16 unchanged sentences
During the quarter ended December 31, 2020, we reacquired 2,475 shares of common stock with a weighted average fair market value of $42.97 as a result of such tax withholdings.
−Removed: We currently have a share repurchase program pursuant to which we may, from time to time, repurchase up to $125 million of our common stock through October 31, 2020 (the "Share Repurchase Program").
−Removed: The amount and timing of the repurchases will be determined by management and will depend on a variety of factors, including the trading price of our common stock, capacity under our line of credit, general market and business conditions, and applicable legal requirements.
+Added: In November 2020, our board of directors authorized a share repurchase program (the “2020 Share Repurchase Program”) permitting us to repurchase up to $50 million of our common stock through December 31, 2021.
+Added: The 2020 Share Repurchase Program was authorized subsequent to the expiration of our prior share repurchase program (the “2015 Share Repurchase Program”) on October 31, 2020.
+Added: The 2015 Share Repurchase Program permitted us to repurchase up to $125 million of our common stock through October 31, 2020.
+Added: The amount and timing of repurchases under both share repurchase programs were determined by management and depended on a variety of factors, including the trading price of our common stock, capacity under our credit facility, general market and business conditions, and applicable legal requirements.
The following table provides information with respect to purchases we made of our common stock during the quarter ended December 31, 2020.
+Added: Period Total Number
of Shares Purchased (1)
Average Price
−Removed: Paid Per Share
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
−Removed: Dollar Value of Shares that May Yet Be Purchased under the Plans or Programs (2)
+Added: Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Dollar Value of Shares that May Yet Be Purchased under the Plans or Programs (2)
October 1, 2020 – October 31, 2020 1,496 $ 40.06 — $ —
1 unchanged sentence
December 1, 2020 – December 31, 2020 59,743 $ 45.21 58,764 $ 44,974,137
+Added: Total 113,641 $ 45.13 111,166
(1) The number of shares repurchased included 1,496 shares in October 2020 and 979 shares in December 2020 to satisfy employee tax withholding requirements.
13 unchanged sentences
Year Ended December 31,
+Added: 2020 2019 2018 2017 2016
Revenues and reimbursable expenses:
+Added: Revenues $ 844,127 $ 876,757 $ 795,125 $ 732,570 $ 726,272
Reimbursable expenses 26,887 88,717 82,874 75,175 71,712
1 unchanged sentence
Direct costs and reimbursable expenses (exclusive of depreciation and amortization shown in operating expenses) (1) :
+Added: Direct costs 592,428 575,602 521,537 454,806 437,556
Amortization of intangible assets and software development costs 5,366 5,375 4,247 10,932 15,140
6 unchanged sentences
Depreciation and amortization (1)
+Added: 24,277 28,365 34,575 38,213 31,499
Goodwill impairment charges 59,816 — — 253,093 —
13 unchanged sentences
Year Ended December 31,
+Added: 2020 2019 2018 2017 2016
Net earnings (loss) per basic share:
7 unchanged sentences
Weighted average shares used in calculating net earnings (loss) per share:
+Added: Basic 21,882 21,993 21,706 21,439 21,084
+Added: Diluted 21,882 22,507 22,058 21,439 21,424
Consolidated Balance Sheet Data
1 unchanged sentence
As of December 31,
+Added: 2020 2019 2018 2017 2016
Cash and cash equivalents $ 67,177 $ 11,604 $ 33,107 $ 16,909 $ 17,027
Working capital (2)
+Added: $ 43,644 $ 20,192 $ (185,374) $ 51,828 $ 44,314
+Added: Total assets $ 1,057,476 $ 1,104,271 $ 1,049,532 $ 1,036,928 $ 1,153,215
Long-term debt, net of current portion (2)
+Added: $ 202,780 $ 208,324 $ 53,853 $ 342,507 $ 292,065
Total stockholders’ equity (3)
−Removed: Intangible asset amortization relating to customer contracts, certain client relationships, and software and amortization of software development costs are presented as a component of total direct costs.
−Removed: Depreciation and intangible assets amortization not classified as direct costs are presented as a component of operating expenses.
+Added: $ 551,942 $ 585,465 $ 540,624 $ 503,316 $ 648,033
+Added: (1) Intangible asset amortization relating to customer contracts, certain client relationships, and technology and software and amortization of certain software development costs are presented as a component of total direct costs.
+Added: Depreciation and amortization not classified as direct costs are presented as a component of operating expenses.
(2) Our Convertible Notes with a principal amount of $250.0 million were classified as short-term debt on our consolidated balance sheet at December 31, 2018 as they had a maturity date of October 1, 2019.
5 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.