KLC — what changed in the latest 10-Q
A section-by-section comparison of KLC's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-13 vs the prior 10-Q · 2026-05-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +43 | −29 | ~22 | 28 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~3 | 0 |
| Legal proceedings | Text added/removed | 0 | 0 | ~2 | 1 |
| Risk factors | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-13
Average weekly ECE FTEs decreased by 6,013, or 4.0%, and 5,153, or 3.5%, for the three and six months ended July 4, 2026 as compared to the three and six months ended June 28, 2025, respectively, primarily due to lower FTEs at same-centers. The impact of center closures reduced average weekly ECE FT…
ECE same-center occupancy decreased by 240 basis points and 230 basis points for the three and six months ended July 4, 2026 as compared to the three and six months ended June 28, 2025, respectively, primarily due to lower enrollment. For the three and six months ended July 4, 2026, our center optim…
ECE same-center revenue decreased by $25.9 million, or 2.1%, for the six months ended July 4, 2026 as compared to the six months ended June 28, 2025. This decrease was driven by $29.6 million lower revenue from centers that were classified as same-centers as of both July 4, 2026 and June 28, 2025. A…
We operate as a single operating segment to reflect the way our chief operating decision maker reviews and assesses the performance of the business. Refer to Note 1 and Note 16 of our unaudited condensed consolidated financial statements, included elsewhere in this Quarterly Report on Form 10-Q, and…
The following table sets forth our results of operations including as a percentage of revenue for the three months ended July 4, 2026 and June 28, 2025 (in thousands, except per share data and percentages):
Text removed vs the prior filing · source: 10-Q · 2026-05-14
metric is used by management and we believe is useful to investors as it is the key driver of revenue generated and variable costs incurred in our operations.
Average weekly ECE FTEs for the three months ended April 4, 2026 decreased by 4,294, or 3.0%, as compared to the three months ended March 29, 2025 primarily due to lower FTEs at same-centers, partially offset by FTEs at new and acquired centers.
ECE same-center occupancy decreased by 310 basis points for the three months ended April 4, 2026 as compared to the three months ended March 29, 2025 primarily due to lower enrollment.
We operate as a single operating segment to reflect the way our chief operating decision maker reviews and assesses the performance of the business. Refer to Note 1 and Note 14 of our unaudited condensed consolidated financial statements, included elsewhere in this Quarterly Report on Form 10-Q, and…
The following table sets forth our results of operations including as a percentage of revenue for the three months ended April 4, 2026 and March 29, 2025 (in thousands, except per share data and percentages):
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice