3 unchanged sentences
Interest Rate Risk
−Removed: We had cash and cash equivalents totaling $468.9 million as of June 30, 2025.
+Added: We had cash and cash equivalents totaling $413.3 million as of September 30, 2025.
Our cash and cash equivalents are held for working capital purposes.
3 unchanged sentences
As losses due to changes in interest rates are generally not considered to be credit related changes, no losses in such securities are recognized due to changes in interest rates unless we intend to sell, it is more likely than not that we will be required to sell, we sell prior to maturity or we otherwise determine that all or a portion of the decline in fair value are due to credit related factors.
−Removed: As of June 30, 2025, a hypothetical 10% relative change in interest rates would not have had a material impact on the value of our cash equivalents or investment portfolio.
+Added: As of September 30, 2025, a hypothetical 10% relative change in interest rates would not have had a material impact on the value of our cash equivalents or investment portfolio.
Fluctuations in the value of our cash equivalents and investment portfolio caused by a change in interest rates (gains or losses on the carrying value) are recorded in other comprehensive income (loss) and are realized only if we sell the underlying securities prior to maturity.
−Removed: As of June 30, 2025 we are not exposed to interest rate risk on variable-rate borrowings based on the retirement of our debt commitments.
−Removed: As of June 30, 2025, we had no variable rate indebtedness.
−Removed: As of June 30, 2025, a hypothetical 10% relative change in interest rates would have resulted in an increase in interest expense to service our variable-rate debt of approximately $3.4 million.
+Added: As of September 30, 2025 we are not exposed to interest rate risk on variable-rate borrowings based on the retirement of our debt commitments.
+Added: As of September 30, 2025, we had no variable rate indebtedness and are therefore not subject to any hypothetical interest rate fluctuations.
We may decide in future periods to engage in hedging transactions to further mitigate the interest rate risk under our variable-rate borrowings.
7 unchanged sentences
In addition, fluctuations in foreign currencies could introduce volatility into our financial statements for contracts denominated in a foreign currency.
−Removed: As of June 30, 2025, a hypothetical 10% depreciation in the U.S.
+Added: As of September 30, 2025, a hypothetical 10% depreciation in the U.S.
dollar relative to the year-end foreign currencies under our contracts in place as of that date would have resulted in a reduction in our net sales of less than $1.0 million.
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.