3 unchanged sentences
There is no assurance that an active trading market will provide adequate liquidity for our existing stockholders or for persons who may acquire our common stock in the future.
−Removed: In June 2017, we commenced a quarterly cash dividend program of $0.25 per common share.
−Removed: We may continue to declare and pay a cash dividend on shares of our common stock on a quarterly basis.
+Added: In June 2017, we commenced a quarterly cash dividend program of $0.25 per common share and made our most recent payment in March 2020.
+Added: In the future, we may declare and pay a cash dividend on shares of our common stock.
Whether we do, however, and the timing and amounts of dividends will be subject to approval and declaration by the Board and will depend on a variety of factors including, but not limited to, our financial results, cash requirements, financial condition, compliance with loan covenants and other contractual restrictions and other factors considered relevant by the Board, and will be subject to limitations imposed under Delaware law.
2 unchanged sentences
Purchases of Equity Securities by the Company and Affiliated Purchasers
−Removed: In November 2018, the Board authorized a program for us to repurchase up to $20.0 million of shares of our common stock through open market transactions at prevailing market prices.
−Removed: As of September 30, 2019, the Company had $2.9 million remaining under this program.
−Removed: In November 2019, the Board authorized an incremental $7.1 million to this stock repurchase program and provided that the program will remain in effect until all amounts are utilized or the program is otherwise modified by the Board.
−Removed: The following table summarizes the common stock repurchase activity for the three months ended December 31, 2019 :
−Removed: (a) Total number of shares (or units) purchased
−Removed: (b) Average price paid per share (or unit)
−Removed: (c) Total number of shares (or units) purchased as part of publicly announced programs
−Removed: (d) Maximum number (or approximate dollar value) of shares (or units) that may yet be purchased under the plans or programs (in thousands)
−Removed: October 1 to 31, 2019
−Removed: November 1 to 30, 2019
−Removed: December 1 to 31, 2019
+Added: We had no repurchases of our common stock for the three months ended December 31, 2020.
+Added: We maintain a program to repurchase up to $20.0 million of shares of our common stock under a stock repurchase program (the "Stock Repurchase Program") through open market transactions at prevailing market prices.
+Added: The Board most recently approved an amendment to The Stock Repurchase Program in which it authorized an incremental $7.1 million, resulting in a total of $10.0 million allowable to repurchase.
+Added: As of December 31, 2020, $7.0 million remained outstanding to repurchase shares of our common stock under the Stock Repurchase Program, which will remain in effect until all amounts are utilized or it is otherwise modified by the Board.
Selected Financial Data
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.