11 unchanged sentences
Purchases can be made in the open market or in privately negotiated transactions.
−Removed: The authorization is in effect until all shares are purchased, or the Board revokes or amends the authorization.
−Removed: SELECTED FINANCIAL DATA.
−Removed: This selected financial data should be read in conjunction with Applied's consolidated financial statements and related notes included elsewhere in this annual report as well as the section of the annual report titled Item 7.
−Removed: Management's Discussion and Analysis of Financial Condition and Results of Operations.
−Removed: (In thousands, except per share amounts and statistical data)
−Removed: 2023 2022 2021 2020 2019
−Removed: Consolidated Operations — Year Ended June 30
−Removed: Net sales $ 4,412,794 $ 3,810,676 $ 3,235,919 $ 3,245,652 $ 3,472,739
−Removed: Depreciation and amortization of property 22,266 21,676 20,780 21,196 20,236
−Removed: Amortization:
−Removed: Intangible assets 30,805 31,879 34,365 41,553 41,883
−Removed: SARs and stock options 2,785 3,284 2,526 2,954 2,437
−Removed: Operating income (a) (b) (c)
−Removed: 473,151 357,858 205,454 88,989 233,788
−Removed: Net income (a) (b) (c)
−Removed: 346,739 257,414 144,757 24,042 143,993
−Removed: Per share data:
−Removed: Basic 8.98 6.69 3.73 0.62 3.72
−Removed: Diluted (a) (b) (c)
−Removed: 8.84 6.58 3.68 0.62 3.68
−Removed: Cash dividend 1.38 1.34 1.30 1.26 1.22
−Removed: Year-End Position — June 30
−Removed: Working capital $ 1,106,463 $ 859,902 $ 768,875 $ 733,686 $ 724,344
−Removed: Total debt 622,248 689,495 829,396 935,276 959,829
−Removed: Total assets 2,743,332 2,452,588 2,271,807 2,283,551 2,331,697
−Removed: Shareholders’ equity 1,458,437 1,149,355 932,546 843,542 897,034
−Removed: Year-End Statistics — June 30
−Removed: Current ratio 3.0 2.7 2.8 2.7 2.7
−Removed: Operating facilities 580 568 568 580 600
−Removed: Shareholders of record 3,227 3,344 3,535 3,772 4,165
−Removed: Return on assets (a) (b) (c) (d)
−Removed: 13.7 % 11.1 % 6.4 % 1.0 % 6.3 %
−Removed: Return on equity (a) (b) (c) (e)
−Removed: 26.6 % 24.7 % 16.3 % 2.8 % 16.8 %
−Removed: Capital expenditures $ 26,476 $ 18,124 $ 15,852 $ 20,115 $ 18,970
−Removed: Cash Returned to Shareholders During the Year
−Removed: Dividends paid $ 53,446 $ 51,805 $ 50,664 $ 48,873 $ 47,266
−Removed: Purchases of treasury shares 716 13,784 40,089 — 11,158
−Removed: Total $ 54,162 $ 65,589 $ 90,753 $ 48,873 $ 58,424
−Removed: (a) In fiscal 2021, the Company recognized a non-cash impairment charge of $49.5 million as a result of reduced economic conditions and business alignment initiatives related to a portion of the Service Center Based Distribution segment exposed to oil and gas end markets .
−Removed: Excluding the impairment charge, the fiscal 2021 return on assets would be 8.0% and return on equity would be 20.6%.
−Removed: (b) A goodwill impairment charge in fiscal 2020 reduced operating income by $131.0 million, net income by $118.8 million, and diluted earnings per share by $3.04.
−Removed: Excluding the goodwill impairment charge, the fiscal 2020 return on assets would be 6.5% and return on equity would be 16.4%.
−Removed: (c) A long-lived intangible asset impairment charge in fiscal 2019 reduced operating income by $31.6 million, net income by $26.9 million, and diluted earnings per share by $0.69, which includes the impact of a $3.8 million valuation allowance on certain Canadian deferred tax assets.
−Removed: Excluding the long-lived intangible asset impairment charge, the fiscal 2019 return on assets would be 7.5% and return on equity would be 20.0%
−Removed: (d) Return on assets is calculated as net income divided by monthly average assets.
−Removed: (e) Return on equity is calculated as net income divided by the average shareholders’ equity (beginning of the year plus end of
−Removed: the year divided by 2).
+Added: The authorization is in effect until all shares have been purchased, or the Board revokes or amends the authorization.
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.