Big Lots 2012 Annual Report Download - page 119

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39
ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
We are subject to market risk from exposure to changes in interest rates on investments and on borrowings
under the 2011 Credit Agreement that we make from time to time. We had borrowings of $171.2 million
under the 2011 Credit Agreement at February 2, 2013. An increase of 1.0% in our variable interest rate on our
investments and expected future borrowings would not have a material effect on our financial condition, results
of operations, or liquidity.
Through the operations of Big Lots Canada, we are subject to market risks associated with foreign currency
exchange rate fluctuations between the Canadian Dollar and the U.S. Dollar. An increase or decrease of 1%
in foreign currency exchange rates would not have a material effect on our financial condition, results of
operations, or liquidity.