2 unchanged sentences
In December 2022, the Australian Parliament passed the Financial Sector Reform Bill 2022, which establishes lending limits on small amount credit contracts.
−Removed: The bill becomes effective in June 2023, and could adversely impact the financial position or results of operations of Cash Converters, in which the Company has an equity investment.
−Removed: Cash Converters recognized a one-time, non-cash impairment expense of AUD$110.5 million against goodwill in their financial statements for the period ended December 31, 2022 and, based upon our 43.7% ownership of Cash Converters, after translation to USD, we recorded a $32.5 million equity method loss during the quarter.
+Added: The bill became effective in June 2023, and could adversely impact the financial position or results of operations of Cash Converters, in which the Company has an equity investment.
+Added: Cash Converters recognized a one-time, non-cash impairment expense of AUD$110.5 million against goodwill in their financial statements for the period ended December 31, 2022 and, based upon our 43.7% ownership of Cash Converters, after translation to USD, we recorded a $32.5 million equity method loss during the quarter ended March 31, 2023.
A decline in the operating results of Cash Converters, if any, resulting from the change of law could adversely affect our investment.
Unregistered Sale of Equity Security and Use of Proceeds
−Removed: The table below provides certain information about our repurchase of shares of Class A Non-voting Common Stock during the quarter ended March 31, 2023.
+Added: The table below provides certain information about our repurchase of shares of Class A Non-voting Common Stock during the quarter ended June 30, 2023.
Share Repurchases
2 unchanged sentences
(in thousands, except number of shares and average price information)
−Removed: January 1, 2023 through January 31, 2023 218,905 $ 8.86 218,905 $ 44,001
−Removed: February 1, 2023 through February 28, 2023 83,228 $ 9.02 83,228 $ 43,250
−Removed: March 1, 2023 through March 31, 2023 146,198 $ 8.54 146,198 $ 42,001
−Removed: Quarter ended March 31, 2023 448,331 $ 8.79 448,331 $ 42,001
+Added: April 1, 2023 through April 30, 2023 113,211 $ 8.81 113,211 $ 41,003
+Added: May 1, 2023 through May 31, 2023 102,225 $ 8.74 102,225 $ 40,110
+Added: June 1, 2023 through June 30, 2023 130,874 $ 8.45 130,874 $ 39,003
+Added: Quarter ended June 30, 2023 346,310 $ 8.66 346,310 $ 39,003
(1) On May 3, 2022, the Board of Directors approved a share repurchase program, under which we are authorized to repurchase up to $50 million of our Class A Non-Voting common shares over a three-year period.
1 unchanged sentence
Execution of the program will be responsive to fluctuating market conditions and valuations, liquidity needs and the expected return on investment compared to other opportunities.
−Removed: The following exhibits are filed with, or incorporated by reference into, this report.
−Removed: Incorporated by Reference Filed Herewith
−Removed: Exhibit Description of Exhibit Form File No.
−Removed: Exhibit Filing Date
−Removed: 31.1 Certification of Principal Executive Officer, pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934
−Removed: 31.2 Certification of Principal Financial Officer, pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934
−Removed: 32.1† Certifications of Principal Executive Officer and Principal Financial Officer, pursuant to 18 U.S.C.
−Removed: 101.INS Inline XBRL Instance Document (the instance document does not appear in the interactive data files because the XBRL tags are embedded within the Inline XBRL document)
−Removed: 101.SCH Inline XBRL Taxonomy Extension Schema Document x
−Removed: 101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase Document x
−Removed: 101.DEF Inline XBRL Taxonomy Extension Definition Linkbase Document x
−Removed: 101.LAB Inline XBRL Taxonomy Extension Labels Linkbase Document x
−Removed: 101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document x
−Removed: 104 Cover Page Interactive Data File in Inline XBRL format (contained in Exhibit 101)
−Removed: _____________________________
−Removed: † The certifications furnished in Exhibit 32.1 hereto are deemed to accompany this Quarterly Report on Form 10-Q and will not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, except to the extent that the registrant specifically incorporates it by reference.
−Removed: Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
−Removed: May 3, 2023 /s/Timothy K.
−Removed: Chief Financial Officer
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.