3 unchanged sentences
In the past two fiscal years, we have not paid any dividends on the Company's common stock.
−Removed: The payment of dividends to Company stockholders is subject to the discretion of the Board of Directors, and various factors may prevent us from paying dividends.
−Removed: Such factors include Company cash requirements, covenants of our Credit Agreement and liquidity or other requirements of state, corporate and other laws.
+Added: The payment of dividends to Company stockholders is subject to the discretion of the Board, and various factors may prevent us from paying dividends.
+Added: Such factors include Company cash requirements, covenants of our credit agreement dated November 22, 2022, by and among the Company, Bank of America, N.A., as administrative agent, swing line lender and letter of credit issuer, and the guarantors party thereto (the "Credit Agreement"), and liquidity or other requirements of state, corporate and other laws.
Issuer Purchases of Equity Securities
−Removed: On May 25, 2022, the Company's Board of Directors approved a $100 million stock repurchase program that may be used to purchase its outstanding common stock.
−Removed: The repurchase program is funded using our available cash.
+Added: On May 25, 2022, the Board approved a $100 million stock repurchase program that may be used to purchase its outstanding common stock.
+Added: On January 30, 2024, the Board approved another $100 million stock repurchase program under the same terms as the previous plans.
+Added: The repurchase programs are funded using our available cash.
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.
The level of repurchase activity is subject to market conditions and other investment opportunities.
−Removed: The repurchase program does not obligate us to acquire any particular amount of common stock and may be suspended or discontinued at any time.
−Removed: Share repurchase activity during the three months ended April 1, 2023 was as follows:
−Removed: 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
−Removed: January 1, 2023 to
+Added: The repurchase programs do not obligate us to acquire any particular amount of common stock and may be suspended or discontinued at any time.
+Added: Share repurchase activity during the three months ended March 30, 2024 was as follows:
+Added: Period Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of the Publicly Announced Programs Approximate Dollar Value of Shares That May Yet Be Purchased Under the Programs
+Added: December 31, 2023 to
February 3, 2024 — $ — — $ 138,964
2 unchanged sentences
March 3, 2024 to
−Removed: April 1, 2023 511 278.66 511 35,731
+Added: March 30, 2024 16,400 372.15 16,400 126,437
33,900 33,900
Performance Graph
−Removed: The following graph compares the yearly percentage change in the cumulative total stockholder return on Cavco common stock during the five fiscal years ended April 1, 2023, with that of the Nasdaq Composite Index and the iShares U.S.
+Added: The following graph compares the yearly percentage change in the cumulative total stockholder return on Cavco common stock during the five fiscal years ended March 30, 2024, with that of the Nasdaq Composite Index and the iShares U.S.
Home Construction ETF.
7 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.