Foreign Currency Our foreign currency exposure is limited and arises from transactions denominated in foreign currencies, particularly intercompany loans, as well as from translation of the results of operations from our Canadian and, to a lesser extent, United Kingdom and Continental Europe subsidiaries. However, fluctuations between U.S. and non-U.S. currency values may adversely affect our results of operations and financial position. We have not entered into any foreign exchange contracts to hedge changes in the Canadian dollar, British pound or euro. Foreign currency gains on intercompany loans were approximately $1.2 million for the three and six months ended June 30, 2026, respectively, and foreign currency gains on intercompany loans were approximately $5.6 million and $8.9 million for the three and six months ended June 30, 2025, respectively. Canadian currency translation positively affected net income by approximately $0.0 million and $1.0 million for the three and six months ended June 30, 2026, respectively. Currency translation of the euro positively affected net income by approximately $0.1 million and $0.5 million for the three and six months ended June 30, 2026, respectively. A 1% change in the month-end Canadian dollar exchange rate for the six months ended June 30, 2026 would have impacted foreign currency on intercompany loans by $2.1 million and net income by $1.6 million. A 1% change in the month-end euro exchange rate for the six months ended June 30, 2026 would have impacted foreign currency on intercompany loans by $0.6 million and net income by $0.5 million. A 1% change in the average Canadian dollar exchange rate for the three and six months ended June 30, 2026 would have impacted net income by approximately $0.3 million and $0.6 million, respectively. Currency exposure of our U.K. and European operations is not material to the results of operations. Interest Rates We are exposed to interest rate risk on our variable rate borrowings. Accordingly, interest rate fluctuations affect the amount of interest expense we are obligated to pay. We do not currently use interest rate contracts to manage our exposure to interest rate changes. A sensitivity analysis of the impact on our variable rate corporate debt instruments to a hypothetical 100 basis point increase in short-term rates (SOFR/CORRA) for the three and six months ended June 30, 2026 would have resulted in an increase in interest expense of approximately $1.4 million and $2.8 million, respectively.