“INTEREST EXPENSE: Interest expense decreased by 1% in 2025 compared to 2024 primarily due to lower average debt balances, offset partially by higher interest rates, which are mitigated in part by the impact of interest rate swaps.”
“The change in cash (used in)/provided by financing activities during the nine months ended September 30, 2025 is primarily due to borrowings of $20,000 to fund the SNC acquisition during the first quarter of 2024 .”
“The cash used in investing activities in 2025 decreased as compared with 2024 due to $20,000 in cash paid for the acquisition of SNC in 2024, as well as a decrease in capital expenditures of $2,496.”