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 March 31, 2024, approximately $5.7 million remained available for stock repurchases pursuant to our stock repurchase program.
+Added: On May 31, 2024, our board of directors authorized a $20.0 million increase in its stock repurchase program, bringing the aggregate amount we may purchase thereunder from $20.0 million to $40.0 million of its outstanding common stock.
+Added: As of September 30, 2024, approximately $12.4 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 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.
+Added: The stock repurchase program has been extended until the earlier of (i) the date the aggregate amount of shares that can be repurchased under the stock repurchase program have been repurchased and (ii) the date the board of directors decides to terminate the stock repurchase program.
+Added: The stock repurchase program 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 March 31, 2024, 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 September 30, 2024, 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: January 1, 2024 to January 31, 2024
−Removed: February 1, 2024 to February 29, 2024
−Removed: March 1, 2024 to March 31, 2024
+Added: July 1, 2024 to July 31, 2024
+Added: August 1, 2024 to August 31, 2024
+Added: September 1, 2024 to September 30, 2024
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.