1 unchanged sentence
Our earnings, cash flows and financial position are exposed to market risks relating to fluctuations in interest rates and foreign currency exchange rates.
−Removed: All of the potential changes noted below are based on information available at July 2, 2021.
+Added: All of the potential changes noted below are based on information available at October 1, 2021.
Interest Rate Risk
−Removed: Each one percentage point change associated with the variable rate Amended Term Loan would result in a $0.1 million change in our annual cash interest expenses, net of interest rate swaps in place as of July 2, 2021 to hedge a portion of this risk
+Added: Each one percentage point change associated with the variable rate Amended Term Loan would result in a $0.1 million change in our annual cash interest expenses, net of interest rate swaps in place as of October 1, 2021 to hedge a portion of this risk
Assuming our Amended Revolver was fully drawn to a principal amount equal to $270.0 million, each one percentage point change in interest rates would result in a $2.7 million change in our annual cash interest expense.
−Removed: As of July 2, 2021, the notional value of our interest rate swap agreements totaled $45.2 million.
+Added: As of October 1, 2021, the notional value of our interest rate swap agreements totaled $43.7 million.
The difference to be paid or received under the terms of the interest rate swap agreements is accrued as interest rates change and recognized as an adjustment to interest expense for the related debt in the period incurred.
7 unchanged sentences
Changes in the fair value of these forward contracts are recogni zed in earnings.
−Removed: As of July 2, 2021, the U.S.
+Added: As of October 1, 2021, the U.S.
dollar notional value of our outstanding foreign currency forward contracts was approximately $3.4 million.
2 unchanged sentences
This analysis assumes a like movement by the foreign currencies in our hedge portfolio against the U.S.
−Removed: As of July 2, 2021, a 5% appreciation in the value of the U.S.
+Added: As of October 1, 2021, a 5% appreciation in the value of the U.S.
dollar would result in a net decrease in the fair value of our derivative portfolio of approximately $0.2 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.