Recently adopted accounting pronouncements:

In September 2025, the Financial Accounting Standards Board issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which updates the accounting for internal-use software costs by replacing prescriptive development-stage guidance with a principles-based capitalization model and incorporating website development guidance into Subtopic 350-40. The Company early adopted this ASU effective January 1, 2026, on a prospective basis. The adoption of this ASU did not have a material effect on the Company’s consolidated financial statements.