8 unchanged sentences
Some of our floating rate credit facilities contain minimum rates of interest to be charged.
−Removed: Based upon our interest-bearing balances and interest rates as of April 30, 2025, holding other variables constant, a one percentage point change in interest rates for the next 12-month period would have a positive or negative impact to the pre-tax earnings and cash flow by approximately $4.5 million.
−Removed: At April 30, 2025, we had floorplan payables of $769.6 million, of which approximately $447.9 million was variable-rate and $321.7 million was non-interest bearing.
−Removed: In addition, at April 30, 2025, we had total long-term debt, including finance lease obligations, of $211.2 million, primarily all of which was fixed rate debt.
+Added: Based upon our interest-bearing balances and interest rates as of July 31, 2025, holding other variables constant, a one percentage point change in interest rates for the next 12-month period would have a positive or negative impact to the pre-tax earnings and cash flow by approximately $4.6 million.
+Added: At July 31, 2025, we had floorplan payables of $852.2 million, of which approximately $457.5 million was variable-rate and $394.8 million was non-interest bearing.
+Added: In addition, at July 31, 2025, we had total long-term debt, including finance lease obligations, of $210.9 million, primarily all of which was fixed rate debt.
Foreign Currency Exchange Rate Risk
3 unchanged sentences
The Company attempts to manage its transactional foreign currency exchange rate risk through the use of derivative financial instruments, primarily foreign exchange forward contracts, or through natural hedging instruments.
−Removed: Based upon balances and exchange rates as of April 30, 2025, holding other variables constant, we believe that a hypothetical 10% increase or decrease in all applicable foreign exchange rates would not have a material impact on our results of operations or cash flows.
−Removed: As of April 30, 2025, our Ukrainian subsidiary had $1.0 million of net monetary assets denominated in Ukrainian hryvnia (“UAH”).
+Added: Based upon balances and exchange rates as of July 31, 2025, holding other variables constant, we believe that a hypothetical 10% increase or decrease in all applicable foreign exchange rates would not have a material impact on our results of operations or cash flows.
+Added: As of July 31, 2025, our Ukrainian subsidiary had $0.7 million of net monetary assets denominated in Ukrainian hryvnia (“UAH”).
We have attempted to minimize our net monetary asset position in Ukraine through reducing overall asset levels in Ukraine and at times through borrowing in UAH which serves as a natural hedging instrument offsetting our net UAH denominated assets.
6 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.