2 unchanged sentences
Our issued equity securities consist of one class of common stock, which is traded on the New York Stock Exchange under the symbol “BXC”.
−Removed: As of December 30, 2023, there were 11 shareowner accounts of record, and, as of that date, we estimate that there were approximately 9,776 beneficial owners holding our common stock in nominee or “street” name.
+Added: As of December 28, 2024, there were 10 share-owner accounts of record, and, as of that date, we estimate that there were approximately 11,700 beneficial owners holding our common stock in nominee or “street” name.
We generally have not paid dividends on our common stock.
3 unchanged sentences
Issuer Repurchases of Equity Securities
−Removed: On October 31, 2023, our Board of Directors authorized a new share repurchase program for $100 million.
−Removed: Under this new share repurchase program, we may repurchase our common stock from time to time, without prior notice, subject to prevailing market conditions and other considerations.
+Added: On October 31, 2023, our Board of Directors authorized a share repurchase program for $100 million.
+Added: Under this share repurchase program, we may repurchase our common stock from time to time, without prior notice, subject to prevailing market conditions and other considerations.
Repurchases may be made through a variety of methods, which may include open market purchases, privately negotiated transactions, accelerated share repurchase programs, tender offers or pursuant to a trading plan that may be adopted in accordance with the Securities and Exchange Commission Rule 10b5-1.
−Removed: As of December 30, 2023, we have repurchased a total of 101,516 shares for $8.6 million under our $100 million share repurchase program, at an average price of $84.43 per share and we have a remaining authorization amount of $91.4 million.
+Added: As of December 28, 2024, we have repurchased a total of 530,146 shares for $53.5 million under our $100 million share repurchase program, at an average price of $100.99 per share, including broker commissions but excluding excise tax.
+Added: We have a remaining authorization amount of $46.5 million.
With the remaining availability under the share repurchase program, we may repurchase our common stock at any time or from time to time, without prior notice, subject to prevailing market conditions and other considerations.
−Removed: The new share repurchase plan authorized on October 31, 2023, followed the Company’s previous $100 million share authorization that was approved by the Company’s Board of Directors on August 23, 2021 and increased on May 3, 2022.
+Added: The share repurchase plan authorized on October 31, 2023, followed the Company’s previous $100 million share authorization that was approved by the Company’s Board of Directors on August 23, 2021 and increased on May 3, 2022.
Under that $100 million share repurchase plan, all remaining repurchase authority was utilized during early fiscal October 2023.
−Removed: During fiscal 2023, we repurchased 404,796 shares under this previous plan at an average price of $82.91.
−Removed: Additionally, we occasionally withhold shares of common stock to satisfy tax withholding obligations of employees upon the vesting of such employees’ restricted stock unit awards.
+Added: Additionally, we typically withhold shares of common stock to satisfy tax withholding obligations of employees upon the vesting of employees’ restricted stock unit awards.
The following table summarizes the Company’s common stock repurchase activity for each fiscal month of the fiscal quarter ended December 28, 2024:
1 unchanged sentence
Average Price Paid per Share (2)
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (3)
−Removed: Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (4)
−Removed: October 1 - November 4 46,584 $ 78.47 46,584 $ 100,000,000
−Removed: November 5 - December 2 101,893 $ 84.46 101,516 $ 91,429,309
+Added: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
+Added: September 29 - November 2 56,867 $ 106.83 56,636 $ 55,405,160
+Added: November 3 - November 30 37,687 $ 122.79 37,262 $ 50,829,681
December 1 - December 28 37,021 $ 118.36 36,781 $ 46,474,962
Total 131,575 130,679
−Removed: (1) Includes shares withheld by us in connection with tax withholding obligations of our employees upon vesting of such employees’ restricted stock unit awards.
+Added: (1) Includes shares withheld by us in connection with tax withholding obligations of our employees upon vesting of employees’ restricted stock unit awards.
(2) Includes broker commissions associated with the repurchases.
Excludes any excise taxes incurred under The Inflation Reduction Act of 2022.
−Removed: For shares withheld by us in connection with tax withholding obligations of our employees upon vesting of such employee’s restricted stock unit awards, the price paid per share is the market price on vesting date.
−Removed: (3) The 46,584 shares repurchased during the fiscal monthly period October 1 - November 4 were repurchased under the $100 million share repurchase authorization and increase approved by the Company’s Board of Directors on August 23, 2021 and
−Removed: The 101,516 shares repurchased during the fiscal monthly period November 5 - December 2 were repurchased under the $100 million share repurchase authorization approved by the Company’s Board of Directors on October 31, 2023.
−Removed: (4) The $100 million share repurchase authorization and increase approved by the Company’s Board of Directors on August 23, 2021 and May 3, 2022 was completed during the fiscal monthly period October 1 - November 4.
−Removed: The amounts in this column correspond to the $100 million share repurchase authorization approved by the Company’s Board of Directors on October 31, 2023.
+Added: For shares withheld by us in connection with tax withholding obligations of our employees upon vesting of employees’ restricted stock unit awards, the price paid per share is the market price on vesting date.
Securities Authorized for Issuance Under Equity Compensation Plans
9 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.