4 unchanged sentences
The stock repurchase authorization remains effective until terminated by our Board of Directors which may occur at any time, subject to the parameters of any Rule 10b5-1 automatic trading plan that we may then have in effect.
−Removed: In the first quarter of 2023, we repurchased 821,000 shares at an average price of $64.63 per share and at a total cost of $53.1 million.
−Removed: As of March 31, 2023, there were 7,057,462 shares remaining on the existing repurchase authorization.
+Added: In the second quarter of 2023, we repurchased 254,000 shares at an average price of $67.36 per share and at a total cost of $17.1 million.
+Added: As of June 30, 2023, there were 6,803,462 shares remaining on the existing repurchase authorization.
ISSUER PURCHASES OF EQUITY SECURITIES
Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number of Shares that may yet be Purchased Under the Plans or Programs
−Removed: January 1 - January 31, 2023 315,000 $ 60.14 315,000 7,563,462
−Removed: February 1 - February 28, 2023 230,000 67.29 230,000 7,333,462
−Removed: March 1 - March 31, 2023 276,000 67.52 276,000 7,057,462
−Removed: ITEM 6 - EXHIBITS
−Removed: Refer to the Exhibit Index on page 28 of this report.
−Removed: INDEX TO EXHIBITS
−Removed: 31.1 Certification of the Chief Executive Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934
−Removed: 31.2 Certification of the Chief Financial Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934
−Removed: 32.1 Written Statement of the Chief Executive Officer Pursuant to 18 U.S.C.
−Removed: 32.2 Written Statement of the Chief Financial Officer Pursuant to 18 U.S.C.
−Removed: 101 The following materials from A.
−Removed: Smith Corporation’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 are filed herewith, formatted in XBRL (Extensive Business Reporting Language):
−Removed: (i) the Condensed Consolidated Statement of Earnings for the three months ended March 31, 2023 and 2022, (ii) the Condensed Consolidated Statement of Comprehensive Earnings for the three months ended March 31, 2023 and 2022, (iii) the Condensed Consolidated Balance Sheets as of March 31, 2023, and December 31, 2022 (iv) the Condensed Consolidated Statement of Cash Flows for the three months ended March 31, 2023 and 2022 (v) the Condensed Consolidated Statement of Stockholders’ Equity for the three months ended March 31, 2023 and 2022 (vi) the Notes to Condensed Consolidated Financial Statements.
−Removed: Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has authorized this report to be signed on its behalf by the undersigned.
−Removed: SMITH CORPORATION
−Removed: April 28, 2023 /s/ Benjamin A.
−Removed: Vice President and Controller
−Removed: /s/ Charles T.
−Removed: Executive Vice President and Chief Financial Officer
+Added: April 1 - April 30, 2023 230,000 $ 67.24 230,000 6,827,462
+Added: May 1 - May 31, 2023 24,000 68.45 24,000 6,803,462
+Added: June 1 - June 30, 2023 — — — 6,803,462
+Added: The Inflation Reduction Act of 2022, which was enacted into law on August 16, 2022, imposed a nondeductible 1% excise tax on the net value of certain stock repurchases made after December 31, 2022.
+Added: All dollar amounts presented exclude such excise taxes, as 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.