6 unchanged sentences
Stock Performance
−Removed: The following performance graph compares the performance of DXP’s common stock to the NASDAQ Industrial Index and a customized peer group of five companies that includes:
−Removed: NOW Inc, MRC Global Inc, Applied Industrial Technologies Inc, MSC Industrial Direct Co.
−Removed: Inc and Lawson Products Inc.
−Removed: The graph assumes that the value of the investment in DXP’s common stock and in each index was $100 at December 31, 2015 and that all dividends were reinvested.
+Added: The following performance graph compares the performance of DXP’s common stock to the NASDAQ Industrial Index,
+Added: S & P 400 Index and Dow Jones U.S.
+Added: Industrial Suppliers Index.
+Added: The graph assumes that the value of the investment in DXP’s common stock and in each index was $100 at December 31, 2016..
Investors are cautioned against drawing conclusions from the data contained in the graph below as past results are not necessarily indicative of future performance.
7 unchanged sentences
Recent Sales of Unregistered Securities
−Removed: DXP issued 852,391, 345,423, 192,988 and 40,638 unregistered shares of DXP’s common stock as part of the consideration for the December 31, 2020 acquisitions of TEC, APO, Pumping Solutions and CEC.
+Added: The Company issued 20,793 unregistered shares of DXP’s common stock as part of the consideration for the September 20, 2021 acquisition of Premier.
+Added: The unregistered shares were issued to the sellers of Premier.
+Added: The Company issued 61,177 unregistered shares of DXP’s common stock as part of the consideration for the July 1, 2021 acquisition of PMI.
+Added: The unregistered shares were issued to the sellers of PMI.
+Added: The Company issued 351,945 unregistered shares of DXP’s common stock as part of the consideration for the April 30, 2021 acquisition of CVI.
+Added: The unregistered shares were issued to the sellers of CVI.
+Added: The Company issued 852,391, 438,526, 192,988 and 40,638 unregistered shares of DXP’s common stock as part of the consideration for the December 31, 2020 acquisitions of TEC, APO, Pumping Solutions and CEC.
The unregistered shares were issued to the sellers of TEC, APO, Pumping Solutions and CEC.
1 unchanged sentence
The unregistered shares were issued to the sellers of PSI.
−Removed: DXP issued 30,305 unregistered shares of DXP’s common stock as part of the consideration for the January 1, 2018 acquisition of ASI.
−Removed: The unregistered shares were issued to the sellers of ASI.
We relied on Section 4(a)(2) of the Securities Exchange Act as a basis for exemption from registration.
2 unchanged sentences
Repurchases of Common Stock
−Removed: The following table presents information with respect to the Company’s repurchases of its common stock during the quarter ended December 31, 2020:
+Added: The following table presents information with respect to the Company’s repurchases of its common stock during the quarter ended December 31, 2021 (in thousands except average price paid per share):
Total Number of Shares Purchased (1)
6 unchanged sentences
Total 171 $ 25.40 171 $ 51,493
−Removed: (1) Represents shares employees elected to have withheld to satisfy their tax liabilities related to restricted stock vested.
−Removed: When this settlement method is elected by the employee, the Company repurchases the shares withheld upon vesting of the award stock.
−Removed: There were not any repurchases of shares by the Company during the period.
−Removed: Selected Financial Data
−Removed: The selected historical consolidated financial data set forth below for each of the years in the five-year period ended December 31, 2020 has been derived from our audited Consolidated Financial Statements.
−Removed: This information should be read in conjunction with "Management's Discussion and Analysis of Financial Condition and Results of Operations" and the Consolidated Financial Statements and notes thereto included elsewhere in this Report.
−Removed: Years Ended December 31,
−Removed: 2020 2019 2018 2017 2016
−Removed: (in thousands, except per share amounts)
−Removed: Consolidated Statements of Earnings Data:
−Removed: Sales $ 1,005,266 $ 1,267,189 $ 1,216,197 $ 1,006,782 $ 962,092
−Removed: Gross Profit 279,269 347,224 332,208 271,581 264,802
−Removed: Impairment and other charges 59,883 — — — —
−Removed: Operating income (loss) (26,870) 66,122 68,451 33,490 19,332
−Removed: Net income (loss) (29,074) 35,775 35,521 16,529 7,151
−Removed: Net loss attributable to non-controlling interest (348) (260) (111) (359) (551)
−Removed: Net income (loss) attributable to DXP $ (28,726) $ 36,035 $ 35,632 $ 16,888 $ 7,702
−Removed: Earnings per share:
−Removed: Basic earnings (loss) (1)
−Removed: $ (1.62) $ 2.04 $ 2.02 $ 0.97 $ 0.51
−Removed: Diluted earnings (loss) (1)
−Removed: $ (1.62) $ 1.96 $ 1.94 $ 0.93 $ 0.49
−Removed: (1) See Note 13 - Earnings per Share Data of the Notes to Consolidated Financial Statements for the calculation of basic and
−Removed: diluted earnings per share.
−Removed: Years Ended December 31
−Removed: 2020 2019 2018 2017 2016
−Removed: (in thousands)
−Removed: Consolidated Balance Sheet Data:
−Removed: $ 117,444 $ 54,327 $ 40,519 $ 25,579 $ 1,590
−Removed: Net Working Capital (2)
−Removed: 148,300 208,483 205,201 170,892 140,430
−Removed: Total Assets 851,861 788,220 699,962 639,083 602,052
−Removed: Total Debt less current maturities 326,700 241,875 245,309 248,716 174,323
−Removed: Total Shareholders’ Equity $ 347,866 $ 344,948 $ 308,254 $ 268,546 $ 252,549
−Removed: (1) Cash includes cash and cash equivalents plus restricted cash
−Removed: (2) Net Working Capital equals current assets minus current liabilities excluding cash and short-term debt
+Added: (1) Represents shares repurchased by the Company during the period as part of our publicly announced share repurchase program.
+Added: No shares were repurchased during the period from employees in satisfaction of minimum statutory tax withholding obligations upon the vesting of restricted stock.
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.