Risk Factors Update Summary
- Sales to the ten largest customers decreased from 48% to 47% of net sales.
- Assets held at financial institutions exceeding FDIC insurance coverage could negatively affect operations.
- Sales to customers outside the U.S. increased from 39% to 40% of net sales.
- Revenue negatively impacted by $4 million due to U.S. dollar strengthening against foreign currencies.
- Outstanding term loan decreased from $157.1 million to $148 million with reduced interest payments.
- Debt incurred for acquisitions may lead to adverse effects if expectations are not met.
- Available future borrowings increased from $26.4 million to $29 million under asset-based lending.
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=918541&owner=exclude
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