3 unchanged sentences
Interest rate risks
−Removed: Our exposure to market risk for changes in interest rates relates primarily to our investment portfolio and our revolving credit facility.
−Removed: The interest on our revolving credit agreement is based on the Secured Overnight Financing Rate (“SOFR”), for a one-, three- or six-month term, plus an adjustment of 0.10%, plus an applicable spread between 1.75% and 3.50%.
−Removed: Alternatively, at our option, we may pay interest based on a base rate plus an applicable spread between 0.75% and 2.50%.
−Removed: The base rate is the greater of the one-month Term SOFR Screen Rate two days prior plus 1.0%, the prime rate (as announced by Bank of America) or the federal funds rate plus 0.50%.
−Removed: The applicable spread is determined by our consolidated leverage ratio, as defined in the Revolving Credit Facility.
+Added: Our exposure to market risk for changes in interest rates relates primarily to our investment portfolio and our revolving credit agreement (“Revolving Credit Facility”).
Restricted cash, cash equivalents and investments consist principally of collateral that has been provided or pledged to insurance carriers for workers’ compensation and state workers’ compensation programs.
8 unchanged sentences
Restricted Cash, Cash Equivalents and Investments, to the consolidated financial statements included in Item 8 of this Annual Report on Form 10-K.
+Added: Long-term debt
+Added: We are subject to the risk of fluctuating interest rates under our Revolving Credit Facility, which bears interest at variable rates.
+Added: For additional information, see Note 8:
+Added: Long-Term Debt, to the consolidated financial statements included in Item 8 of this Annual Report on Form 10-K.
+Added: Based on the principal balance of our outstanding Revolving Credit Facility of $65.8 million as of December 28, 2025, a hypothetical 100 basis-point change in our current interest rates would result in interest expense fluctuating up to $0.7 million over a 12-month period.
Foreign currency exchange rate risk
4 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.