What changed 10-Q

Item 3. Quantitative and Qualitative Disclosures About Market Risk

2026-08-12 compared with 2026-05-19 · 1 added, 1 removed, 14 unchanged (13% of the section changed)

4 unchanged sentences

The base rate is the highest of (a) the Prime Rate, (b) the Federal Funds Rate plus 0.5% per annum, or (c) one-month term SOFR plus 1.0% per annum.

As of April 19, 2026, we had $175.7 million of borrowings subject to variable interest rates.

As of July 12, 2026, we had $167.2 million of borrowings subject to variable interest rates.

A 1.0% change in the effective interest rate applied to these loans would have resulted in a pre-tax interest expense fluctuation of $1.7 million on an annualized basis.

8 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.