8 unchanged sentences
Any increases in our outstanding indebtedness will amplify the effects of increased interest rates.
−Removed: As of June 30, 2024, the outstanding principal balance of $330.1 million on the Credit Agreement was subject to variable interest rates.
+Added: As of September 30, 2024, the outstanding principal balance of $353.8 million on the Credit Agreement was subject to variable interest rates.
Based upon a sensitivity analysis, a hypothetical 1% change in interest rates on our debt outstanding would change our annual interest expense by approximately $3.5 million.
Inflation Risk
−Removed: The inflation rate has been falling by some measures after reaching a nearly three decade high in 2022.
+Added: The inflation rate has been falling after reaching a nearly three decade high in 2022.
Although inflation has decreased, interest rates remain high and may continue to increase our interest expense and our operating costs as well as the operating costs of our franchisees.
1 unchanged sentence
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.