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What changed 10-Q
Item 3. Quantitative and Qualitative Disclosures About Market Risk
2022-11-04 compared with 2022-08-05 · 2 added, 2 removed, 3 unchanged (57% of the section changed)
1 unchanged sentence
Interest Rate Risk
−Removed: The Company’s outstanding debt under its revolving credit facility was $481.4 million at June 30, 2022.
+Added: The Company’s outstanding debt under its revolving credit facility was $450.9 million at September 30, 2022.
Interest on borrowing under this facility is based on the greater of 4.5% or one month SOFR plus .10% and an applicable margin of 3.5%.
−Removed: Based on the outstanding balance at June 30, 2022, a change of 1.0% in the interest rate would cause a change in interest expense of approximately $4.8 million on an annual basis.
+Added: Based on the outstanding balance at September 30, 2022, a change of 1.0% in the interest rate would cause a change in interest expense of approximately $4.5 million on an annual basis.
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.