−Removed: Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
+Added: Market for Registrant’s Common Equity, Rela ted Stockholder Matters and Issuer Purchases of Equity Securities
Trading Symbol and Holders
4 unchanged sentences
We have never declared or paid cash or stock dividends on our common stock.
−Removed: We currently intend to retain all available funds and any future earnings for use in the operation of our business and do not anticipate paying any dividends on our common stock in the foreseeable future.
−Removed: Any future determination to declare dividends on common stock will be made at the discretion of our board of directors and will depend on our financial condition, operating results, capital requirements, general business conditions and other factors that our board of directors may deem relevant.
+Added: Following the proposed separation of our company into two separate, publicly traded companies, expected to occur in 2026 (and which would be completed through a stock dividend), our Board of Directors may make a determination to declare dividends on our common stock at some point in the future, depending on our financial condition, operating results, capital requirements, general business conditions and other factors that our Board of Directors may deem relevant.
Issuer Purchases of Equity Securities
−Removed: We did not repurchase any of our registered equity securities during the quarter ended December 31, 2024.
+Added: In November 2025, our Board of Directors approved a common stock repurchase program authorizing $100.0 million in repurchases, which supplemented the previous $75.0 million authorization approved in March 2025.
+Added: During the year ended December 31, 2025, we purchased 3.4 million shares at a cost of $68.6 million under this program.
+Added: At December 31, 2025, approximately $106.4 million remained available for future stock repurchases under the repurchase program.
+Added: The stock repurchase program expires on March 31, 2026.
+Added: The following table contains information with respect to repurchases made by us during the three months ended December 31, 2025:
+Added: (a) Total number
+Added: (b) Average price
+Added: paid per share
+Added: (c) Total number
+Added: part of publicly
+Added: announced plans
+Added: dollar value of
+Added: shares that may
+Added: yet be purchased
+Added: under the plans
+Added: (in thousands)
+Added: October 1, 2025 - October 31, 2025
+Added: November 1, 2025 - November 30, 2025
+Added: December 1, 2025 - December 31, 2025
Not applicable.
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.