10 unchanged sentences
Furthermore, our Credit Agreement restricts the amount of cash dividends that we can pay.
−Removed: The payment of any future dividends will be at the discretion of our board of directors and subject to the Credit Agreement and will depend upon, among other things, future earnings, operations, capital requirements, our general financial condition, compliance with covenants under any then-existing financing agreements, contractual restrictions and general business conditions.
+Added: The payment of any future dividends will be at the discretion of our board of directors and subject to the Credit Agreement and will depend upon, among other things, future earnings, operations, capital requirements, our general financial condition,
+Added: compliance with covenants under any then-existing financing agreements, contractual restrictions and general business conditions.
Purchases of Equity Securities by the Issuer
1 unchanged sentence
The following table summarizes the stock repurchase plans approved by the board of directors over the past three fiscal years:
−Removed: May 2020 to May 2021 (1)
−Removed: February 2021 to June 2022 (2)
February 2023 to February 2024 (1)
February 2022 to February 2023 (2)
−Removed: Approval Date May 2020 February 2021 February 2022 February 2023
−Removed: Authorized Repurchase Amount of Common Stock $5 million $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.
+Added: February 2021 to June 2022 (3)
+Added: Approval Date February 2023 February 2022 February 2021
+Added: Authorized Repurchase Amount of Common Stock $10 million $15 million $20 million
+Added: (1) During February 2024, the stock repurchase program approved in February 2023 expired with a total of 1.4 million shares purchased for $5.2 million.
+Added: (2) During February 2023, the stock repurchase program approved in February 2022 expired with a total of 2.6 million shares purchased for $14.7 million.
(3) During the second quarter of 2021, the Company ended its $8 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) During February 2023, the stock repurchase program approved in February 2022 expired with a total of 2.6 million shares purchased for $14.7 million.
−Removed: (4) 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.
Under each plan, management has discretion in determining the conditions under which shares may be purchased from time to time.
+Added: Subsequent to December 31, 2024, the Company's Board of directors announced a new stock repurchase program that permits the repurchase of up to $5 million of the Company's common stock through February 2026.
During the three months ended December 31, 2024, purchases of our common stock pursuant to the Stock Repurchase Plans were as follows:
4 unchanged sentences
Total 38,581 —
−Removed: [1] No shares of our common stock were purchased other than through a publicly announced plan or program.
−Removed: [2] Average price paid per share includes costs associated with the repurchases.
−Removed: [3] On February 9, 2023, the Company announced that its Board of Directors 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.
−Removed: 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.
−Removed: Share repurchases may be made in the open market or in privately negotiated transactions.
−Removed: The repurchase authorization does not oblige us to acquire any particular amount of our common stock.
−Removed: The Board of Directors may suspend, modify, or terminate the repurchase program at any time without prior notice.
+Added: [1] Total number of shares purchased includes shares withheld to satisfy employee income tax obligations upon the vesting of stock awards.
+Added: [2] Average price paid per share for shares purchased as part of a publicly announced plan or program, as applicable, includes costs associated with the repurchases.
+Added: [3] On January 21, 2025, the Company announced that its Board of Directors approved a new stock repurchase program that permits the purchase of up to $5.0 million of the Company's common stock through February 2026.
Performance Graph
8 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.