−Removed: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK, (continued)
+Added: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK:
+Added: The following discussion about the Company's market risk involves forward-looking statements.
+Added: Actual results could differ materially from those projected in the forward-looking statements.
+Added: The Company has market risk related to changes in interest rates, commodity prices and foreign currency exchange rates.
+Added: The Company does not generally use derivative financial instruments in connection with these market risks, except as noted below.
+Added: Interest Rates - The Company's most significant long-term instrument is the domestic credit facility.
+Added: dollar denominated debt under the domestic credit facility bears interest at variable rates based on SOFR (LIBOR for periods prior to March 2023).
+Added: The following table presents information related to interest rate contracts entered into by the Company and designated as cash flow hedges:
+Added: September 30, 2025 September 30, 2024
+Added: (Dollar amounts in thousands)
+Added: Pay fixed swaps - notional amount $ 225,000 $ 175,000
+Added: Weighted-average maturity period (years) 2.7 3.2
+Added: Weighted-average received rate 4.13 % 4.85 %
+Added: Weighted-average pay rate 3.80 % 3.83 %
+Added: The interest rate swaps have been designated as cash flow hedges of the future variable interest payments which are considered probable of occurring.
+Added: Based on the Company's assessment, all the critical terms of each of the hedges matched the underlying terms of the hedged debt and related forecasted interest payments, and as such, these hedges were considered highly effective.
The fair value of the interest rate swaps reflected a net unrealized loss of $2.3 million ($1.8 million after-tax) at September 30, 2025 that is included in equity as part of AOCI.
4 unchanged sentences
An adverse change (strengthening U.S.
−Removed: dollar) of 10% in exchange rates would have resulted in a decrease in reported sales of $65.0 million and a decrease in reported operating loss of $4.6 million for the year ended September 30, 2024.
+Added: dollar) of 10% in exchange rates would have resulted in a decrease in reported sales of $31.6 million and a decrease in reported operating income of $2.3 million for the year ended September 30, 2025.
As of September 30, 2025, the Company had cross currency swap contracts with an aggregate notional amount of $126.4 million designated as net investment hedges of foreign operations.
9 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.