Risk Factors Update Summary
- Workers' compensation reserves may increase due to healthcare wage inflation and medical advancements.
- Debt ratings from S&P and Moody's were repaid, no longer required for public debt issuance.
- Potential impairment of goodwill or indefinite lived intangible assets could impact results significantly.
- Investment portfolio shifted slightly, with 24% in state/municipal bonds and $454 million fair value.
- Revolving Credit Agreement amended to permit up to $300 million borrowings and $125 million term loan.
- Net deferred tax asset decreased to $186 million, with a net federal income tax payable of $4 million.
- Enhanced cybersecurity measures and AI usage present risks that could harm business operations.
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=1127703&owner=exclude
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