5 unchanged sentences
We intend to retain our future earnings, if any, for use in the operation and expansion of our business, payment of our outstanding debt and for our stock repurchase program.
−Removed: In addition, our current credit agreement and indentures limit the amount we could pay as cash dividends on or for repurchase of our common stock.
+Added: In addition, our current revolving credit agreement and the indenture and loan agreement governing our other outstanding debt limit the amount we could pay as cash dividends on or for repurchase of our common stock.
For additional information surrounding our stock repurchase program, see Note 14, "Stockholders' Equity," to our consolidated financial statements included in Item 8 of this report.
2 unchanged sentences
Issuer Purchases of Equity Securities
−Removed: Total Number of Shares Purchased (1)
+Added: Period Total Number of Shares Purchased (1)
Average Price Paid Per Share (2)
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
−Removed: Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (3)
+Added: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (3)
(in thousands)
2 unchanged sentences
December 1, 2020 through December 31, 2020 11,139 72.97 — 209,852
+Added: Total 513,246 500,000
_____________________
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securities laws.
−Removed: The number of shares purchased and the timing of the purchases has depended and will depend on a number of factors, including share price, cash required for business plans, trading volume and other conditions.
−Removed: During April 2018, we implemented a repurchase plan in accordance with Rule 10b5-1 promulgated under the Securities Exchange Act of 1934, as amended.
+Added: The number of shares purchased and the timing of the purchases has depended and will depend on several factors, including share price, cash required for business plans, trading volume and other conditions.
+Added: In November 2020, we implemented a repurchase plan in accordance with Rule 10b5-1 promulgated under the Securities Exchange Act of 1934, as amended.
Future repurchases will be made under the Rule 10b5-1 plan as well as open market or privately negotiated transactions as described above.
5 unchanged sentences
The following graph compares the five-year return from investing $100 in each of our common stock, the NYSE Composite Index, the S&P Midcap 400 Index, and a custom peer group.
−Removed: In 2018, we selected a custom peer group that more closely aligns with the breadth and size of our business.
+Added: We selected a custom peer group that closely aligns with the breadth and size of our business.
This peer group is comprised of American Water Works Company, Inc., Casella Waste Systems, Inc., Civeo Corporation, Covanta Holding Corporation, Heritage-Crystal Clean, Inc., Iron Mountain Incorporated, Newpark Resources, Inc., Oil States International, Inc., Republic Services, Inc., Stericycle, Inc., Superior Energy Services, Inc., US Ecology, Inc., and Waste Management, Inc.
11 unchanged sentences
Net income (loss) (1)
+Added: 134,837 97,740 65,636 100,739 (39,873)
Earnings (loss) per share:
+Added: Basic 2.43 1.75 1.17 1.77 (0.69)
+Added: Diluted 2.42 1.74 1.16 1.76 (0.69)
Other Financial Data:
Adjusted EBITDA (2)
+Added: 555,302 540,317 491,005 425,657 400,354
As of December 31,
1 unchanged sentence
Balance Sheet Data:
−Removed: Long-term obligations (including current portion)
+Added: Total assets $ 4,131,520 $ 4,108,904 $ 3,738,321 $ 3,706,570 $ 3,681,920
+Added: Long-term debt (including current portion) 1,557,176 1,561,651 1,572,556 1,629,537 1,633,272
Stockholders' equity 1,341,551 1,269,813 1,169,756 1,188,202 1,084,241
___________________________________________
−Removed: The 2019 results include a $6.1 million pre-tax loss on early extinguishment of debt and a $0.7 million gain on the sale of a non-core line of business within our Environmental Services segment.
−Removed: The 2018 results include a $2.5 million pre-tax loss on early extinguishment of debt.
(1) The 2017 results include a net benefit of $93.0 million resulting from impacts of the tax law changes enacted in December of 2017, a $7.9 million pre-tax loss on early extinguishment of debt and a $30.7 million pre-tax gain on the sale of a non-core line of business within our Environmental Services segment.
The 2016 results include a $34.0 million goodwill impairment charge and a $16.9 million pre-tax gain on the sale of a non-core line of business within our Environmental Services segment.
−Removed: The 2015 results include a $32.0 million goodwill impairment charge in our Environmental Services segment.
In 2016, we did not record any income tax benefit as a result of the goodwill impairment charge.
−Removed: In 2015, we recorded an income tax benefit of $2.0 million as a result of the goodwill impairment charge.
(2) The following is a reconciliation of net income (loss) to Adjusted EBITDA for the following periods (in thousands).
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Depreciation and amortization 292,915 300,725 298,625 288,422 287,002
−Removed: Goodwill impairment charges
−Removed: Other (income) expense, net
+Added: Goodwill impairment charge — — — — 34,013
+Added: Other expense (income), net 290 (2,897) 4,510 6,119 (6,195)
Loss on early extinguishment of debt — 6,131 2,488 7,891 —
−Removed: Gain on sale of businesses
−Removed: Interest expense, net
+Added: Loss (gain) on sale of businesses 3,376 (687) — (30,732) (16,884)
+Added: Interest expense, net of interest income 73,120 78,670 81,094 85,808 83,525
Provision (benefit) for income taxes 39,713 50,499 28,846 (42,050) 48,589
2 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.