Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.
Stock Price Data
The Company’s Common Stock is traded on the NASDAQ Global Select Market under the symbol of “LAWS”. On January 31, 2021, the closing sales price of our common stock was $49.59 and the number of stockholders of record was 290 . We did not issue dividends in either 2020 or 2019 and the Company currently has no plans to issue dividends in the foreseeable future and dividends are subject to certain restriction based on terms detailed in our Credit Agreement. Information about our equity compensation plans may be found in Item 12 of this report which is hereby incorporated by reference.
Repurchased Shares of Stock
The following table summarizes the repurchases of the Company's Common Stock for the three months ended December 31, 2020. These shares were purchased for the sole purpose of satisfying tax withholding obligations of certain employees upon the vesting of market stock units granted to them by the Company. No shares were repurchased in the open market during the fourth quarter under the Company's $7.5 million repurchase program that was authorized in 2019.
Period (a)
Total number of shares (or units) purchased (b)
Average price paid per share (or unit) (c)
Total number of shares (or units) purchased as part of publicly announced plans or programs (d)
Maximum number (or approximate dollar value) of shares that may yet be purchased under the plans or programs
October 1 to October 31, 2020 291 $ 45.51 — $ 4,512,000
November 1 to November 30, 2020 — — — 4,512,000
December 1 to December 31, 2020 20,314 50.91 — 4,512,000
Three months ended December 31, 2020 20,605 —
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ITEM 6. SELECTED FINANCIAL DATA.
The following selected financial data should be read in conjunction with the Consolidated Financial Statements of the Company and Notes thereto included in Item 8 in this Annual Report. The income statement data and balance sheet data are for, and as of the end of each of the years in the five-year period ended December 31, 2020 and are derived from the audited Consolidated Financial Statements of the Company.
(Dollars in thousands, except per share data)
2020 (1)
2019 (2)
2018 (3)
2017 (4)
2016
Revenue $ 351,591 $ 370,785 $ 349,637 $ 305,907 $ 276,573
Net income (loss)
$ 15,113 $ 7,221 $ 6,214 $ 29,688 $ (1,629)
Diluted income (loss) per share of common stock:
$ 1.62 $ 0.77 $ 0.67 $ 3.25 $ (0.19)
Total assets
$ 256,304 $ 204,429 $ 197,142 $ 191,111 $ 135,307
Noncurrent liabilities
$ 35,887 $ 39,498 $ 31,760 $ 37,644 $ 34,737
Stockholders’ equity
$ 122,422 $ 108,001 $ 99,173 $ 93,490 $ 61,133
Notes:
(1) The 2020 financial data reflects the inclusion of Partsmaster acquisition that was completed in August.
(2) The 2019 financial data reflects the inclusion of Screw Products, Inc. ("Screw Products") for the full year.
(3) The 2018 financial data reflects the inclusion of Bolt for the full year, as well as a $0.5 million increase in the estimated future remediation cost of an environmental matter involving land owned in Decatur, Alabama, that was part of a division that was previously sold.
(4) The 2017 financial data includes an income tax benefit of $19.6 million primarily as a result of releasing Deferred Tax Asset ("DTA") valuation reserves of $21.2 million at December 31, 2017. 2017 also includes a $5.4 million gain on the sale of the Fairfield, New Jersey distribution center.
(5) Company adopted ASC 606 in 2018 and ASC 842 in 2019 on a modified retrospective basis.
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