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Issuer Repurchases of Equity Securities
−Removed: A summary of the repurchase activity for the three months ended March 31, 2025 (dollars in millions, shares in thousands, except per share amounts):
+Added: A summary of the repurchase activity for the three months ended June 30, 2025 (dollars in millions, shares in thousands, except per share amounts):
Period Total Number of Shares Repurchased (1)
1 unchanged sentence
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
−Removed: January 1 to January 31, 2025
−Removed: February 1 to February 28, 2025 — $ — $ —
−Removed: March 1 to March 31, 2025
−Removed: 84 $ 128.33 $ 9.2
April 1 to April 30, 2025 73 $ 125.94 $ —
−Removed: 73 $ 125.94 $ —
+Added: May 1 to May 31, 2025 — $ — $ —
+Added: June 1 to June 30, 2025 — $ — $ 20.0
(1) These purchases were effectuated through a Rule 10b5-1 trading plan adopted by the Company on February 21, 2025.
−Removed: The program may be suspended or discontinued at any time and does not have an expiration date.
+Added: The program expired upon the repurchase of the fully authorized amount and is no longer in effect.
(2) The average price paid per share excludes any broker commissions.
−Removed: Stock Repurchase Programs — On February 21, 2025, the Board of Directors approved a stock repurchase program pursuant to which we may repurchase up to $20 million of our common stock under the program for a period of approximately 12 months from March 26, 2025.
−Removed: During the three months ended March 31, 2025, we purchased 84 shares of its common stock for $10.8 million.
−Removed: Subsequent to March 31, 2025, the Company repurchased 73 shares of its common stock for $9.2 million.
−Removed: This repurchase program expired upon the repurchase of the fully authorized amount under the plan.
−Removed: On May 16, 2024, the Board of Directors approved a stock repurchase program pursuant to which the Company could repurchase up to $20 million of its common stock under the program for a period of approximately 12 months from September 1, 2024.
−Removed: The Company did not purchase any shares pursuant to this stock repurchase program before the repurchase program was cancelled on February 21, 2025.
−Removed: Under these repurchase programs, the Company is authorized to repurchase its issued and outstanding common shares from time to time in open-market and privately negotiated transactions, tender offers, pursuant to contractual provisions, and block trades, or otherwise in accordance with federal securities laws.
+Added: Stock Repurchase Programs — On May 15, 2025, the Board of Directors approved a stock repurchase program pursuant to which we may repurchase up to $20.0 million of our common stock under the program for a period of approximately 12 months from June 16, 2025.
+Added: During the three months ended June 30, 2025, we did not repurchase any shares pursuant to this stock repurchase program.
+Added: On February 21, 2025, the Board of Directors approved a stock repurchase program pursuant to which we may repurchase up to $20 million of our common stock under the program for a period of approximately 12 months from March 26, 2025.
+Added: During the three months ended March 31, 2025, we repurchased 84 shares of our common stock for $10.8 million.
+Added: During the three months ended June 30, 2025, we repurchased 73 shares of our common stock for $9.2 million.
+Added: This repurchase program expired upon the repurchase of the fully authorized amount under the plan and is no longer in effect.
+Added: Under our repurchase program, the Company is authorized to repurchase its issued and outstanding common shares from time to time in open-market and privately negotiated transactions, tender offers, pursuant to contractual provisions, and block trades, or otherwise in accordance with federal securities laws.
The share repurchase program does not obligate the Company to acquire any specific number of shares.
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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.