3 unchanged sentences
Management has discretion in determining the conditions under which shares may be purchased from time to time.
+Added: The number, price, structure, and timing of the repurchases, if any, will be at our sole discretion and future repurchases will be evaluated by us depending on market conditions, liquidity needs, restrictions under the agreements governing our indebtedness, and other factors.
+Added: Share repurchases may be made in the open market or in privately negotiated transactions.
+Added: The repurchase authorization does not oblige us to acquire any particular amount of our common stock.
+Added: The Board may suspend, modify, or terminate the repurchase program at any time without prior notice.
The following table summarizes the stock repurchase plans approved by the Board:
−Removed: May 2020 to May 2021 (1)
−Removed: Feb 2021 to Jun 2022 (2)
−Removed: Feb 2022 to Feb 2023 (3)
−Removed: Approval Date May 2020 February 2021 February 2022
+Added: February 2021 to June 2022 (1)
+Added: February 2022 to February 2023 (2)
+Added: February 2023 to February 2024 (3)
+Added: Approval Date February 2021 February 2022 February 2023
Authorized Repurchase Amount of Common Stock $20 million $15 million $10 million
−Removed: (1) During the first quarter of 2021, the Company completed its purchases under the plan, which consisted of 2.2 million shares for $5.0 million, effectively ending the plan prior to its original expiration date.
(1) During the second quarter of 2021, the Company amended its $8.0 million stock repurchase program approved in February 2021 and allowed for the purchase of an additional $12.0 million of our common stock through June 2022, bringing total authorized purchases under the plan to $20.0 million.
During the first quarter of 2022, the Company completed its purchases under the plan, which consisted of approximately 4.4 million shares for $20.0 million, effectively ending the plan prior to its original expiration date.
−Removed: (3) On February 15, 2022, the Company announced that its Board of Directors approved a new stock repurchase program that permits the purchase of up to $15.0 million of the Company's common stock through February 2023.
−Removed: During the quarter ended September 30, 2022, purchases of the Company's common stock were as follows:
+Added: (2) During February 2023, the $15.0 million stock repurchase program approved in February 2022 expired with a total of 2.6 million shares purchased for $14.7 million.
+Added: (3) On February 9, 2023, the Company announced that its Board approved a new stock repurchase program that permits the purchase of up to $10.0 million of the Company's common stock through February 2024.
+Added: During the quarter ended March 31, 2023, purchases of the Company's common stock were as follows:
Period (a) Total Number of Shares Purchased (1)
2 unchanged sentences
(d) Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
−Removed: July 1 through July 31, 2022 311,353 $ 5.03 235,173 $ 8,240,843
−Removed: August 1 through August 31, 2022 264,598 $ 5.17 264,598 $ 6,871,835
−Removed: September 1 through September 30, 2022 220,006 $ 5.55 220,006 $ 5,651,565
+Added: January 1 through January 31, 2023 500,280 $ 5.74 228,589 $ 790,079
+Added: February 1 through February 28, 2023 360,027 $ 5.30 245,607 $ 9,223,948
+Added: March 1 through March 31, 2023 268,340 $ 3.86 268,340 $ 8,189,434
Total 1,128,647 742,536
−Removed: (1) Total number of shares purchased includes shares purchased under our stock repurchase plan described above and shares purchased pursuant to the 2022 Omnibus Equity Award Plan related to shares withheld to satisfy employee income tax obligations upon the vesting of restricted stock awards.
+Added: (1) Total number of shares purchased includes 0.7 million shares purchased under our stock repurchase plans described above and 0.4 million shares withheld to satisfy employee income tax obligations upon the vesting of restricted stock awards.
(2) Average price paid per share includes costs associated with the repurchases.
−Removed: (3) Total number of shares purchased as part of publicly announced plans or programs includes shares purchased under our stock repurchase plan described above.
+Added: (3) Total number of shares purchased as part of publicly announced plans or programs includes shares purchased under our stock repurchase plans described above.
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.