There have been no material changes in the Risk Factors identified in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, except as follows:
−Removed: Our foreign sales and operations can be adversely affected by supply disruptions due to the military conflict between Russia and Ukraine.
+Added: Operational Risks
+Added: Our foreign sales and operations may be adversely affected by supply chain disruptions due to political unrest, terrorist acts, and national and international conflict, including Russia's invasion of Ukraine.
We conduct a portion of our sales and manufacturing outside the United States.
Our foreign sales and operations are subject to a number of risks, including political and economic instability, which could have a material adverse impact on our ability to increase or maintain our international sales and operations.
−Removed: The military conflict between Russia and Ukraine may increase the likelihood of already strained supply interruptions and further hinder our ability to access the materials and energy we need to manufacture our products.
+Added: National and international conflicts such as war, border closures, civil disturbances and terrorist acts, including Russia's invasion of Ukraine, may increase the likelihood of already strained supply interruptions and further hinder our ability to access the materials and energy we need to manufacture our products.
Additional supply chain disruptions will make it harder for us to find favorable pricing and reliable sources for the materials we need.
1 unchanged sentence
Issuer Purchase of Equity Securities
−Removed: The following table summarizes the share repurchase activity for the three months ended March 31, 2022:
+Added: The following table summarizes the share repurchase activity for the six months ended June 30, 2022:
Total Number of Shares
8 unchanged sentences
March 1-31, 2022 100,000 $ 135.98 100,000 $ 95,065,135
−Removed: 245,685 245,685
+Added: First Quarter 245,685 245,685
+Added: April 1-30, 2022 245 $ 125.36 245 $ 87,609,591
+Added: May 1-31, 2022 4,550 $ 120.01 4,550 $ 83,324,693
+Added: June 1-30, 2022 181 $ 125.87 181 $ 83,370,521
+Added: Second Quarter 4,976 4,976
+Added: Total 250,661 250,661
(1) Our Board of Directors has approved a stock repurchase program.
20 unchanged sentences
Martin Bengtsson, Chief Financial Officer and Treasurer
−Removed: April 29, 2022
+Added: July 29, 2022
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.