1 unchanged sentence
On November 14, 2022, our board of directors authorized a stock repurchase program under which we may purchase up to $20.0 million of our outstanding common stock.
−Removed: As of September 30, 2023, approximately $13.7 million remained available for stock repurchases pursuant to our stock repurchase program.
+Added: As of December 31, 2023, approximately $11.2 million remained available for stock repurchases pursuant to our stock repurchase program.
Under the stock repurchase program, we may purchase shares of common stock on a discretionary basis from time to time through open market transactions or privately negotiated transactions at prices deemed appropriate by us.
1 unchanged sentence
The timing and number of shares repurchased will be determined based on an evaluation of market conditions and other factors, including stock price, trading volume, general business and market conditions, and the availability of capital.
−Removed: The stock repurchase program is effective immediately as of November 14, 2022, has a term of one year from adoption unless extended, does not obligate us to acquire a specified number of shares and may be modified, suspended, or discontinued at any time at our discretion without notice.
+Added: The original stock repurchase program is effective immediately as of November 14, 2022, and was amended to extend the term by an additional year until November 14, 2024, unless further extended, does not obligate us to acquire a specified number of shares and may be modified, suspended, or discontinued at any time at our discretion without notice.
The stock repurchase program will be funded using existing cash or future cash flows.
Common shares repurchased by the Company are held as treasury shares.
−Removed: The following table summarizes the stock repurchase activity for the three months ended of September 30, 2023, and the approximate dollar value of shares that may yet be purchased pursuant to our stock repurchase program:
+Added: The following table summarizes the stock repurchase activity for the three months ended of December 31, 2023, and the approximate dollar value of shares that may yet be purchased pursuant to our stock repurchase program:
Total Number of Shares Purchased
3 unchanged sentences
(in thousands)
−Removed: July 1, 2023 to July 31, 2023
−Removed: August 1, 2023 to August 31, 2023
−Removed: September 1, 2023 to September 30, 2023
+Added: October 1, 2023 to October 31, 2023
+Added: November 1, 2023 to November 30, 2023
+Added: December 1, 2023 to December 31, 2023
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.