120 unchanged sentences
If we determine that our goodwill and intangible assets have become impaired, we may incur impairment charges, which would negatively impact our operating results.
−Removed: At March 31, 2022, we had $177.9 million of goodwill and intangible assets, net, on our consolidated balance sheets.
+Added: At June 30, 2022, we had $176.4 million of goodwill and intangible assets, net, on our consolidated balance sheets.
Goodwill represents the excess of cost over the fair value of net assets acquired in business combinations.
87 unchanged sentences
These interest rate adjustments could cause periodic fluctuations in our operating results and cash flows.
−Removed: Our annual debt service obligations increase by approximately $2.7 million per year for each 1% increase in the average interest rate we pay based on the $266.5 million balance of variable rate debt outstanding at December 31, 2021.
+Added: Our annual debt service obligations increase by approximately $2.8 million per year for each 1% increase in the average interest rate we pay based on the $281.5 million balance of variable rate debt outstanding at June 30, 2022.
If interest rates rise in the future, and, particularly if they rise significantly, interest expense will increase and our net income will be negatively affected.
73 unchanged sentences
We may not be able to quickly redeploy modular units returning from leases, which could negatively affect our financial performance and our ability to expand, or utilize, our rental fleet.
−Removed: As of March 31, 2022, 64% of our modular portfolio had equipment on rent for periods exceeding the original committed term.
+Added: As of June 30, 2022, 63% of our modular portfolio had equipment on rent for periods exceeding the original committed term.
Generally, when a customer continues to rent the modular units beyond the contractual term, the equipment rents on a month-to-month basis.
126 unchanged sentences
Oil and gas exploration and extraction (including use of tanks for hydraulic fracturing to obtain shale oil and shale gas) are subject to numerous local, state and federal regulations.
−Removed: In the three months ended March 31, 2022, oil and gas exploration and production accounted for approximately 6% of Adler Tanks’ rental revenues, and approximately 1% of the Company’s total revenues.
+Added: In the six months ended June 30, 2022, oil and gas exploration and production accounted for approximately 6% of Adler Tanks’ rental revenues, and approximately 1% of the Company’s total revenues.
The hydraulic fracturing method of extraction has come under scrutiny in several states and by the Federal government due to the potential adverse effects that hydraulic fracturing, and the liquids and chemicals used, may have on water quality and public health.
31 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.