6 unchanged sentences
We manage these risks through normal operating and financing activities.
−Removed: 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.
+Added: During the fiscal quarter ended March 30, 2024, there have been no material changes 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
3 unchanged sentences
The interest rate swap is not designated as a hedging instrument for accounting purposes.
−Removed: We had executed an interest rate swap on April 30, 2020.
−Removed: The swap had an effective date of May 18, 2020 and a termination date of May 18, 2023.
−Removed: 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.
−Removed: The interest rate swap was not designated as a hedging instrument for accounting purposes.
−Removed: 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 September 30, 2023, would cause an increase or decrease to annual interest expense, net of approximately $1.4 million.
+Added: An increase or decrease of 1% in the effective interest rate, giving effect related to interest rate swaps, as of March 30, 2024, would cause an increase or decrease to annual interest expense, net of approximately $1.3 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.