Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: In May 2018, our board of directors approved a stock repurchase program, which does not have an expiration date, for the repurchase of up to $7.5 million of our common stock.
−Removed: During the first quarter of fiscal 2022, we repurchased 22,543 shares of our common stock in the open market for an aggregate purchase price, including commissions, of $0.7 million.
+Added: During the second quarter of fiscal 2022 we completed the $7.5 million stock repurchase program approved by our board of directors in May 2018 by purchasing 60,895 shares of our common stock in the open market for an aggregate purchase price, including commissions, of $1.9 million.
These shares were recorded as treasury stock and we do not anticipate retiring them.
−Removed: As of October 1, 2021, $1.9 million remained available under our stock repurchase program.
−Removed: Following is a summary of stock repurchases for the three months ended October 1, 2021:
+Added: In November 2021 our board of directors approved a stock repurchase program to purchase up to $10.0 million of our common stock.
+Added: As of December 31, 2021, $10.0 million remains available under the stock repurchase program, and we may choose to suspend or discontinue the repurchase program at any time.
+Added: Following is a summary of stock repurchases for the three months ended December 31, 2021:
Period Total Number of Shares Repurchased Average Price Paid per Share Total Number of Shares Repurchased as Part of Publicly Announced Program Approximate Dollar Value of Shares that May Yet be Repurchased Under the Program (1)(2)
(in thousands)
−Removed: July 3, 2021 through July 30, 2021 8,643 $ 29.19 8,643 $ 2,375
−Removed: July 31, 2021 through August 24, 2021 — — $ 2,375
−Removed: August 25, 2021 through October 1, 2021 13,900 $ 33.07 13,900 $ 1,915
+Added: October 2, 2021 through October 29, 2021 5,900 $ 34.03 5,900 $ 1,714
+Added: October 30, 2021 through November 26, 2021 54,995 $ 31.07 54,995 $ 6
+Added: November 27, 2021 through December 31, 2021 — $ — — $ 10,000
(1) In May 2018, our board of directors approved a stock repurchase program, which does not have an expiration date, for the repurchase of up to $7.5 million of our common stock.
+Added: The May 2018 program has been completed and no amount remains available under the program.
+Added: (2) In November 2021, our board of directors approved a stock repurchase program, which does not have an expiration date, for the repurchase of up to $10.0 million of our common stock.
Defaults Upon Senior Securities
3 unchanged sentences
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.