27 unchanged sentences
There were no active foreign currency derivative instruments as of December 29, 2024.
−Removed: During 2023, we recognized a $19.2 million decrease in our accumulated other comprehensive loss – foreign currency translation adjustment account compared with January 1, 2023, primarily due to the strengthening of the Euro against the U.S.
−Removed: dollar in 2023, partially offset by the weakening of the Australian dollar and Chinese Renminbi against the U.S.
+Added: During 2024, we recognized a $23.7 million increase in our accumulated other comprehensive loss – foreign currency translation adjustment account compared with fiscal year 2023, primarily due to the weakening of the Euro, Chinese Renminbi, and Australian dollar against the U.S dollar, partially offset by the strengthening of the British Pound sterling against the U.S.
Sensitivity Analysis
14 unchanged sentences
Fixed Rate — — — 300,000 300,000 294,738
−Removed: Our weighted average interest rate for our outstanding borrowings under the Facility as of December 31, 2023 and January 1, 2023 was 6.61% and 5.78%, respectively.
+Added: Our weighted average interest rate for our outstanding borrowings under the Facility as of December 29, 2024 and December 31, 2023 was 5.62% and 6.61%, respectively.
An increase in our effective interest rate of 1% on our variable rate debt would increase annual interest expense by approximately $0.1 million.
−Removed: We will continue to review our exposure to interest rate fluctuations and evaluate whether we should continue to manage such exposures through any future interest rate swap transactions.
+Added: We will continue to review our exposure to interest rate fluctuations and evaluate whether we should manage such exposures through any future interest rate swap transactions.
The carrying value of the Company’s borrowings under our Facility approximates fair value as the Facility bears variable interest rates that are similar to existing market rates.
3 unchanged sentences
As of December 29, 2024, a 10% decrease or increase in the levels of foreign currency exchange rates against the U.S.
−Removed: dollar, with all other variables held constant, would result in a decrease in the fair value of our short-term financial instruments (primarily cash, accounts receivable and accounts payable) of approximately $12.1 million or an increase in the fair value of our financial instruments of approximately $14.8 million, respectively.
+Added: dollar, with all other variables held constant, would result in a respective decrease or increase in the fair value of our financial instruments of $12.6 million.
As the impact of offsetting changes in the fair market value of our net foreign investments is not included in the sensitivity model, these results are not indicative of our actual exposure to foreign currency exchange risk.
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.