4 unchanged sentences
Our Class B Common Stock does not trade publicly.
−Removed: As of December 31, 2021, there was 1 holder of Class B Common Stock.
+Added: As of December 31, 2022, there were no outstanding Class B shares.
Dividends are paid equally on shares of each class.
11 unchanged sentences
$ 69.52 $ 81.80 $ 75.13 $ 79.31
−Removed: The graph below matches the cumulative 5-Year total return of holders of Albany International Corp.’s common stock with the cumulative total returns of the Russell 2000 index and a customized peer group of twenty one companies that includes:
−Removed: Astronics Corp, Barnes Group Inc., Circor International Inc., Curtiss-wright Corp, Ducommun Inc., Enerpac Tool Group Corp, Enpro Industries Inc., Esco Technologies Inc., Heico Corp, Hexcel Corp, Idex Corp, Kadant Inc., National Presto Industries Inc., Neenah Inc., Nordson Corp, P H Glatfelter Co, Rogers Corp, Schweitzer-Mauduit International Inc., Tredegar Corp, Trimas Corp and Watts Water Technologies Inc.
+Added: The graph below matches the cumulative 5-Year total return of holders of Albany International Corp.’s common stock with the cumulative total returns of the Russell 2000 index and a customized peer group of eighteen companies included in the customized peer group which are:
+Added: Barnes Group Inc, Bwx Technologies Inc, Curtiss-Wright Corp, Enpro Industries Inc, Esco Technologies Inc, Franklin Electric Co Inc, Graco Inc, Heico Corp, Hexcel Corp, Kadant Inc, Kaman Corp, Mercury Systems Inc, Nordson Corp, Spx Technologies Inc, Teledyne Technologies Inc, Trimas Corp, Triumph Group Inc and Woodward Inc.
The graph assumes that the value of the investment in our common stock, in each index, and in the peer group (including reinvestment of dividends) was $100 on December 31, 2017 and tracks it through December 31, 2022.
12 unchanged sentences
Disclosures of securities authorized for issuance under equity compensation plans are included under Item 12 of this Form 10-K.
−Removed: Issuer Purchases of Equity Securities during the three months ended December 31, 2021
+Added: Issuer Purchases of Equity Securities during the year ended December 31, 2022
Period Total number of shares purchased Average price paid per share Total number of shares purchased as part of publicly announced program Approx.
−Removed: dollar value of shares that may yet be purchased under the program
+Added: dollar value of shares that may yet be purchased under the program (in thousands)
+Added: January 1 to January 31, 2022 140,879 $ 85.24 140,879 $ 163,722
+Added: February 1 to February 28, 2022 145,164 86.29 145,164 151,244
+Added: March 1 to March 31, 2022 228,643 85.51 228,643 131,688
+Added: April 1 to April 30, 2022 236,091 82.21 236,091 112,418
+Added: May 1 to May 31, 2022 271,940 80.98 271,940 90,561
+Added: June 1 to June 30, 2022 — — — 90,561
+Added: July 1 to July 31, 2022 — — — 90,561
+Added: August 1 to August 31, 2022 — — — 90,561
+Added: September 1 to September 30, 2022 — — — 90,561
+Added: October 1 to October 31, 2022 — — — 90,561
November 1 to November 30, 2022 — — — 90,561
1 unchanged sentence
Total 1,022,717 1,022,717 90,561
−Removed: On October 25, 2021, the Company's Board of Directors authorized the Company to repurchase shares of up to $200 million through open market purchases, privately negotiated transactions or otherwise, and to determine the prices, times and amounts.
+Added: In 2021, the Company's Board of Directors authorized the Company to repurchase shares of up to $200 million through open market purchases, privately negotiated transactions or otherwise, and to determine the prices, times and amounts.
The program does not obligate the Company to acquire any particular amount of common stock, and it may be suspended or terminated at any time at the Company's discretion.
1 unchanged sentence
The timing and amount of any share repurchases will be based on the Company’s liquidity, general business and market conditions, debt covenant restrictions and other factors, including alternative investment opportunities and capital structure.
−Removed: Through December 31, 2021, the Company has repurchased 285,286 shares for a total of cost of $24.4 million.
+Added: In total the Company has repurchased 1,308,003 shares for a total cost of $109.4M, of which 1,022,717 shares were repurchased in 2022 for $85.1 million and 285,286 shares were repurchased in 2021 for $24.3 million.
SELECTED FINANCIAL DATA
−Removed: The following selected historical financial data have been derived from our Consolidated Financial Statements in Item 8, which is incorporated herein by reference.
+Added: The following selected historical financial data have been derived from our Consolidated Financial Statements in Item 8.
The data should be read in conjunction with those financial statements and Management’s Discussion and Analysis of Financial Condition and Results of Operations in Item 7.
43 unchanged sentences
required by that update, we have reclassified pension costs for periods prior to 2018.
−Removed: (6) In 2017, we discontinued the Bear Claw® line of hydraulic fracturing components used in the oil and gas
−Removed: industry, which led to a charge of $2.8 million to Cost of goods sold for the write-off of inventory, and a non-
−Removed: cash restructuring charge of $4.5 million for the write-off of equipment and intangibles.
(6) During the period 2018 through 2022, we recorded restructuring charges related to organizational changes
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.