5 unchanged sentences
In March 2018, the Board of Directors (the “Board”) authorized the repurchase of up to six million shares of our common stock.
−Removed: As of August 31, 2020 , 2.1 million shares had been purchased under this authorization, and the maximum number of shares that may yet be purchased under the program equaled 3.9 million shares.
−Removed: We repurchased no shares of our common stock during the first nine months fiscal 2020.
+Added: As of October 22, 2020, 2.2 million shares were available for repurchase under this authorization.
+Added: On October 23, 2020, the Board authorized the repurchase of an additional 3.8 million shares of our common stock, bringing our total authorization back to six million shares at that time.
+Added: Under the new increased share repurchase authorization, we may repurchase shares of our common stock from time to time at prevailing market prices, depending on market conditions, through open market or privately negotiated transactions.
+Added: No date has been established for the completion of the share repurchase program, and we are not obligated to repurchase any shares.
+Added: Subject to applicable corporate securities laws, repurchases may be made at such times and in such amounts as management deems appropriate.
+Added: Repurchases under the program can be discontinued at any time management feels additional repurchases are not warranted.
+Added: As of August 31, 2021, the maximum number of shares that may yet be repurchased under the share repurchase program authorized by the Board equaled 3.8 million shares.
The following table summarizes share repurchase activity by month for the quarter ended August 31, 2021:
−Removed: Total Number of Shares Purchased
−Removed: Average Price Paid per Share
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Plans
−Removed: Maximum Number of Shares that May Yet Be Purchased Under the Plans
+Added: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans Maximum Number of Shares that May Yet Be Purchased Under the Plans
6/1/2021 through 6/30/2021 — $ — — 4,399,804
1 unchanged sentence
8/1/2021 through 8/31/2021 230,013 $ 180.21 230,013 3,838,224
−Removed: We may repurchase shares of our common stock from time to time at prevailing market prices, depending on market conditions, through open market or privately negotiated transactions.
−Removed: No date has been established for the completion of the share repurchase program, and we are not obligated to repurchase any shares.
−Removed: Subject to applicable corporate securities laws, repurchases may be made at such times and in such amounts as management deems appropriate.
−Removed: Repurchases under the program can be discontinued at any time management feels additional repurchases are not warranted.
−Removed: On October 23, 2020, the Board authorized the repurchase of an additional 3.8 million shares of our common stock, bringing our total authorization back to six million shares.
−Removed: Refer to Part II, Item 9b.
−Removed: Other information for further details.
+Added: Total 561,580 $ 173.80 561,580 3,838,224
Company Stock Performance
9 unchanged sentences
Among Acuity Brands, Inc., the S&P Midcap 400 Index,
−Removed: the Dow Jones US Electrical Components & Equipment Index,
−Removed: and the Dow Jones US Building Materials & Fixtures Index
+Added: the Dow Jones U.S.
+Added: Electrical Components & Equipment Index,
+Added: and the Dow Jones U.S.
+Added: Building Materials & Fixtures Index
*Assumes $100 invested on August 31, 2016 in stock or index, including reinvestment of dividends.
+Added: Aug-16 Aug-17 Aug-18 Aug-19 Aug-20 Aug-21
Acuity Brands, Inc.
−Removed: S&P Midcap 400 Index
−Removed: Dow Jones US Electrical Components & Equipment Index
−Removed: Dow Jones US Building Materials & Fixtures Index
−Removed: Selected Financial Data
−Removed: The following table sets forth certain selected consolidated financial data, which has been derived from the Consolidated Financial Statements for each of the five years in the period ended August 31, 2020 .
−Removed: This historical information may not be indicative of our future performance.
−Removed: The information set forth below should be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations and the Consolidated Financial Statements and the notes thereto.
−Removed: Year Ended August 31,
−Removed: (In millions, except per-share data)
−Removed: Basic earnings per share
−Removed: Diluted earnings per share
−Removed: Cash and cash equivalents
−Removed: Long-term debt
−Removed: Stockholders’ equity
−Removed: Dividends declared per share
$ 100 $ 64 $ 56 $ 46 $ 40 $ 68
−Removed: Net Income, Basic Earnings per Share, and Diluted Earnings per Share for fiscal 2020 include a) pre-tax special charges of $20.0 million , b) pre-tax amortization of acquired intangible assets of $41.7 million , c) pre-tax share-based payment expense of $38.2 million , and d) pre-tax acquisition-related items of $2.5 million totaling $2.00 per share.
−Removed: Net Income, Basic Earnings per Share, and Diluted Earnings per Share for fiscal 2019 include a) pre-tax special charges of $1.8 million, b) pre-tax amortization of acquired intangible assets of $30.8 million, c) pre-tax share-based payment expense of $29.2 million, d) pre-tax acquisition-related items of $2.5 million, and e) certain manufacturing inefficiencies related to the closure of a facility of $0.9 million, totaling $1.28 per share.
−Removed: Net Income, Basic Earnings per Share, and Diluted Earnings per Share for fiscal 2018 include a) pre-tax special charges of $5.6 million, b) pre-tax amortization of acquired intangible assets of $28.5 million, c) pre-tax share-based payment expense of $32.3 million, d) pre-tax acquisition-related items of $3.8 million, e) excess inventory related to the closure of a facility of $3.1 million, f) gain on sale of a business of $5.4 million, and g) discrete income tax benefits of the U.S.
−Removed: Tax Cuts and Jobs Act of $34.6 million, totaling $0.32 per share.
−Removed: Net Income, Basic Earnings per Share, and Diluted Earnings per Share for fiscal 2017 include a) pre-tax special charges of $11.3 million, b) pre-tax amortization of acquired intangible assets of $28.0 million, c) pre-tax share-based payment expense of $32.0 million, d) gain on sale of investment in unconsolidated affiliate of $7.2 million, and e) manufacturing related inefficiencies directly related to the closure of a facility of $1.6 million, totaling $1.02 per share.
−Removed: Net Income, Basic Earnings per Share, and Diluted Earnings per Share for fiscal 2016 include a) pre-tax special charges of $15.0 million, b) pre-tax amortization of acquired intangible assets of $21.4 million, c) pre-tax share-based payment expense of $27.7 million, d) pre-tax acquisition-related items of $10.8 million, and e) pre-tax impairment of intangible asset of $5.1 million, totaling $1.21 per share.
+Added: S&P Midcap 400 Index 100 112 135 126 131 187
+Added: Dow Jones U.S.
+Added: Electrical Components & Equipment Index 100 125 146 131 151 219
+Added: Dow Jones U.S.
+Added: Building Materials & Fixtures Index 100 105 111 123 145 230
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.