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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2026-02-12 compared with 2025-02-14 · 1 added, 1 removed, 19 unchanged (10% of the section changed)
17 unchanged sentences
However, our sensitivity to interest rate declines and the corresponding increase in the fair value of our debt portfolio would unfavorably affect earnings and cash flows only to the extent that we elected to repurchase or retire all or a portion of our fixed rate debt portfolio at prices above carrying values.
−Removed: At December 31, 2024, we had $206.3 million of variable rate borrowings on a term loan under our revolving credit facility.
+Added: At December 31, 2025, we had $285.3 million of variable rate borrowings under our revolving credit facility.
A 50 basis point increase or decrease in interest rates could have a $1.9 million impact on future pre-tax earnings under our current capital structure.
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.