15 unchanged sentences
Blackbaud, Inc.
−Removed: Common Stock Acquisitions and Repurchases
+Added: Issuer Purchases of Equity Securities
The following table provides information about shares of common stock acquired or repurchased during the three months ended December 31, 2021 under the stock repurchase program then in effect, as well as common stock withheld by us to satisfy the minimum tax obligations of employees due upon vesting of restricted stock awards and units.
8 unchanged sentences
Total 143,688 $ 72.76 138,785 $ 250,000
−Removed: (1) Includes 2,782 shares (2,733 in November and 49 in December) withheld by us to satisfy the minimum tax obligations of employees due upon vesting of restricted stock awards and units.
+Added: (1) Includes 4,903 shares in November withheld by us to satisfy the minimum tax obligations of employees due upon vesting of restricted stock awards and units.
The level of this acquisition activity varies from period to period based upon the timing of award grants and vesting.
−Removed: (2) In November 2020, our Board of Directors reauthorized and expanded our stock repurchase program to authorize us to purchase up to $ 250.0 million of our outstanding shares of common stock.
+Added: (2) In December 2021, our Board of Directors reauthorized and replenished our stock repurchase program to authorize us to purchase up to $250.0 million of our outstanding shares of common stock.
The program does not have an expiration date.
Our Board of Directors had previously adopted a dividend policy which reflected an intention to distribute to our stockholders a portion of the cash generated by our business that exceeds our operating needs and capital expenditures as regular quarterly dividends.
−Removed: In accordance with our previous dividend policy, we paid quarterly dividends at an annual rate of $ 0.48 per share in 2019, resulting in aggregate dividend payments to stockholders of $23.6 million in 2019.
As a part of a series of measures to better enable us to weather the extraordinary business challenges occasioned by COVID-19 and further effect our long-term strategy to deliver the greatest value to our stockholders, we announced on April 6, 2020 that our Board of Directors had rescinded its previously announced policy to pay an annual dividend at a rate of $0.48 per share of common stock and discontinued the declaration and payment of all cash dividends beginning with the second quarter of 2020 and thereafter until such time, if any, as the Board of Directors may determine in its sole discretion.
−Removed: As a result, we paid a first quarter dividend of $0.12 per share in 2020 resulting in aggregate dividend payments to stockholders of $6.0 million, but no further dividends were declared or paid in 2020.
+Added: As a result, we paid a first quarter dividend of $0.12 per share in 2020 resulting in aggregate dividend payments to stockholders of $6.0 million, but no further dividends were declared or paid in 2020 or 2021.
We currently do not anticipate declaring or paying any cash dividends for the foreseeable future.
1 unchanged sentence
Blackbaud, Inc.
−Removed: SELECTED FINANCIAL DATA
−Removed: The selected financial data set forth below should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Item 7 in this report and our financial statements and the related notes included elsewhere in this report to fully understand factors, including our business acquisitions and dispositions, that may affect the comparability of the information presented below.
−Removed: Year ended December 31,
−Removed: (in thousands, except per share data) 2020
−Removed: SUMMARY OF OPERATIONS
−Removed: Total revenue $ 913,219 $ 900,423 $ 848,606 $ 788,487 $ 731,642
−Removed: Total cost of revenue 428,065 418,424 381,742 361,904 339,220
−Removed: Gross profit 485,154 481,999 466,864 426,583 392,422
−Removed: Total operating expenses 447,911 454,854 407,447 358,405 324,198
−Removed: Income from operations 37,243 27,145 59,417 68,178 68,224
−Removed: Net income 7,717 11,908 44,841 73,633 45,404
−Removed: PER SHARE DATA
−Removed: Basic net income $ 0.16 $ 0.25 $ 0.95 $ 1.58 $ 0.98
−Removed: Diluted net income 0.16 0.25 0.93 1.54 0.96
−Removed: Cash dividends 0.12 0.48 0.48 0.48 0.48
−Removed: BALANCE SHEET DATA
−Removed: Total assets $ 2,044,734 $ 1,992,963 $ 1,615,305 $ 1,797,846 $ 1,345,009
−Removed: Deferred revenue, including current portion 316,914 316,137 298,555 278,706 250,289
−Removed: Total debt, including current portion 531,033 467,100 387,124 438,224 342,393
−Removed: Total long-term liabilities 605,180 607,362 435,867 486,946 396,466
−Removed: (1) Reflects the impact of adopting Accounting Standards Update ("ASU") 2016-02, Leases (Topic 842) in 2019, on a prospective basis.
−Removed: See Note 2 of our consolidated financial statements in this report for further discussion.
−Removed: (2) Reflects the impact of adopting ASU 2014-09, Revenue from Contracts with Customers (Topic 606) in 2018, on a retrospective basis.
−Removed: 2020 Form 10-K
−Removed: Blackbaud, Inc.
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.