7 unchanged sentences
On October 27, 2020, the Company's Board of Directors approved a $100 million stock repurchase program that may be used to purchase its outstanding common stock.
−Removed: This program, which was announced on Form 8-K filed October 29, 2020, replaces a previously standing $10 million authorization, which is now canceled.
The repurchases may be made in the open market or in privately negotiated transactions in compliance with applicable state and federal securities laws and other legal requirements.
3 unchanged sentences
Share repurchase activity during the three months ended April 2, 2022 was as follows (in thousands, except number of shares and per share amounts):
−Removed: Period Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of the Publically Announced Program Approximate Dollar Value of Shares That May Yet Be Purchased Under the Program
−Removed: December 27, 2020 to January 30, 2021 — $ — —
−Removed: January 31, 2020 to February 27, 2021 — — —
−Removed: February 28, 2021 to April 3, 2021 6,600 218.37 6,600
−Removed: Total 6,600 6,600 $ 98,559
+Added: Period Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of the Publicly Announced Program Approximate Dollar Value of Shares That May Yet Be Purchased Under the Program
+Added: January 2, 2022 to
+Added: February 5, 2022 — $ — — $ —
+Added: February 6, 2022 to
+Added: March 5, 2022 — — — —
+Added: March 6, 2022 to
+Added: April 2, 2022 115,200 264.52 115,200 38,960
+Added: 115,200 115,200
+Added: Subsequent to fiscal 2022 year end, we utilized the remaining $39 million under this program.
+Added: On May 25, 2022, the Company's Board of Directors approved another $100 million stock repurchase program under the same terms and conditions as the previous plan.
Performance Graph
8 unchanged sentences
Home Construction ETF $ 100 $ 124 $ 111 $ 97 $ 221 $ 192
−Removed: We previously compared the cumulative total stockholder return on Cavco common stock to that of the Nasdaq US Small Cap Home Construction Index;
−Removed: however, it is no longer quoted.
−Removed: We selected the iShares U.S.
−Removed: Home Construction ETF as it includes the common stock of Cavco and some of our competitors.
−Removed: The comparison below assumes $100 (with reinvestment of all dividends) was invested on March 28, 2015, in Cavco common stock and in each of the foregoing indices.
−Removed: 3/28/2015 3/28/2020
−Removed: Cavco Industries, Inc.
−Removed: Nasdaq US Small Cap Home Construction Index $ 100 $ 81
−Removed: Home Construction ETF $ 100 $ 113
−Removed: SELECTED FINANCIAL DATA
−Removed: The following table presents selected consolidated financial data regarding Cavco for the fiscal years indicated.
−Removed: The data set forth below should be read in conjunction with, and is qualified in its entirety by reference to, the information presented in "Management's Discussion and Analysis of Financial Condition and Results of Operations" and the Consolidated Financial Statements and Notes thereto included elsewhere in this Annual Report.
−Removed: The selected financial data set forth below may not be indicative of future performance.
−Removed: 2021 March 28,
−Removed: 2020 March 30,
−Removed: 2019 March 31,
−Removed: 2018 April 1,
−Removed: ($ in thousands, except per share)
−Removed: Income Statement Data:
−Removed: Net revenue $ 1,108,051 $ 1,061,774 $ 962,746 $ 871,235 $ 773,797
−Removed: Cost of sales 869,074 831,256 757,040 690,555 615,760
−Removed: Net income 76,646 75,066 68,622 61,502 37,955
−Removed: Net income per share
−Removed: Basic $ 8.34 $ 8.22 $ 7.56 $ 6.82 $ 4.23
−Removed: Diluted 8.25 8.10 7.40 6.68 4.17
−Removed: Weighted average shares outstanding:
−Removed: Basic 9,189,052 9,129,639 9,080,878 9,024,437 8,976,064
−Removed: Diluted 9,293,134 9,268,784 9,268,737 9,201,706 9,105,743
−Removed: Balance Sheet Data:
−Removed: Total assets $ 951,833 $ 810,431 $ 725,216 $ 674,780 $ 607,316
−Removed: Total current liabilities 237,104 172,102 174,008 176,329 140,216
−Removed: Total securitized financings and other 12,186 14,953 34,140 59,812 57,991
−Removed: Finance lease obligations (1)
−Removed: 304 366 1,075 1,155 —
−Removed: Total stockholders' equity 683,640 607,586 529,588 457,106 394,408
−Removed: (1) Finance lease obligations under FASB ASC 842, Leases , effective beginning fiscal year 2020, are included in Securitized financings and other on the Company's Consolidated Balance Sheet.
−Removed: Prior to fiscal year 2020, these were categorized as capital lease obligations under FASB ASC 840, Leases, and were included in Accrued expenses and other current liabilities.
−Removed: The selected financial data set forth above includes the accounts of Cavco and its consolidated subsidiaries, as of their respective acquisition dates, including Lexington Homes (April 3, 2017) and Destiny Homes (August 2, 2019).
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.