Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: 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.
+Added: During the third quarter of fiscal 2022 we repurchased 65,951 shares of our common stock in the open market for an aggregate purchase price, including commissions, of $2.0 million.
These shares were recorded as treasury stock and we do not anticipate retiring them.
In November 2021 our Board of Directors approved a stock repurchase program to purchase up to $10.0 million of our common stock.
−Removed: 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.
−Removed: Following is a summary of stock repurchases for the three months ended December 31, 2021:
+Added: As of April 1, 2022, $8.0 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 April 1, 2022:
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: October 2, 2021 through October 29, 2021 5,900 $ 34.03 5,900 $ 1,714
−Removed: October 30, 2021 through November 26, 2021 54,995 $ 31.07 54,995 $ 6
−Removed: November 27, 2021 through December 31, 2021 — $ — — $ 10,000
+Added: January 1, 2022 through January 28, 2022 22,700 $ 33.00 22,700 $ 9,251
+Added: January 29, 2022 through February 25, 2022 24,911 $ 29.95 24,911 $ 8,505
+Added: February 26 through April 1, 2022 18,340 $ 26.99 18,340 $ 8,010
(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.
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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.