Risk Factors Update Summary
- Experienced inflationary cost increases in underlying expenses, including transportation and labor costs.
- Mitigated impacts of inflation and successfully integrated inflationary cost increases into business.
- Increased ocean freight voyage lead times for water dispenser shipments impacting branch locations.
- Undergoing strategic alternatives for remaining international businesses, potentially impacting diversification.
- Goodwill accounted for approximately $1.293 billion of recorded total assets as of December 30, 2023.
- Intangible assets with indefinite lives relate primarily to trademarks acquired, with an aggregate net book value of $381 million.
- Interest rates have risen significantly in 2022 and 2023, increasing debt service costs.
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=884713&owner=exclude
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