7 unchanged sentences
However, future payments of cash dividends will depend upon our financial condition, results of operations and capital requirements, as well as other factors deemed relevant by the Board of Directors.
+Added: During 2021 the Company paid a special dividend of $0.50 per share on outstanding shares at the time of the special dividend declaration which was in addition to the regular quarterly dividends declared totaling $0.08 for the year.
+Added: The special dividend payment amounted to $39.5 million.
Stock Repurchase
We have a stock repurchase program with 6.6 million shares remaining authorized for repurchase as of December 31, 2021.
−Removed: There were 1.5 million shares repurchased in the open market during the year ended December 31, 2020 and no shares repurchased in 2019.
+Added: There were 1.8 million shares repurchased in the open market during the year ended December 31, 2021 and 1.5 million shares repurchased in 2020.
Shares repurchased during 2021 were accounted for as treasury stock.
4 unchanged sentences
December 1, 2021 - December 31, 2021 — — — 6,645,388
−Removed: Subsequent to December 31, 2020, we have repurchased 0.7 million shares of our common stock for $12.9 million.
−Removed: This has reduced the remaining authorized shares for repurchase to 4.7 million shares as of February 15, 2021.
The specific timing and amount of future repurchases will be determined by market conditions, cash flow requirements, securities law limitations, and other factors.
7 unchanged sentences
The 2011 Plan authorized the issuance of up to 0.9 million shares and is administered by the Compensation Committee of our Board of Directors (the “Committee”).
−Removed: In accordance with and subject to the provisions of the Plan, the Committee has the authority to determine all provisions of awards of restricted stock, including, without limitation, the employees who will receive awards, the number of shares awarded to individual employees, the time or times when awards will be granted, restrictions and other conditions (including, for example, the lapse of time) to which the vesting of awards may be subject, and other terms and conditions and form of agreement to be entered into by us and employees subject to awards of restricted stock.
−Removed: Per the terms of the awards, employees receiving awards
−Removed: will have all of the rights of a stockholder with respect to the unvested restricted shares including, but not limited to, the right to receive such cash dividends, if any, as may be declared on such shares from time to time and the right to vote such shares at any meeting of our stockholders.
+Added: In accordance with and subject to the provisions of the 2011 Plan, the Committee has the authority to determine all provisions of awards of restricted stock, including, without limitation, the employees who will receive awards, the number of shares awarded to individual employees, the time or times when awards will be granted, restrictions and other conditions (including, for example, the lapse of time) to which the vesting of awards may be subject, and other terms and conditions and
+Added: form of agreement to be entered into by us and employees subject to awards of restricted stock.
+Added: Per the terms of the awards, employees receiving awards will have all of the rights of a stockholder with respect to the unvested restricted shares including, but not limited to, the right to receive such cash dividends, if any, as may be declared on such shares from time to time and the right to vote such shares at any meeting of our stockholders.
The following table summarizes, as of December 31, 2021, information about the 2011 Plan:
5 unchanged sentences
Column (c) represents the maximum aggregate number of shares of restricted stock that can be issued under the 2011 Plan as of December 31, 2021.
+Added: In May 2021, at the 2021 Annual Meeting of Stockholders, the approval of the Heartland Express, Inc.
+Added: 2021 Restricted Stock Plan (the "2021 Plan") was ratified.
+Added: The 2021 Plan made available up to 0.6 million shares for the purpose of making restricted stock grants to our eligible employees, directors and consultants.
+Added: The following table summarizes, as of December 31, 2021, information about the 2021 Plan:
+Added: Number of Securities to be Issued upon Exercise of Outstanding Options, Warrants and Rights Weighted Average Stock Price of Outstanding Options, Warrants and Rights Number of Securities Remaining Available for Future Issuance under Equity Compensation Plans (Excluding Securities Reflected in Column (a))
+Added: Equity compensation plan approved by stockholders — — 598,000
+Added: Total — — 598,000
+Added: Column (a) represents unvested restricted stock awards outstanding under the 2021 Plan as of December 31, 2021.
+Added: Column (b) is zero because restricted stock awards do not have an exercise price.
+Added: Column (c) represents the maximum aggregate number of shares of restricted stock that can be issued under the 2021 Plan as of December 31, 2021.
