interest rate, giving effect related to interest rate swaps, as of July 1, 2023, would cause an increase or decrease to annual interest expense, net of approximately $1.5 million.
+Added: An increase or decrease of 1% in the effective interest rate, giving effect related to interest rate swaps, as of September 30, 2023, would cause an increase or decrease to annual interest expense, net of approximately $1.4 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.