Risk Factors Update Summary
- Added focus on delivering premium member experiences and optimizing revenue per center membership.
- Mentioned a $7.5 million change in annual interest expense due to LIBOR to SOFR transition.
- Discussed the impact of staffing shortages on implementing business strategy and increasing labor costs.
- Highlighted the need to adapt to rapid technological changes to compete effectively.
- Noted the increase in leased properties from 156 to 165 and rent expense from $245 million to $275 million.
- Discussed the potential negative impact of stock market volatility on the trading price of common stock.
- Mentioned the change in federal and state net operating loss carryforwards from $393 million to $329 million.
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=1869198&owner=exclude
This content requires a 'Free' membership to view. Please create one here.
This content requires a 'Free' membership to view. Please create one here.