Item 3. Quantitative and Qualitative Disclosures About Market Risk
ITEM 3.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.
We maintain an interest rate swap arrangement which is considered a derivative instrument. Our indebtedness as of March 31, 2023, was the outstanding balance of seller notes from our acquisitions of $7.0 million, and an
outstanding balance on our Credit Agreement of $185.2 million, which includes a term note with a balance of $147.2 million and $38.0 million drawn under our Revolving Facility. The Revolving Facility is subject to fluctuating interest rates. A 1%
change in the interest rate would yield an additional $0.4 million of interest expense. See Note 9 to the unaudited consolidated financial statements.
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Index
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