14 unchanged sentences
For the years ended July 31, 2025, 2024 and 2023, no employee exercised stock options through a cashless exercise.
−Removed: If exercised a portion of the options exercised will net settled in satisfaction of the exercise price and employees’ statutory withholding requirements.
+Added: If exercised a portion of the options exercised will be net settled in satisfaction of the exercise price and employees’ statutory withholding requirements.
Any shares withheld for taxes are treated as a repurchase of shares for accounting purposes, but do not count against our stock repurchase program.
2 unchanged sentences
We currently intend to retain any earnings for use in our business.
−Removed: The Second Amended and Restated Credit Agreement (as defined below) to which we are a party contains customary affirmative and negative covenants, including covenants that limit or restrict us and our subsidiaries’ ability to, among other things, pay dividends, subject to certain exceptions.
−Removed: For further detail see Notes to Consolidated Financial Statements, Note 9 – Long-Term Debt and Note 12 — Stockholders’ Equity and under the subheadings “ Credit Agreement ” and “ Note Purchase Agreement ” in the Liquidity and Capital Resources sections of this Annual Report on Form 10-K .
+Added: Our Second Amended and Restated Credit Agreement (as defined below) contains customary affirmative and negative covenants, including covenants that limit or restrict us and our subsidiaries’ ability to, among other things, pay dividends, subject to certain exceptions.
+Added: For further detail see Notes to Consolidated Financial Statements, Note 9 – Long-Term Debt and Note 12 — Stockholders’ Equity and under the subheadings “ Credit Agreement ” in the Liquidity and Capital Resources sections of this Annual Report on Form 10-K .
Issuances of Unregistered Securities
−Removed: Except for the issuance of 2.5 million restricted shares of our common stock in connection with the acquisition of a controlling ownership interest in Purple Wave Inc.
−Removed: during the current year, there were no issuances of unregistered securities in the year ended July 31, 2024.
+Added: There were no issuance of unregistered securities in the year ended July 31, 2025.
Performance Graph
16 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.