Our exposure to market risk primarily relates to fluctuating interest rates under our Credit Agreement. Interest Rate Risk We are exposed to interest rate risk on our variable rate borrowings under our Credit Agreement, which bears interest at SOFR plus an applicable margin. Accordingly, interest rate fluctuations affect the amount of interest expense we are obligated to pay. We currently use an interest rate collar to manage our exposure to interest rate changes. We have designated the interest rate collar as a cash flow hedge for accounting purposes. Accordingly, the earnings impact of the collar is recorded upon the recognition of the interest related to the hedged debt. There was no significant ineffectiveness for the three months ended June 30, 2026. In June 2026, we entered into an interest rate collar with an initial notional amount of approximately $35.7 million (subject to amortization), effective June 30, 2026 and maturing July 23, 2030. The collar caps our exposure to SOFR at 4.250% and establishes a floor of 3.715%. The collar was entered into on a zero-cost basis, with no net premium paid or received. Taking our interest rate collar into account, a sensitivity analysis of the impact on our variable rate under our Credit Agreement to a hypothetical 100 basis point increase in SOFR for the three months ended June 30, 2026 would not have a material impact on the quarterly interest expense. To the extent SOFR exceeds the cap rate of 4.250%, the collar would offset the incremental interest cost above that level for the hedged notional amount.