4 unchanged sentences
Foreign Currency
−Removed: In January 2023, the Company entered into a foreign currency hedging transaction to mitigate the risk of adverse changes in the USD/CAD exchange rate with respect to the pending acquisition of MRC.
−Removed: The Company entered into a forward contract to purchase CAD $25.0 million, as the Company anticipated providing additional working capital funding beyond the CAD $23.2 million purchase price for MRC.
−Removed: As the geographical scope of our business broadens, we may engage in additional foreign currency hedging transactions in the future.
−Removed: The Company has not entered into any foreign currency hedging transactions during the year ended December 31, 2024.
+Added: The Company has not entered into any foreign currency hedging transactions during the years ended December 31, 2025 or 2024.
+Added: As the geographical scope of our business broadens, we may engage in foreign currency hedging transactions in the future.
Interest Rates
−Removed: Our exposure to risk for changes in interest rates relates primarily to borrowings under the Amended Credit Agreement (which includes the Term Loans as well as our Line of Credit), and our investments in short-term financial instruments.
−Removed: As of December 31, 2024, the Company had $13,125 outstanding on the Term Loans and $0 under its Line of Credit.
+Added: Our exposure to risk for changes in interest rates relates primarily to borrowings under the Credit Agreement (which includes the Irwin Term Loan as well as our Line of Credit), and our investments in short-term financial instruments.
+Added: As of December 31, 2025 the Company had $39,102 outstanding on the Irwin Term Loan (of which $19,250 was swapped for a fixed rate, thereby eliminating interest rate variability on that portion of the loan) and $5,600 under its Line of Credit.
Investments of our cash balances in both fixed-rate and floating-rate interest-earning instruments carry some interest rate risk.
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.