What changed 10-Q

Item 3. Quantitative and Qualitative Disclosures About Market Risk

2025-03-06 compared with 2024-12-04 · 1 added, 1 removed, 12 unchanged (14% of the section changed)

4 unchanged sentences

We have interest rate risk relative to our outstanding borrowings under our revolving credit facility.

At November 01, 2024, our outstanding borrowings totaled $230,000 under our 2022 Revolving Credit Facility (see Note 4 to the Condensed Consolidated Financial Statements).

At January 31, 2025, our outstanding borrowings totaled $174,000 under our 2022 Revolving Credit Facility (see Note 4 to the Condensed Consolidated Financial Statements).

In accordance with the 2022 Revolving Credit Facility, outstanding borrowings bear interest, at our election, either at (1) the Term Secured Overnight Financing Rate (SOFR) or (2) a base rate equal to the greatest of (i) the prime rate, (ii) a rate that is 0.5% in excess of the Federal Funds Rate, and (iii) Term SOFR plus 1.0%, in each case plus an applicable margin based on the Company’s consolidated total leverage ratio.

6 unchanged sentences

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.