9 unchanged sentences
Any determination to declare dividends in the future will be at the discretion of our Board of Directors, subject to applicable laws, and will be dependent on a number of factors, including our earnings, capital requirements and overall financial condition.
−Removed: In addition, because we are a holding company, our ability to pay dividends on our common stock may be limited by restrictions on our ability to obtain sufficient funds through dividends from subsidiaries, including restrictions under our First Lien Credit Agreement, and may be further restricted by the terms of any future debt or preferred securities.
−Removed: See NOTE 6— Long-term Debt to our Consolidated Financial Statements for additional information about our First Lien Credit Agreement.
+Added: In addition, because we are a holding company, our ability to pay dividends on our common stock may be limited by restrictions on our ability to obtain sufficient funds through dividends from subsidiaries.
+Added: Further, our ability to pay dividends on our common stock is subject to restrictions under our Credit Agreement, and may be further restricted by the terms of any future debt or preferred securities.
+Added: See NOTE 14— Subsequent Event to our Consolidated Financial Statements for additional information about our Credit Agreement.
Stock Performance Graph
−Removed: The following graph shows a comparison of cumulative total return (equal to stock appreciation plus dividends) during each quarterly accounting period from June 20, 2019 (the date our common stock began trading on the NASDAQ Global Select Market) through January 1, 2022 for:
+Added: The following graph shows a comparison of cumulative total return (equal to stock appreciation plus dividends) from June 20, 2019 (the date our common stock began trading on the NASDAQ Global Select Market) through December 31, 2022 for:
• Grocery Outlet Holding Corp.
• Nasdaq Global Market Composite Index
−Removed: • Nasdaq US Benchmark General Retailers Index
+Added: • Nasdaq US Benchmark Retailers Index
6/20/2019 12/28/2019 6/27/2020 1/2/2021 7/3/2021 1/1/2022 7/2/2022 12/31/2022
3 unchanged sentences
$ 100.00 $ 107.91 $ 118.09 $ 170.37 $ 179.77 $ 142.69 $ 77.57 $ 67.69
−Removed: Nasdaq US Benchmark General Retailers Index $ 100.00 $ 112.61 $ 137.13 $ 167.61 $ 185.68 $ 194.45
+Added: Nasdaq US Benchmark Retailers Index $ 100.00 $ 112.61 $ 137.13 $ 167.61 $ 185.68 $ 194.52 $ 134.38 $ 133.28
We are required to provide a line-graph presentation comparing cumulative stockholder returns on an indexed basis with a broad equity market index and either a published industry index or an index of peer companies selected by us.
−Removed: We have selected the Nasdaq Global Market Composite Index for the broad equity market index and the Nasdaq US Benchmark General Retailers Index as the published industry index.
+Added: We have selected the Nasdaq Global Market Composite Index for the broad equity market index and the Nasdaq US Benchmark Retailers Index as the published industry index.
• Assumes initial investment of $100.00 at our closing stock price on June 20, 2019 (our initial listing date).
Total return includes reinvestment of dividends.
−Removed: • If the quarterly accounting period end date ends on a day that is not a trading day, the preceding trading day is used.
+Added: • If the accounting period end date ends on a day that is not a trading day, the preceding trading day is used.
• The information included under the heading "Stock Performance Graph" in Item 5 of this Annual Report on Form 10-K is "furnished" and not "filed" and shall not be deemed to be "soliciting material" or subject to Regulation 14A, shall not be deemed "filed" for purposes of Section 18 of the Exchange Act or otherwise subject to the limitations of that section, and shall not be deemed incorporated by reference into any of our filings under the Securities Act or the Securities Exchange Act, whether made before or after the date of this report and irrespective of any general incorporation by reference language in any such filing.
3 unchanged sentences
In November 2021, our Board of Directors approved a share repurchase program.
−Removed: This program, effective November 5, 2021 and without an expiration date, authorized us to repurchase up to $100.0 million of our outstanding common stock utilizing a variety of methods including open market purchases, accelerated share repurchase programs, privately negotiated transactions, structured repurchase transactions and under a Rule 10b5-1 plan (which would permit shares to be
−Removed: repurchased when the Company might otherwise be precluded from doing so under securities laws).
−Removed: During the quarter ended January 1, 2022, we did not repurchase any of our equity securities.
−Removed: As of January 1, 2022, we had $100.0 million of repurchase authority remaining under the share repurchase program.
−Removed: Subsequent to year end through February 24, 2022, we repurchased 139,718 shares of common stock totaling $3.5 million, including commissions, at an average price of $24.70 per share.
+Added: This program, effective November 5, 2021 and without an expiration date, authorized us to repurchase up to $100.0 million of our outstanding common stock utilizing a variety of methods including open market purchases, accelerated share repurchase programs, privately negotiated transactions, structured repurchase transactions and under a Rule 10b5-1 plan (which would permit shares to be repurchased when the Company might otherwise be precluded from doing so under securities laws).
+Added: During the quarter ended December 31, 2022, we did not repurchase any shares of common stock.
+Added: As of December 31, 2022, we had $96.6 million of repurchase authority remaining under the share repurchase program.
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.