3 unchanged sentences
According to records of our transfer agent, at October 28, 2022, we had 275 stockholders of record of our common stock.
+Added: We have not declared or paid any cash dividends on our common stock since May 2017, and we do not presently plan to pay cash dividends on our common stock in the foreseeable future.
+Added: Payment of future cash dividends, if any, will be at the discretion of our board of directors after taking into account various factors, including our financial condition, operating results, current and anticipated cash needs, outstanding indebtedness, plans for expansion and restrictions imposed by our debt arrangements, if any.
Unregistered Sales of Equity Securities and Use of Proceeds
2 unchanged sentences
Period Total Number
−Removed: Purchased (1) Average
+Added: Purchased (1)
per Share Total
−Removed: Programs (2) Maximum Dollar
+Added: Maximum Dollar
Value of Shares
6 unchanged sentences
(1) Includes 4,041 shares delivered in satisfaction of the tax withholding obligations resulting from the vesting of restricted stock units held by employees during the quarter ended September 30, 2022.
−Removed: (2) In March 2021, our Board of Directors approved a stock repurchase program following the completion of our previous program.
−Removed: This program was open-ended and authorized repurchases of shares of our common stock up to an aggregate cost of $500.0 million in the open market or in negotiated transactions.
−Removed: As part of the broader share repurchase program, we entered into the accelerated share repurchase agreement (“ASR Agreement”) with a financial institution in June 2021 to repurchase $200.0 million of our common stock.
−Removed: Pursuant to the ASR Agreement, we paid $200.0 million to the financial institution and received an initial delivery of 319,400 shares of common stock, which approximated 80% of the total number of expected shares to be repurchased under the ASR Agreement.
−Removed: In August 2021, we settled the ASR Agreement and received 70,127 additional shares.
−Removed: In total, 389,527 shares were repurchased under the ASR Agreement.
−Removed: In August 2021, our Board of Directors approved a new stock repurchase program following the termination of the March 2021 program.
−Removed: This new program is open-ended and authorizes repurchases of shares of our common stock up to an aggregate cost of $500.0 million in the open market or in negotiated transactions.
−Removed: In August 2021, we entered into a stock repurchase agreement with an institutional shareholder, pursuant to which we repurchased 515,293 shares of our common stock for $225.0 million.
+Added: (2) In January 2022, our Board of Directors approved a stock repurchase program following the completion of our previous program.
+Added: This program was open-ended and authorizes repurchases of shares of our common stock up to an aggregate cost of $500.0 million in the open market or in negotiated transactions.
+Added: In October 2022, our Board of Directors approved a new stock repurchase program replacing the January 2022 stock repurchase program.
+Added: The new program is open-ended and authorizes repurchases of shares of our common stock up to an aggregate cost of $500.0 million in the open market or in negotiated transactions.
Performance Graph
2 unchanged sentences
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.