14 unchanged sentences
However, we have been successful in the past, and we expect to be successful in the future, in instituting price increases to pass on these material cost increases.
−Removed: The Company is exposed to trade tariffs with China.
−Removed: The Company monitors the impact of tariffs and actively works to mitigate this impact through material productivity actions and pricing strategies.
+Added: The Company is exposed to trade tariffs, and particularly those recently enacted by the current presidential administration.
+Added: The Company monitors the impact of tariffs and actively works to mitigate this impact through material productivity actions and pricing strategies, including tariff surcharges.
Foreign Currency Exchange Risk
16 unchanged sentences
As of March 31, 2025, the notional amount of this derivative was $72,040,000, and the contract matures on March 31, 2028.
−Removed: During fiscal 2022, the Company modified the cross currency swap by extending it to fiscal year 2028, matching the intercompany loan.
−Removed: The Company has concluded that the transaction to modify the cross currency swap, as well as the modified swap, maintained hedge accounting.
−Removed: The modified cross currency swap is considered to have an other than insignificant financing element.
−Removed: As such, its cash flows are classified within financing activities in the Statement of Cash Flows.
−Removed: From its March 31, 2024 balance of AOCL, the Company expects to reclassify approximately $148,000 out of AOCL, and into foreign currency exchange loss (gain), during the next 12 months based on the contractual payments due under this intercompany loan.
+Added: From its March 31, 2025 balance of accumulated other comprehensive gain (loss) "AOCL", the Company expects to reclassify approximately $36,000 out of AOCL, and into foreign currency exchange loss (gain), during the next 12 months based on the contractual payments due under this intercompany loan.
The Company has foreign currency forward agreements that are designated as cash flow hedges to hedge a portion of forecasted inventory purchases denominated in foreign currencies.
−Removed: As of March 31, 2024, the notional amount of these derivatives was $7,590,000, and all contracts mature by March 31, 2025.
+Added: As of March 31, 2025, the notional amount of these derivatives was $36,528,000, and all contracts mature by December 31, 2025.
From its March 31, 2025 balance of AOCL, the Company expects to reclassify approximately $27,000 out of AOCL during the next 12 months based on the expected sales of the goods purchased.
Interest Rate Risk
−Removed: The Company's policy is to maintain a capital structure that is comprised of 50-70% of fixed rate long-term debt and 30-50% of variable rate long-term debt.
−Removed: The Company has two interest rate swap agreements currently outstanding in which the Company receives interest at a variable rate and pays interest at a fixed rate.
−Removed: These interest rate swap agreements are designated as cash flow hedges to hedge changes in interest expense due to changes in the variable interest rate of the senior secured term loan.
−Removed: The amortizing interest rate swaps mature by February 28, 2025 and April 30, 2028 had a total notional amount of
−Removed: $346,434,000 as of March 31, 2024.
+Added: We are subject to interest rate risk in connection with the Term Loan B and the AR Securitization Facility and Revolving Credit Facility.
+Added: As of March 31, 2025, we had $437.6 million outstanding under the Term Loan B, $25.0 million outstanding on the AR Securitization Facility and no amounts outstanding under the Revolving Credit Facility.
+Added: The Term Loan, AR Securitization Facility and the Revolving Credit Facility each bear interest at variable rates.
+Added: The Company has entered into interest rate swap agreements which are designated as cash flow hedges to hedge changes in interest expense due to changes in the interest rate of the Company's variable interest rate debt.
+Added: The Company has five interest rate swap agreements outstanding in which it receives interest at a variable rate and pays interest at a fixed rate.
+Added: rate swaps have varying maturity dates between March 31, 2027 and March 23, 2029 with an aggregate notional amount of $355,000,000 as of March 31, 2025.
The effective portion of the changes in fair values of the interest rate swaps is reported in AOCL and will be reclassified to interest expense over the life of the swap agreements.
From its March 31, 2025 balance of AOCL, the Company expects to reclassify approximately $376,000 out of AOCL, and into interest expense, during the next 12 months.
+Added: An increase of 100 basis points in the variable rates on the Term Loan B, AR Securitization and the Revolving Credit Facility as of March 31, 2025 would have increased annual cash interest in the aggregate by approximately $1.1 million.
+Added: We cannot predict market fluctuations in interest rates and their impact on our debt, nor can there be any assurance that long-term fixed-rate debt will be available at favorable rates, if at all.
+Added: Consequently, future results may differ materially from estimated results due to adverse changes in interest rates.
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.