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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2025-02-28 compared with 2024-02-29 · 2 added, 2 removed, 7 unchanged (36% of the section changed)
1 unchanged sentence
Interest Rate Risk
−Removed: We are exposed to market risk for changes in interest rates applicable to our borrowings and short-term investments.
+Added: We are exposed to market risk for changes in interest rates applicable to our borrowings and investments in money market funds.
The Loan under the Credit Agreement accrues interest from and including the date the applicable advance is made but excluding the repayment date at a rate of the SOFR, plus 2.0% subject to a SOFR floor of 0.0%.
3 unchanged sentences
We do not enter into investments for trading or speculative purposes.
−Removed: A hypothetical 100 basis point change in interest rates applicable to the Loan under the Credit Agreement or with respect to our investment portfolio would not have had a material impact on the fair value of our portfolio for the periods presented.
+Added: A hypothetical 100 basis point change in interest rates applicable to the Loan under the Credit Agreement or with respect to our investment portfolio would not have had a material impact on the fair value of our portfolio for the periods presented and our future interest income and expense.
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.