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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2025-03-04 compared with 2024-03-05 · 2 added, 2 removed, 31 unchanged (11% of the section changed)
18 unchanged sentences
Interest Rate Risk
−Removed: We are exposed to interest rate risk, primarily associated with our Wells Fargo Revolving Credit Facility and Financing Agreement.
−Removed: As of December 31, 2023, the Company had no debt outstanding under the Wells Fargo Revolving Credit Facility, with a weighted average interest rate of 7.0%.
+Added: We are exposed to interest rate risk, primarily associated with our Wells Fargo Revolving Credit Facility, to fund operations.
+Added: As of December 31, 2024, the Company did not have any borrowings under the Wells Fargo Revolving Credit Facility and therefore a hypothetical 1.0% increase or decrease in the weighted average interest rate would increase or decrease interest expense by less than $0.1 million per year.
We do not currently hedge our interest rate exposure.
11 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.