2 unchanged sentences
See “Special Note Regarding Forward-Looking Statements and Projections” in “Part I” preceding “Item 1.
−Removed: Risk Factors.”
We are exposed to the impact of interest rate changes, changes in commodity prices and foreign currency fluctuations primarily related to the Canadian dollar.
2 unchanged sentences
Our objective in managing our exposure to interest rate changes is to limit the impact on our earnings and cash flows.
−Removed: Our policies prohibit the use of derivative instruments for trading purposes and we had no outstanding derivative instruments as of December 29, 2019 .
−Removed: Our long-term debt, including the current portion, aggregated $2,321.0 million as of December 29, 2019 (excluding unamortized debt issuance costs and the effect of purchase accounting adjustments).
+Added: Our policies prohibit the use of derivative instruments for trading purposes and we had no outstanding derivative instruments as of January 3, 2021.
+Added: Our long-term debt, including the current portion, aggregated $2,283.2 million as of January 3, 2021 (excluding unamortized debt issuance costs and the effect of purchase accounting adjustments).
The Company’s predominantly fixed-rate debt structure has reduced its exposure to interest rate increases that could adversely affect its earnings and cash flows.
−Removed: The Company is exposed to interest rate increases under its Series 2019-1 Class A-1 Notes;
−Removed: however, the Company had no outstanding borrowings under the Series 2019-1 Class A-1 Notes as of December 29, 2019 .
+Added: The Company is exposed to interest rate increases under its Series 2019-1 Class A-1 Notes and its 2020-1 Class A-1 Notes (collectively, the “Class A-1 Notes”), as well as its U.S.
+Added: advertising fund revolving line of credit;
+Added: however, the Company had no outstanding borrowings under the Class A-1 Notes or U.S.
+Added: advertising fund revolving line of credit as of January 3, 2021.
+Added: The Company has outstanding borrowings of C$2.5 million under a Canadian subsidiary’s revolving credit facility as of January 3, 2021, which bears interest at the Bank of Montreal Prime Rate.
+Added: An increase or decrease of 1.0% in the effective interest rate applied to the outstanding borrowings under our Canadian subsidiary’s revolving credit facility would not have a material effect on our consolidated results of operations.
See Note 12 of the Financial Statements and Supplementary Data contained in Item 8 herein for further information on the Company’s debt structure and its securitized financing facility.
+Added: In addition, LIBOR is expected to be discontinued after 2021.
+Added: If LIBOR is discontinued, we may need to renegotiate certain loan documents and we cannot predict what alternative index would be negotiated with our lenders or the resulting impact on our interest expense.
Commodity Price Risk
13 unchanged sentences
operations in U.S.
−Removed: Revenues from our Canadian operations for the year ended December 29, 2019 represented 5% of our total revenues.
−Removed: Accordingly, an immediate 10% change in Canadian dollar exchange rates versus the U.S.
−Removed: dollar from their levels at December 29, 2019 would not have a material effect on our consolidated financial position or results of operations.
+Added: Revenues from our Canadian operations for the year ended January 3, 2021 represented approximately 5% of our total revenues.
+Added: An immediate 10% change in Canadian dollar exchange rates versus the U.S.
+Added: dollar from their levels at January 3, 2021 would not have a material effect on our consolidated financial position or results of operations.
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.