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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2024-03-08 compared with 2023-03-10 · 2 added, 3 removed, 6 unchanged (45% of the section changed)
1 unchanged sentence
Interest Rates
−Removed: Our bank loan agreement provides available borrowing to us at variable interest rates.
+Added: Our credit agreement provides available borrowing at variable interest rates.
Our interest expense is impacted by the overall global economic and interest rate environment.
−Removed: The inflationary environment has also resulted in central banks raising short-term interest rates.
−Removed: Accordingly, future interest rate changes could potentially put us at risk for a material adverse impact on future earnings and cash flows.
+Added: Accordingly, an increase in interest rates could have a material adverse impact on our results of operations, financial position, or cash flows.
To mitigate the risks associated with future interest rate movements we have employed interest rate hedges to fix the rate on a portion of our outstanding borrowings for various periods.
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.