We do not have any equity compensation plans that were not approved by stockholders.
−Removed: SELECTED FINANCIAL DATA
−Removed: The selected consolidated financial data presented below is derived from our consolidated financial statements.
−Removed: The information set forth below should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial statements and notes thereto within this Annual Report.
−Removed: Year Ended December 31,
−Removed: (in thousands, except per share amounts)
−Removed: 2020 2019 (1)
−Removed: 2018 2017 (2)
−Removed: Statements of Income Data :
−Removed: Operating revenue $ 645,262 $ 596,815 $ 610,803 $ 607,336 $ 612,937
−Removed: Operating expenses:
−Removed: Salaries, wages, and benefits 269,482 240,139 227,872 236,872 231,980
−Removed: Rent and purchased transportation 4,643 7,984 18,700 30,002 23,485
−Removed: Fuel 86,094 101,871 110,536 104,381 91,494
−Removed: Operations and maintenance 27,647 24,479 27,143 29,609 26,159
−Removed: Operating taxes and licenses 14,962 14,459 16,390 16,615 15,559
−Removed: Insurance and claims 22,229 17,003 17,227 18,850 24,449
−Removed: Communications and utilities 5,281 4,953 6,086 5,781 4,485
−Removed: Depreciation and amortization 109,937 100,212 100,519 103,690 105,578
−Removed: Other operating expenses 26,398 22,781 21,506 24,666 13,385
−Removed: Gain on disposal of property and equipment (14,830) (31,341) (24,963) (26,674) (9,205)
−Removed: 551,843 502,540 521,016 543,792 527,369
−Removed: Operating income 93,419 94,275 89,787 63,544 85,568
−Removed: Interest income 842 3,955 2,130 1,129 481
−Removed: Interest expense — (1,052) — (175) —
−Removed: Income before income taxes 94,261 97,178 91,917 64,498 86,049
−Removed: Federal and state income (benefit) taxes 23,455 24,211 19,240 (10,675) 29,663
−Removed: Net income $ 70,806 $ 72,967 $ 72,677 $ 75,173 $ 56,386
−Removed: Weighted average shares outstanding (3)
−Removed: Basic 81,388 81,980 82,378 83,298 83,297
−Removed: Diluted 81,444 82,024 82,410 83,336 83,365
−Removed: Earnings per share
−Removed: Basic $ 0.87 $ 0.89 $ 0.88 $ 0.90 $ 0.68
−Removed: Diluted $ 0.87 $ 0.89 $ 0.88 $ 0.90 $ 0.68
−Removed: Dividends declared per share $ 0.08 $ 0.08 $ 0.08 $ 0.08 $ 0.08
−Removed: Balance Sheet data :
−Removed: Net working capital $ 121,970 $ 88,407 $ 167,813 $ 95,514 $ 136,577
−Removed: Total assets $ 951,176 $ 898,931 $ 806,213 $ 789,127 $ 738,228
−Removed: Long-term debt (4)
−Removed: $ — $ — $ — $ — $ —
−Removed: Stockholders' equity $ 724,334 $ 684,659 $ 615,972 $ 574,645 $ 505,826
−Removed: (1) We acquired 100% of the outstanding stock of Millis Transfer in August 2019.
−Removed: Therefore, our operating results for the year ended December 31, 2019, include the operating results of Millis Transfer for only the period of August 26, 2019 to December 31, 2019.
−Removed: (2) We acquired 100% of the outstanding stock of IDC in July 2017.
−Removed: Therefore, our operating results for the year ended December 31, 2017, include the operating results of IDC for only the period of July 6, 2017 to December 31, 2017.
−Removed: (3) The difference between basic and diluted weighted average shares outstanding is due to the effect of unvested restricted stock granted under the 2011 Restricted Stock Award Plan.
−Removed: (4) During 2013 we entered into an unsecured reducing line of credit agreement and was later amended to provide an unsecured revolving line of credit.
−Removed: Maximum borrowing capacity as of December 31, 2020 was $100.0 million.
−Removed: Based on outstanding letters of credit, we had available borrowing capacity of $88.5 million under such line of credit.
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.