2 unchanged sentences
A substantially greater number of holders of our common stock are “street name” or beneficial holders, whose shares are held of record by banks, brokers and other financial institutions.
+Added: Issuer Purchases of Equity Securities
+Added: The following table sets forth information with respect to shares of common stock repurchased by us during the three months ended December 31, 2020:
+Added: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1)
+Added: Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (in millions) (1)
+Added: October 1 — October 31, 2020 22,799 $ 106.08 22,799 $ 197.6
+Added: November 1 — November 30, 2020 86,789 $ 117.17 86,789 $ 187.4
+Added: December 1 — December 31, 2020 156,220 $ 119.63 156,220 $ 168.7
+Added: Total 265,808 265,808
+Added: (1) Our Board of Directors from time to time authorizes the repurchase of shares of our common stock up to a certain monetary limit.
+Added: On October 5, 2020, our Board of Directors approved a $200.0 million share repurchase authorization.
+Added: This share repurchase authorization does not have an expiration date.
+Added: Future share repurchases are subject to the business judgment of our Board of Directors, taking into consideration our historical and projected results of operations, financial condition, cash flows, capital requirements, covenant compliance, current economic environment and other factors considered relevant.
Performance Graph
2 unchanged sentences
and Sonic Automotive, Inc.
−Removed: The source for the information contained in this table is Zack’s Investment Research, Inc.
−Removed: The returns of each member of the peer group are weighted according to each member’s stock market capitalization as of the beginning of each period measured.
+Added: The information contained in the table below was provided by Zack’s Investment Research, Inc.
+Added: The returns of each member of the peer group are weighted according to each member’s stock market capitalization.
The graph assumes that the value of the investment in our common stock, the S&P 500 Index and the peer group was $100 on the last trading day of December 2015, and that all dividends were reinvested.
−Removed: Performance data for Group 1 Automotive, Inc., the S&P 500 Index and for the peer group is provided as of the last trading day of each of our last five fiscal years.
−Removed: Measurement Date
−Removed: Automotive, Inc.
−Removed: December 2014
−Removed: December 2015
−Removed: December 2016
−Removed: December 2017
−Removed: December 2018
−Removed: December 2019
−Removed: Recent Sales of Unregistered Securities
−Removed: Purchases of Equity Securities by the Issuer
−Removed: The following table sets forth information with respect to shares of common stock repurchased by us during 2019:
−Removed: Total Number of Shares Purchased
−Removed: Average Price Paid per Share
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1)
−Removed: Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (in millions) (1)
−Removed: December 1 - December 31, 2019
−Removed: (1) Our Board of Directors from time to time authorizes the repurchase of shares of our common stock up to a certain monetary limit.
−Removed: During the year ended December 31, 2019, 14,200 shares were repurchased at an average price of $99.98 per share, for a total of $1.4 million, leaving $73.6 million available under our stock repurchase limit of $75.0 million most recently authorized by our Board of Directors.
−Removed: Our stock repurchase program does not have an expiration date.
−Removed: Future repurchases are subject to the discretion of our Board of Directors after considering our results of operations, financial condition, cash flows, capital requirements, existing debt covenants, outlook for our business, general business conditions and other factors.
−Removed: In December 2019, we entered into a Rule 10b5-1 repurchase plan that was effective from January 2, 2020 to February 3, 2020.
−Removed: Under the plan, we have purchased 149,284 shares subsequent to December 31, 2019, at an average price of $98.12 per share for an aggregate cost of $14.7 million, leaving $58.9 million available under our stock repurchase program.
−Removed: Selected Financial Data
−Removed: The following table sets forth the selected financial data as of and for the years ended December 31, 2019 , 2018 , 2017 , 2016 , and 2015 .
−Removed: Certain reclassifications of amounts previously reported have been made to the accompanying income statement data and balance sheet data in order to conform to current presentation.
−Removed: These reclassifications at times are due to the adoption of new or updated accounting standards, and therefore this selected financial data information should be read in conjunction with Item 7 “Management's Discussion and Analysis of Financial Condition and Results of Operations” and our Consolidated Financial Statements and the Notes thereto, included elsewhere in this annual report on Form 10-K.
−Removed: Years Ended December 31,
−Removed: (In millions, except per share amounts)
−Removed: Income Statement Data:
−Removed: Cost of sales
−Removed: Selling, general and administrative expenses
−Removed: Depreciation and amortization expense
−Removed: Asset impairments
−Removed: Income (loss) from operations
−Removed: Interest expense:
−Removed: Floorplan interest expense
−Removed: Other interest expense, net
−Removed: Income (loss) before income taxes
−Removed: (Benefit) provision for income taxes
−Removed: Net income (loss)
−Removed: Earnings per common share:
−Removed: Dividends per share
−Removed: Weighted average common shares outstanding:
−Removed: As of December 31,
−Removed: (In millions)
−Removed: Balance Sheet Data:
−Removed: Working capital
−Removed: Floorplan notes payable — credit facility and other (1)
−Removed: Floorplan notes payable — manufacturer affiliates (2)
−Removed: Stockholders’ equity
−Removed: Total debt to capitalization
−Removed: (1) Includes immediately available funds of $106.8 million , $33.6 million , $86.5 million, $59.6 million, and $110.8 million as of December 31, 2019 , 2018 , 2017 , 2016 , and 2015 , respectively, that we temporarily invest as an offset to the gross outstanding borrowings.
−Removed: (2) Includes immediately available funds of $4.1 million , $0.1 million , $22.5 million, $25.5 million, and $25.5 million as of December 31, 2019 , 2018 , 2017 , 2016 , and 2015 , respectively, that we temporarily invest as an offset to the gross outstanding borrowings.
+Added: Base Period Indexed Returns for the Years Ended
+Added: Company /Index 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020
+Added: Group 1 Automotive, Inc.
+Added: $ 100.00 $ 104.49 $ 96.51 $ 72.81 $ 140.10 $ 184.83
+Added: S&P 500 $ 100.00 $ 111.96 $ 136.40 $ 130.42 $ 171.49 $ 203.04
+Added: Peer Group $ 100.00 $ 96.27 $ 98.70 $ 77.06 $ 117.97 $ 173.03
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.