3 unchanged sentences
Information about the Company’s market risk is presented in Part II, Item 7A in its fiscal 2025 Annual Report on Form 10-K.
−Removed: There have been no material changes to the Company’s market risk during the first three months of fiscal 2026.
+Added: There have been no material changes to the Company’s market risk during the first six months of fiscal 2026.
Exchange Rate Risk
5 unchanged sentences
Changes in the fair value of these derivatives are largely offset by re-measurement of the underlying assets and liabilities.
−Removed: The Company did not have any foreign exchange forward contracts outstanding as of September 26, 2025.
+Added: The Company did not have any foreign exchange forward contracts outstanding as of December 26, 2025.
Certain of the Company’s international business are transacted in non-U.S.
2 unchanged sentences
The impact of translating the assets and liabilities of foreign operations to USD is included as a component of stockholders’ equity.
−Removed: As of September 26, 2025 and June 27, 2025, the cumulative translation adjustment decreased stockholders’ equity by $19.7 million and $18.8 million, respectively.
+Added: As of December 26, 2025 and June 27, 2025, the cumulative translation adjustment decreased stockholders’ equity by $18.6 million and $18.8 million, respectively.
Interest Rate Risk
3 unchanged sentences
Exposure on Cash Equivalents
−Removed: The Company had $64.8 million in total cash and cash equivalents as of September 26, 2025.
−Removed: Cash equivalents totaled $7.8 million as of September 26, 2025 and were comprised of money market funds and bank certificates of deposit.
+Added: The Company had $86.5 million in total cash and cash equivalents as of December 26, 2025.
+Added: Cash equivalents totaled $8.4 million as of December 26, 2025 and were comprised of money market funds and bank certificates of deposit.
Cash equivalents have been recorded at fair value.
6 unchanged sentences
Exposure on Borrowings
−Removed: The Company borrowed and repaid $25.0 million against the Revolver during the first three months of fiscal 2026 and had $15.0 million borrowings outstanding under the Revolver.
−Removed: As of September 26, 2025, the Company had $92.2 million outstanding under its Term Loan and during the first three months of fiscal 2026 borrowed $20.0 million and repaid $0.9 million against the Term Loan.
−Removed: As of September 26, 2025, the Company was in compliance with all financial covenants contained in the Credit Facility.
+Added: The Company borrowed and repaid $50.0 million against the Revolver during the first six months of fiscal 2026 and had $15.0 million borrowings outstanding under the Revolver.
+Added: As of December 26, 2025, the Company had $91.0 million outstanding under its Term Loan and during the first six months of fiscal 2026 borrowed $20.0 million and repaid $2.1 million against the Term Loan.
+Added: As of December 26, 2025, the Company was in compliance with all financial covenants contained in the Credit Facility.
The Company’s borrowings under the current Credit Facility bear interest at either:
2 unchanged sentences
The pricing levels for interest rate margins are determined based on the Consolidated Total Leverage Ratio as determined and adjusted quarterly.
−Removed: As of September 26, 2025, the applicable margin on Adjusted Term SOFR and Base Rate borrowings was 2.75% and 1.75%, respectively.
−Removed: The effective rate of interest on the outstanding Term Loan borrowings as of September 26, 2025 was 6.7%.
−Removed: A 10% change in interest rates is estimated to have a $0.6 million impact on annual interest expense on the Company’s outstanding long-term debt as of September 26, 2025.
+Added: As of December 26, 2025, the applicable margin on Adjusted Term SOFR and Base Rate borrowings was 2.75% and 1.75%, respectively.
+Added: The effective rate of interest on the outstanding Term Loan borrowings as of December 26, 2025 was 6.6%.
+Added: A 10% change in interest rates is estimated to have a $0.6 million impact on annual interest expense on the Company’s outstanding long-term debt as of December 26, 2025.
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.