3 unchanged sentences
We assess interest rate sensitivity to estimate the potential effect of rising short-term interest rates on our variable-rate debt.
−Removed: If short-term interest rates were 50 basis points higher during 2025 on our variable-rate debt, our results would reflect an incremental $4.7 million of interest expense for the nine months ended September 30, 2025.
+Added: If short-term interest rates were 50 basis points higher during 2026 on our variable-rate debt, our results would reflect an incremental $0.6 million of interest expense for the three months ended March 31, 2026.
Foreign Exchange
The following outlines the significant functional currencies of our revenue, highlighting where exposure to movements in foreign exchange impact our operations in international markets.
−Removed: Nine Months Ended September 30,
+Added: Three Months Ended March 31,
British pound 7 % 7
−Removed: Australian dollar 5 5
Revenue exposed to foreign exchange rates 36 % 36
4 unchanged sentences
For additional detail of the impact of foreign exchange rates on our results of operations, see Management's Discussion and Analysis of Financial Condition and Results of Operations included herein.
−Removed: We enter into forward foreign currency exchange contracts to manage currency risks associated with intercompany lending and cash management practices.
−Removed: See Note 7, Fair Value Measurements, in the Notes to the Consolidated Financial Statements for further discussion of our forward contracts.
+Added: We enter into cross-currency swaps and foreign currency forward contracts to manage currency risks associated with net investments in foreign operations and intercompany loan balances, respectively.
+Added: See Note 12, Foreign Currency Derivatives and Hedging, in the Notes to the Consolidated Financial Statements for further discussion of our cross-currency swaps and forward contracts.
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.