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ISSUER PURCHASES OF EQUITY SECURITIES
−Removed: The following table sets forth information with respect to our repurchases of common stock during the three months ended September 30, 2021.
+Added: The following table sets forth information with respect to our repurchases of common stock during the three months ended March 31, 2022.
Total Number of Shares Purchased
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Maximum Number of Shares that May Yet Be Purchased under the Plans or Programs (3)
−Removed: July 1 - July 31
−Removed: August 1 - August 31
−Removed: September 1 - September 30
−Removed: Because withholding tax-related stock repurchases are permitted outside the scope of our 5,000,000 share Board-authorized repurchase plan, these amounts exclude shares of stock returned to us by employees in satisfaction of withholding tax requirements on vested stock grants.
−Removed: There were 109,312 such shares returned to us during the three months ended September 30, 2021.
−Removed: Pursuant to a share repurchase plan authorized by our Board of Directors on May 7, 2020, we are authorized to repurchase 5,000,000 shares of our common stock through June 30, 2022.
−Removed: We will continue to evaluate our stock price relative to other investment opportunities and, to the extent we believe that the repurchase of our stock represents an appropriate return of capital, we will repurchase shares of our stock.
−Removed: In the past, we have occasionally returned cash to holders of our common stock through repurchases and have not paid cash dividends to holders of our common stock on a regular basis. As we continue to pursue our growth strategy, we will assess our cash flow, the long-term capital needs of our business and other uses of cash. Payment of any cash dividends in the future will depend upon, among other things, our results of operations, financial condition, cash requirements and contractual restrictions. Furthermore, dividends on our Series A Convertible Preferred Stock and Series B Cumulative Perpetual Preferred Stock are payable in preference to any common stock dividends. For additional information, see Part I, Item 2 “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Liquidity, Funding and Capital Resources.”
+Added: January 1 - January 31
+Added: February 1 - February 28
+Added: March 1 - March 31
+Added: Because withholding tax-related stock repurchases are permitted outside the scope of our 5,000,000 share Board-authorized repurchase plan, these amounts exclude shares of stock returned to us by employees in satisfaction of withholding tax requirements on exercised stock options and vested stock grants.
+Added: There were 440,494 such shares returned to us during the three months ended March 31, 2022.
+Added: Because withholding stock repurchases related to stock option exercise prices are permitted outside the scope of our 5,000,000 share Board-authorized repurchase plan, these amounts exclude shares of stock returned to us by employees in satisfaction of stock option exercise prices on exercised grants.
+Added: There were 39,743 such shares returned to us during the three months ended March 31, 2022.
+Added: Pursuant to a share repurchase plan authorized by our Board of Directors on March 15, 2022, we are authorized to repurchase 5,000,000 shares of our common stock through June 30, 2024.
+Added: We will continue to evaluate our common stock price relative to other investment opportunities and, to the extent we believe that the repurchase of our common stock represents an appropriate return of capital, we will repurchase shares of our common stock.
+Added: We did not repurchase any shares of Series B Preferred Stock during the three months ended March 31, 2022.
+Added: We have no current plans to pay dividends to holders of our common stock.
+Added: As we continue to pursue our growth strategy, we will assess our cash flow, the long-term capital needs of our business and other uses of cash.
+Added: Payment of any cash dividends in the future will depend upon, among other things, our results of operations, financial condition, cash requirements and contractual restrictions.
+Added: Furthermore, dividends on our Series A Preferred Stock and Series B Preferred Stock are payable in preference to any common stock dividends.
+Added: For additional information, see Part I, Item 2 “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Liquidity, Funding and Capital Resources.”
DEFAULTS UPON SENIOR SECURITIES
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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.