5 unchanged sentences
Ou r debt bears interest at variable rates and accordingly is sensitive to changes in interest rates.
−Removed: Based upon the balances of the variable rate debt at January 31, 2026 , a hypothetical 1.0% increase or decrease in interest rates could result in approximately $6.6 million of additional pretax charges or credit to our net income per year.
−Removed: This sensitivity pertains primarily to our outstanding revolving credit facility borrowings outstanding under the Credit Facility as of January 31, 2026.
+Added: Based upon the balances of the variable rate debt at April 30, 2026 , a hypothetical 1.0% increase or decrease in interest rates could result in approximately $6.6 million of additional pretax charges or credit to our net income per year.
+Added: This sensitivity pertains primarily to our outstanding revolving credit facility borrowings outstanding under the Credit Facility as of April 30, 2026.
Foreign Currency Rate Risk
3 unchanged sentences
Hedge accounting is not applied to our foreign exchange contracts.
−Removed: As of January 31, 2026, we have outstanding forward foreign exchange contracts to hedge our foreign currency exposures against the MXN to the USD, with a notional principal amount of $5.0 million .
−Removed: As of January 31, 2026, we have no outstanding forward foreign exchange contracts .
−Removed: During the three months ended January 31, 2026 and 2025, we recognized a net gain of $0.6 million and $0.1 million, res pectively, related to our forward foreign exchange contracts.
+Added: As of April 30, 2026, we had no outstanding forward foreign exchange contracts to hedge our exposure to foreign currency fluctuations, as contracts entered into earlier in the fiscal year matured and settled during the period.
+Added: As of April 30, 2025, we had outstanding forward foreign exchange contracts to hedge our foreign currency exposures against the U.S.
+Added: Dollar (“USD”) to Great British Pound (“GBP”), with a notional principal amount of $1.0 million, and foreign currency exposures against the Mexican Peso (“MXN”) to USD, with a notional principal amount of $10.0 million.
+Added: We recognized a loss of $0.3 million and a gain of $0.3 million related to our forward foreign exchange contracts during the three and six months ended April 30, 2026, respectively, and a gain of $0.5 million and $0.8 million for the comparable prior year periods.
+Added: The value of forward foreign exchange contracts fluctuates based on exchange rate fluctuations for currencies stated in the foreign exchange contracts.
Commodity Price Risk
18 unchanged sentences
Certain raw materials and commodities we use to manufacture our products are subject to tariffs.
−Removed: Currently, there is an uncertainty on how recently enacted tariffs and potential future tariffs may affect the price of these raw materials and commodities.
+Added: There is uncertainty regarding how recently enacted tariffs and potential future tariffs may affect the price of these raw materials and commodities.
We are constantly assessing potential supply chain vulnerability and implementing strategies (i.e.
−Removed: surcharges) to
−Removed: mitigate potential tariff impacts.
+Added: surcharges) to mitigate potential tariff impacts.
We are also utilizing local supply chains where possible to reduce supply and cost risks.
3 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.