3 unchanged sentences
The risk of loss can be assessed from the perspective of adverse changes in fair values, cash flows and future earnings.
−Removed: We have established policies and procedures governing our management of market risks and the use of financial instruments to manage exposure to such risks.
−Removed: As of January 3, 2025, we had $713.7 million of interest bearing indebtedness outstanding under our 2022 Credit Facility.
+Added: We established policies and procedures governing our management of market risks and the use of financial instruments to manage exposure to such risks.
+Added: As of January 2, 2026, we had $680.8 million of interest-bearing indebtedness outstanding under our Amended Credit Agreement.
Based on the $180.8 million of variable interest rate indebtedness that was outstanding as of January 2, 2026, after giving effect to our interest rate swaps, a hypothetical 100 basis point increase or decrease in the interest rate would have resulted in an approximately $1.8 million increase or decrease in interest expense for the year ended January 2, 2026.
−Removed: As of January 3, 2025, our supplier-financed chassis on hand were $46.9 million.
+Added: As of January 2, 2026, our supplier-financed chassis on hand through the floor plan arrangements were $20.7 million.
A hypothetical 100 basis point increase or decrease in the interest rate would have resulted in an approximately $0.2 million increase or decrease in interest expense for the year ended January 2, 2026.
7 unchanged sentences
However, we may be exposed to greater exchange rate sensitivity in the future.
−Removed: Currently, we enter into short-term foreign currency swap contracts to mitigate our foreign currency exposure;
+Added: At times, we enter into short-term foreign currency swap contracts to mitigate our foreign currency exposure;
however, we may consider strategies to mitigate our foreign currency exposure further in the future if deemed necessary.
Credit and other risks
−Removed: We are exposed to credit risk associated with cash and cash equivalents, interest rate swap agreement and trade receivables.
+Added: We are exposed to credit risk associated with cash and cash equivalents, interest rate swap agreements and trade receivables.
As of January 2, 2026, the majority of our cash and cash equivalents consisted of cash balances in non-interest bearing checking accounts which significantly exceed the insurance coverage provided on such deposits.
−Removed: We do not believe that our cash equivalents and interest rate swap agreement present significant credit risks because the counterparties to the instruments consist of major financial institutions.
+Added: We do not believe that our cash equivalents and interest rate swap agreements present significant credit risks because the counterparties to the instruments consist of major financial institutions.
Substantially all trade receivable balances of our businesses are unsecured.
3 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.