3 unchanged sentences
We do not enter into derivatives or other financial instruments for trading or speculative purposes.
−Removed: We enter into financial instruments, from time to time, to manage the impact of changes in foreign currency exchange rates and interest rates and to hedge a portion of future anticipated currency transactions.
+Added: We enter into financial
+Added: instruments, from time to time, to manage the impact of changes in foreign currency exchange rates and interest rates and to hedge a portion of future anticipated currency transactions.
The counterparties are primarily major financial institutions.
Interest Rate Risk
−Removed: We manage our interest rate risk by balancing the amount of our fixed rate and variable rate debt.
−Removed: To manage its exposure to variable interest rates in a cost-efficient manner, the Company enters into interest rate swaps in which the Company agrees to exchange, at specified intervals, the difference between fixed and variable interest amounts calculated by reference to an agreed-upon notional principal amount.
−Removed: The Company entered into an interest rate swap agreement to fix the interest rate on approximately 50% of the outstanding Term Loan Facility, which was an initial aggregate amount of $87.5 million thereby reducing exposure to interest rate changes.
−Removed: A change in our variable interest rate of 100 basis points for a full twelve-month period would have an approximate $0.7 million impact on interest expense assuming approximately 50% of our average fiscal 2024 variable-rate term loan debt had not been hedged via an interest rate swap agreement.
+Added: We are exposed to market risk related to changes in interest rates on our variable-rate debt.
+Added: As of December 31, 2025, we had floating rate debt outstanding of $94.5 million under our Term Loan Facility and of 16.8 million under our ABL Revolving Credit Facility.
+Added: A hypothetical change in interest rates of 100 basis points for a full twelve-month period would have an approximate $1.1 million impact on interest expense.
Foreign Currency Risk
7 unchanged sentences
Dollars at foreign currency exchange rates in effect as of the end of each period with the effect of such translation reflected as a separate component of stockholders’ equity.
−Removed: Accordingly, our stockholders’ investment will fluctuate depending upon the
−Removed: weakening or strengthening of the U.S.
+Added: Accordingly, our stockholders’ investment will fluctuate depending upon the weakening or strengthening of the U.S.
Dollar against the respective foreign currency.
7 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.