13 unchanged sentences
This amount includes, on an absolute basis, exposures to assets and liabilities held in currencies other than our local entities’ functional currencies.
−Removed: On a net basis, we had $41.0 million of foreign currency assets as of September 30, 2025.
+Added: On a net basis, we had $146.5 million of foreign currency assets as of March 31, 2026.
As currency rates change, these nonfunctional currency balances are revalued, and the corresponding adjustment is recorded in the income statement.
A hypothetical change of 10% in currency rates could result in an adjustment to the income statement of approximately $14.7 million.
−Removed: Actual results ma y differ from these estimates.
+Added: Ac tual results ma y differ from these estimates.
Interest Rate Risk
We are exposed to interest rate fluctuations with respect to our variable rate debt, depending on general economic conditions.
−Removed: On September 30, 2025, we had the following unhedged variable rate debt:
+Added: On March 31, 2026, we had the following unhedged variable rate debt:
(in thousands, except interest rates)
7 unchanged sentences
To manage interest rate risk, we may periodically enter into interest rate swap agreements to effectively fix the interest rates on variable debt to a specific rate for a period of time.
+Added: On April 15, 2026, the Company entered into USD and EUR forward starting interest rate swap agreements with starting dates of November 15, 2026 and November 14, 2026, respectively, and both with three-year terms.
+Added: These instruments are intended to replace the Company's existing interest rate swap agreements upon their maturity on those same dates and are entered into for the purpose of managing the Company's exposure to variability in cash flows attributable to changes in benchmark interest rates.
+Added: Changes in fair value during the forward period, from the trade date through the respective starting dates, will be recorded in other comprehensive income (loss).
Financial Instruments in the Notes to the Consolidated Financial Statements in Item 1, which is incorporated herein by reference.
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.