6 unchanged sentences
We have elected the fair value method of accounting and do not designate whether the derivative instrument is an effective hedge of an asset, liability or firm commitment.
−Removed: Changes in the fair values of derivative instruments are recognized in the consolidated statements of operations and comprehensive loss in the period incurred.
+Added: Changes in the fair values of derivative instruments are recognized in the consolidated statements of operations and comprehensive income (loss) in the period incurred.
+Added: Table of C o ntents
Interest Rate Risk
3 unchanged sentences
We are exposed to the market risk related to fluctuations in interest rates and market prices for our cash equivalents.
−Removed: We are also exposed to interest rate risk in connection with borrowings under our Amended 2019 Credit Agreement, which bear interest at a floating rate based on three-month SOFR plus an applicable borrowing margin.
−Removed: As of December 31, 2024, a 1.0% increase in interest rate would result in $5.9 million increase in total interest payable over the remaining life of the Amended 2019 Credit Agreement in the event we were to draw down the entire capacity of our revolving credit facility.
−Removed: For variable rate debt, interest rate changes generally do not affect the fair value of the Amended 2019 Credit Agreement, but impact future earnings and cash flows, assuming other factors are constant.
+Added: We are also exposed to interest rate risk in connection with borrowings under our 2025 Credit Agreement, which bear interest at a floating rate based on three-month SOFR plus an applicable borrowing margin.
+Added: As of December 31, 2025, a 1.0% increase in interest rate would result in a $12.0 million increase in total interest payable over the remaining life of the 2025 Term Loan, exclusive of any interest rate swap impact.
+Added: For variable rate debt, interest rate changes generally do not affect the fair value of the 2025 Credit Agreement, but impact future earnings and cash flows, assuming other factors are constant.
In the ordinary course of business, we may enter into contractual arrangements to reduce our exposure to interest rate risks, subject to any applicable limitations in our financing arrangements.
9 unchanged sentences
We do not believe that inflation has had a material effect on our results of operations during the periods presented herein.
+Added: Table of C o ntents
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.