−Removed: Market for Re gistrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
+Added: Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Market Information
The Company’s common stock is traded on the NASDAQ Global Select Market under the symbol CRVL.
−Removed: As of June 8, 2020, there were approximately 886 holders of record of the Company’s common stock according to the information provided by the Company’s transfer agent.
+Added: As of May 24, 2021, there were approximately 843 holders of record of the Company’s common stock according to the information provided by the Company’s transfer agent.
The Company has never paid any cash dividends on its common stock and has no current plans to do so in the foreseeable future.
−Removed: The Company intends to retain future earnings, if any, for use in the Company’s business and to execute its repurchase program.
+Added: The Company intends to retain future earnings, if any, for use in the Company’s business and for purchases of stock under its stock repurchase program.
The payment of any future dividends on its common stock will be determined by the Board of Directors in light of conditions then existing, including the Company’s earnings, financial condition and requirements, restrictions in financing agreements, business conditions and other factors.
−Removed: Unregistered Sales of Equity Securities.
+Added: Recent Sales of Unregistered Equity Securities.
Issuer Purchases of Equity Securities.
11 unchanged sentences
The Company’s Board of Directors has periodically increased the number of shares of common stock authorized for repurchase under the program.
−Removed: The Company’s Board of Directors has authorized up to 37,000,000 shares of common stock to be repurchased over the life of the program.
+Added: In May 2021, the Company’s Board of Directors increased the number of shares of common stock authorized to be repurchased over the life of the program by 1,000,000 shares of common stock to 38,000,000 shares of common stock.
As of March 31, 2021, the Company has repurchased 36,653,552 shares of its common stock over the life of the program.
There is no expiration date for the program.
−Removed: On March 21, 2020, the Company temporarily suspended its stock repurchase program in order to provide the Company maximum flexibility to focus on serving its customers as it navigates through the COVID-19 pandemic.
−Removed: The Company has lifted this temporary suspension and expects to resume its stock repurchase program in the June 2020 quarter.
STOCK PERFORMANCE GRAPH
10 unchanged sentences
“Management’s Discussion and Analysis of Financial Condition and Results of Operations” appears in a separate section of this annual report immediately following the “Selected Financial Data” section, and is incorporated herein by this reference.
+Added: Quantitative and Qualitative Disclosures About Market Risk.
+Added: Market risk represents the risk of loss that may impact our financial position due to adverse changes in financial market prices and rates.
+Added: Our market risk exposure is primarily the result of fluctuations in interest rates.
+Added: We do not hold or issue financial instruments for trading purposes.
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.