Risk Factors Update Summary
- The aggregate dollar amount of purchases from a supplier decreased from 25% to 11%.
- A putative class action lawsuit filed in April 2023 could result in additional legal costs.
- The number of shares beneficially owned by LKCM increased from 36 million to 77.8 million.
- Indebtedness increased from $417 million to $574 million as of December 31, 2023.
- Net operating loss carryforwards decreased from $24 million to $21 million for federal and from $28 million to $53 million for state.
- The Company's effective tax rate may be affected by changes in taxation laws.
- The Company's international operations are subject to new and additional legal and regulatory regimes.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=703604&owner=exclude
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