5 unchanged sentences
Interest Rate Risk
−Removed: We are exposed to interest rate risk on variable-rate borrowings under our 2022 Term Loan A, which had an outstanding balance of $203 million, and our revolving credit facilities, which had no amounts outstanding as of December 31, 2024.
+Added: We are exposed to interest rate risk on variable rate borrowings.
+Added: As of December 31, 2025, we had an outstanding balance of $191 million under our 2022 Term Loan A, and no amounts outstanding under our revolving credit facilities.
A 0.5% increase or decrease in our weighted average interest rate on our variable debt outstanding as of December 31, 2025, would result in an increase or decrease in our annual interest expense of approximately $1 million.
6 unchanged sentences
government as end-customer, we have limited foreign currency exposure.
−Removed: Currently our exposure is primarily with the Canadian dollar and limited to receivables owed of $27 million as of December 31, 2024.
A 10% fluctuation in exchange rates would not have a material impact on our financial statements.
3 unchanged sentences
These costs have impacted our profitability.
−Removed: Bids for longer-term firm-fixed price contracts typically include assumptions for labor and other cost escalations in amounts that have been sufficient to cover cost increases over the period of
+Added: Bids for longer-term firm-fixed price contracts typically include assumptions for labor and other cost escalations in amounts that have been sufficient to cover cost increases over the period of performance.
However, these costs could rise further and may not be mitigated.
1 unchanged sentence
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.