11 unchanged sentences
Generally, the fair market value of our interest rate swaps will decrease as interest rates fall and increase as interest rates rise.
−Removed: As of October 25, 2025, the Company had five interest rate swaps with an aggregate initial notional value of $ 99,975 to hedge the variable cash flows associated with variable-rate loans under the Company's Credit Facility.
+Added: As of January 24, 2026, the Company had five interest rate swaps with an aggregate initial notional value of $ 99,975 to hedge the variable cash flows associated with variable-rate loans under the Company's Credit Facility.
The interest rate swaps were executed for risk management and are not held for trading purposes.
2 unchanged sentences
The Company's derivatives qualify and have been designated as cash flow hedges of interest rate risk.
−Removed: The gain or loss on the derivative is recorded in Accumulated other comprehensive income and subsequently reclassified into interest expense in the same period during which the hedged transaction affects earnings.
−Removed: Amounts reported in Accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on the variable-rate loans.
−Removed: The Company reclassified $ 454 and $ 695 during the 13 weeks ended October 25, 2025 and October 26, 2024, respectively, from Accumulated other comprehensive income to Interest expense.
−Removed: The notional value of the interest rate swaps were $ 55,830 as of October 25, 2025.
−Removed: The fair value of interest rate swaps recorded in Other assets in the consolidated balance sheets is $ 4,737 as of October 25, 2025.
−Removed: At October 25, 2025, the Company held variable rate notes receivable due from Wakefern of $ 37,370 that earn interest at the prime rate plus .50 % and mature on August 15, 2027, $ 38,576 that earn interest at the prime rate plus .50 % and mature on September 28, 2027 and $ 37,369 that earn interest at the SOFR plus 2.25 % and mature on February 15, 2029.
+Added: The gain or loss on the derivative is recorded in accumulated other comprehensive income ("AOCI") and subsequently reclassified to interest expense in the same period during which the hedged transaction affects earnings.
+Added: Amounts reported in AOCI related to derivatives are reclassified to interest expense as interest payments are made on the variable-rate loans.
+Added: The Company reclassified $ 395 and $ 577 during the 13 weeks ended January 24, 2026 and January 25, 2025, respectively, and $ 849 and $ 1,272 for the 26 weeks ended January 24, 2026 and January 25, 2025, respectively from AOCI to interest expense.
+Added: The notional value of the interest rate swaps were $ 53,488 as of January 24, 2026.
+Added: The fair value of interest rate swaps recorded in other assets in the consolidated balance sheets was $ 4,977 as of January 24, 2026.
+Added: At January 24, 2026, the Company held variable rate notes receivable due from Wakefern of $ 38,078 that earn interest at the prime rate plus .50 % and mature on August 15, 2027, $ 39,307 that earn interest at the prime rate plus .50 % and mature on September 28, 2027 and $ 37,972 that earn interest at the SOFR plus 2.25 % and mature on February 15, 2029.
Changes in interest rates would impact the amount of interest income we realize on the variable rate notes receivable due from Wakefern.
1 unchanged sentence
Under certain conditions, the Company can require Wakefern to prepay the notes, although interest earned since inception would be reduced as if it was earned based on overnight money market rates as paid by Wakefern on demand deposits.
−Removed: Included in cash and cash equivalents at October 25, 2025 and July 26, 2025 are $ 99,723 and $ 92,003 , respectively, of demand deposits invested at Wakefern at overnight money market rates, which are exposed to the impact of interest rate changes.
+Added: Included in cash and cash equivalents at January 24, 2026 and July 26, 2025 are $ 129,427 and $ 92,003 , respectively, of demand deposits invested at Wakefern at overnight money market rates, which are exposed to the impact of interest rate changes.
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.