6 unchanged sentences
Our board of directors re-evaluates this policy periodically.
−Removed: Any determination to pay cash dividends will be at the discretion of the board of directors and will be dependent upon our
−Removed: results of operations, financial condition, capital requirements, terms of our financing arrangements, and such other factors as the board of directors deems relevant.
+Added: Any determination to pay cash dividends will be at the discretion of the board of directors and will be dependent upon our results of operations, financial condition, capital requirements, terms of our financing arrangements, and such other factors as the board of directors deems relevant.
In addition, the amount of dividends we may pay is subject to the restricted payment provisions of our senior secured credit facility.
5 unchanged sentences
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: Our Stock Ownership Participation Program, 2012 Omnibus Incentive Plan, and 2004 Omnibus Stock Plan, which was replaced by the 2012 Omnibus Incentive Plan, permit the netting of common stock upon vesting of restricted stock awards to satisfy individual tax withholding requirements.
+Added: Our Stock Ownership Participation Program and 2012 Omnibus Incentive Plan permit the netting of common stock upon vesting of restricted stock awards to satisfy individual tax withholding requirements.
During the quarter ended December 31, 2022, we reacquired 3,751 shares of common stock with a weighted average fair market value of $68.03 as a result of such tax withholdings.
−Removed: 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.
−Removed: During the third quarter of 2021, our board of directors authorized an extension of the 2020 Share Repurchase Program through December 31, 2022 and increased the authorized amount from $50 million to $100 million.
−Removed: The amount and timing of repurchases under our share repurchase program is determined by management and depends 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.
−Removed: The following table provides information with respect to purchases we made of our common stock during the quarter ended December 31, 2021.
+Added: In November 2020, our board of directors authorized a share repurchase program permitting us to repurchase up to $50 million of our common stock through December 31, 2021.
+Added: The share repurchase program has been subsequently extended and increased, most recently in the fourth quarter of 2022.
+Added: The current authorization extends the share repurchase program through December 31, 2023 with a repurchase amount of $300 million, of which $108.9 million remains available as of December 31, 2022.
+Added: The amount and timing of repurchases under the share repurchase program were and will continue to be determined by management and depend 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.
+Added: The following table provides information with respect to purchases we made of our common stock during the year ended December 31, 2022.
Period Total Number
2 unchanged sentences
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)
+Added: First quarter total 662,890 $ 46.42 523,399 $ 106,266,001
+Added: Second quarter total 500,131 $ 56.90 497,547 $ 77,919,714
+Added: Third quarter total 693,661 $ 66.48 685,641 $ 32,316,573
October 1, 2022 – October 31, 2022
4 unchanged sentences
54,587 $ 73.12 54,587 $ 108,863,049
−Removed: Total 112,789 $ 47.94 96,135
−Removed: (1) The number of shares repurchased included 850 shares in October 2021, 14,660 shares in November 2021 and 1,144 shares in December 2021 to satisfy employee tax withholding requirements.
+Added: Fourth quarter total 334,916 $ 70.76 331,165 $ 108,863,049
+Added: 2022 Full year total 2,191,598 $ 58.88 2,037,752 $ 108,863,049
+Added: (1) The number of shares repurchased in the first, second and third quarters of 2022 included 139,491, 2,584, and 8,020 shares, respectively, to satisfy employee tax withholding requirements.
+Added: Additionally, in the fourth quarter of 2022, 3,429 shares in October and 322 shares in November were repurchased to satisfy employee tax withholding requirements.
These shares do not reduce the repurchase authority under the Share Repurchase Program.
1 unchanged sentence
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.