6 unchanged sentences
At the present time, we do not have any foreign currency exchange contracts to mitigate this risk.
−Removed: At December 31, 2024, a hypothetical 1% decline in the currency exchange rates between the U.S.
−Removed: dollar against these currencies, would have resulted in an annual increase of approximately $0.4 million in operating expenses.
+Added: On December 31, 2025, a hypothetical 1% decline in the currency exchange rates between the U.S.
+Added: dollar against the above-mentioned currencies, would have resulted in an annual increase of approximately $0.4 million in operating expenses.
Interest Rate Sensitivity.
5 unchanged sentences
We purchased the 2019 swaps to mitigate interest rate risk on a portion of our outstanding term loan debt, as described below.
−Removed: We can elect SOFR or Alternative Base Rate interest rate options on amounts outstanding under the Barclay's term loan.
−Removed: At December 31, 2024, after giving effect to the $400 million notional amount of our 2019 swaps, we had $470.6 million outstanding subject to a SOFR election on our Barclay's term loan, at an effective rate plus applicable margin of 6.77%.
−Removed: A hypothetical 1% increase in the SOFR rates under the Barclay's credit facility would result in an increase of $4.7 million in annual interest expense and a corresponding decrease in income before taxes.
+Added: We can elect SOFR or Alternative Base Rate interest rate options on amounts outstanding under the Barclays Term Loan.
+Added: On December 31, 2025, after giving effect to the $400 million notional amount of our 2019 swaps, we had $561.1 million outstanding subject to a SOFR election on our Barclays Term Loan, at an effective rate plus applicable margin of 6.07%.
+Added: A hypothetical 1% increase in the SOFR rates under the Barclays Credit Facility would result in an increase of $5.6 million in annual interest expense and a corresponding decrease in income before taxes.
We can elect SOFR or Base Rate interest rate options on amounts outstanding under the Truist Credit Facility.
−Removed: At December 31, 2024, we had $135.0 million outstanding subject to an adjusted SOFR election on our Trust term loan.
−Removed: At December 31, 2024, our effective SOFR rate plus applicable margin was 5.93%.
+Added: On December 31, 2025, we had $123.7 million outstanding subject to an adjusted SOFR election on our Truist Term Loan.
+Added: On December 31, 2025, our effective SOFR rate plus applicable margin was 5.27%.
A hypothetical 1% increase in the adjusted SOFR rates under the Truist Credit Facility would result in an increase of approximately $1.2 million in annual interest expense and a corresponding decrease in income before taxes.
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.