Risk Factors Update Summary
- Increased insurance retention limit to $3.0 million per claim, with a $3.5 million corridor.
- Integration of CFI presents risks, including unexpected costs and complexities affecting operations.
- Elevated excess insurance coverage could lead to increased volatility in claims expenses.
- Experienced a slight softening in the used equipment market in 2022 and 2023.
- Goodwill increased to $322 million, and other intangible assets decreased to $98 million.
- Total deferred income tax liability decreased to $189 million from $207 million.
- Volatility in equity markets could impair financial position and M&A opportunities.
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=799233&owner=exclude
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