20 unchanged sentences
The Board increased the authorization by 750,000 shares, announced on January 24, 2008;
−Removed: by 1,000,000 shares on each of the announcement dates of October 8, 2008, January 13, 2016, January 9, 2018, and January 14, 2020;
−Removed: and by 2,000,000 shares, announced on October 3, 2018.
+Added: by 1,000,000 shares on each of the announcement dates of October 8, 2008, January 13, 2016, January 9, 2018, January 14, 2020, and October 7, 2021;
+Added: and by 2,000,000 shares, announced on October 3, 2018 and January 14, 2022.
The repurchase program does not have an expiration date.
1 unchanged sentence
The graph below compares the cumulative total shareholder return on a $100 investment in our common stock for the last five fiscal years with the cumulative total return on a $100 investment in the Russell 2000 Index, a broad equity market index, and the Standard & Poor's Small Cap 600 Growth Index, an index that includes companies of similar market capitalization.
−Removed: The graph assumes an investment at the close of trading on February 26, 2016, and also assumes the reinvestment of all dividends.
+Added: The graph assumes an investment at the close of trading on March 4, 2017, and also assumes the reinvestment of all dividends.
2017 2018 2019 2020 2021 2022
4 unchanged sentences
Most of our direct competitors in our various business units are either privately owned or divisions of larger, publicly owned companies.
−Removed: SELECTED FINANCIAL DATA
−Removed: The following information should be read in conjunction with Management's Discussion and Analysis of Financial Condition and Results of Operations, included in Item 7 of this Annual Report on Form 10-K, and our consolidated financial statements and related notes, included in Item 8 of this Annual Report on Form 10-K.
−Removed: (In thousands, except per share data and percentages) 2021 (1)
−Removed: Results of Operations Data
−Removed: Net sales $ 1,230,774 $ 1,387,439 $ 1,402,637 $ 1,326,173 $ 1,114,533
−Removed: Gross profit 275,689 318,959 293,565 333,518 292,023
−Removed: Operating income 25,527 87,848 67,284 114,284 122,225
−Removed: Net earnings 15,436 61,914 45,694 79,488 85,790
−Removed: Earnings per share - basic 0.59 2.34 1.64 2.79 2.98
−Removed: Earnings per share - diluted 0.59 2.32 1.63 2.76 2.97
−Removed: Cash dividends per share 0.7625 0.7125 0.6475 0.5775 0.5150
−Removed: Balance Sheet Data
−Removed: Total assets 1,015,099 1,128,991 1,068,168 1,022,320 784,658
−Removed: Long-term debt 165,000 217,900 245,724 215,860 65,400
−Removed: Shareholders' equity 492,745 516,778 496,317 511,355 470,577
−Removed: Gross profit as a percentage of sales 22.4 % 23.0 % 20.9 % 25.1 % 26.2 %
−Removed: Operating income as a percentage of sales 2.1 % 6.3 % 4.8 % 8.6 % 11 %
−Removed: Return on average invested capital (5)
−Removed: 2.6 % 8.4 % 5.6 % 9.3 % 14.3 %
−Removed: (1) Includes $70.1 million impairment expense on goodwill and indefinite-lived intangible assets.
−Removed: (2) Includes the acquisition of EFCO in June 2017.
−Removed: (3) Fiscal 2017 contained 53 weeks.
−Removed: Each of the other periods presented contained 52 weeks.
−Removed: (4) Includes the acquisition of Sotawall in December 2016.
−Removed: (5) Return on average invested capital is a non-GAAP financial measure that we define as [operating income x 0.75]/average invested capital.
−Removed: We believe this measure is useful in understanding operational performance over time.
−Removed: This non-GAAP measure should be viewed in addition to, and not as an alternative to, the reported financial results of the company prepared in accordance with GAAP.
−Removed: Other companies may calculate this measure differently from us, thereby limiting the usefulness of the measure for comparison with others.
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.